FAQs

Stake pools are run by stake pool operators. These are network participants with the skills to reliably ensure consistent uptime of a node, which is essential in ensuring the success of the Ouroboros protocol and the Cardano network as a whole.

 

The protocol uses a probabilistic mechanism to select a leader for each slot, who will be expected to create the next block in the chain. The chance of a stake pool node being selected as slot leader increases proportionately to the amount of stake delegated to that node. Each time a stake pool node is selected as a slot leader and successfully creates a block, it receives a reward, which is shared with the pool proportionate to the amount each member has delegated. Stake pool operators can deduct their running costs from the awarded ada, as well as specify a profit margin for providing the service.

Yes. Mainnet ada will not be affected by the Incentivized Testnet. After the balance snapshot, ada owned on the mainnet can be spent and exchanged freely.

Yes. Delegated stake can be re-delegated to another pool at any time. Re-delegated stake will remain in the current pool until the epoch after next (from the point of re-delegation), after which your delegation preferences will be updated on the chain and your stake moved to the new stake pool. Rewards are distributed from the end of each epoch, so you’ll continue to receive rewards from your original stake pool for two epochs before your new delegation preferences are applied.

Yes. However, to delegate to multiple stake pools, you will need to create separate wallets. The stake associated with each wallet can then be delegated to a specific stake pool.

The Incentivized Testnet Daedalus wallet will feature a list of all participating stake pools directly via the UI, while Yoroi will show the same information via their Seiza blockchain explorer. These pools will be ranked and color-coded to help stakeholders make the best decision about where to delegate their stake. Ranking is based on performance, which is calculated in part based on the number of blocks the stake pool was tasked to create compared to the number actually created in a single epoch. Over time, more metrics will be added to this ranking.

Both Daedalus and Yoroi wallets are supported for the Incentivized Testnet. You can download your preferred wallet client using this link .

 

For technical reasons, only ada held in Daedalus or Yoroi wallets at the time of the snapshot in a few weeks can be restored on the Incentivized Testnet. Any ada held in exchanges, third-party wallets, or hardware wallets must be moved to either a Daedalus or Yoroi wallet prior to the snapshot if users wish to participate in the Incentivized Testnet.

When you first restore a wallet on the Incentivized Testnet, a balance wallet is created containing all your testnet ada. Balance wallets are copies of mainnet wallets, and as such do not support stake delegation. To participate in delegation on the Incentivized Testnet, you’ll need to create a rewards wallet and transfer funds from your balance wallet to your rewards wallet.

Both available testnet wallets (Daedalus and Yoroi) will display a total of rewards earned throughout the Incentivized Testnet. Once the Incentivized Testnet is over, we’ll provide you with a manual procedure to transfer ada earned to the mainnet.

No. Only ada that was in a mainnet Daedalus or Yoroi wallet at the time of the balance snapshot (12.00 UTC, November 29, 2019) is eligible for restoration on the Incentivized Testnet, and restored testnet ada can only be delegated via the Incentivized Testnet versions of Daedalus and Yoroi.