IOHK shared a useful post on their Twitter account about the k parameter change which is set to take place on Dec.6.
Check out the team’s tweet below:
IMPORTANT: On December 6, the k parameter is changing. Still want to earn maximum rewards for your #ada? Read on…
This change will make #Cardano even more decentralized. But if you are currently delegating to a pool with more than 64M active #ADA it’s time to redelegate 1/5
— Input Output (@InputOutputHK) November 30, 2020
The team continued and said: “Because if you are delegating to a pool holding more than 64M #ADA right now, very likely it will become saturated come December 6. If that’s the case, you’ll be delegating your ADA to an oversaturated pool, and you’ll miss out on receiving your maximum rewards 2/5.”
They also noted that “So do this. Open #Daedalus and click on your current delegated pool’s tile. Check the saturation. Less than 30%? You are all good. More than 30%? Time to move. And to avoid losing rewards, you should take action TODAY. At the latest, by 21:44:51 UTC tomorrow (December 1) 3/5.”
Anyway, we suggest that you check out the complete thread on Twitter.
New IOHK blog post is out
Earlier today, we revealed that IOHK is making headlines again after dropping an exciting announcement on their social media account. Check out their tweet below.
NEW BLOG: High engagement & low leverage; the principles at the heart of #Cardano’s #ADA rewards system. In this foundational piece, Chief Scientist @sol3gga outlines the choices made in designing Cardano’s scheme and compares it to other protocols https://t.co/UBL8mMYLL5
— Input Output (@InputOutputHK) November 30, 2020
The blog post is called, “Blockchain reward sharing – a comparative systematization from first principles – Navigating the diverse landscape of reward-sharing schemes and the choices we have made in the design of Cardano’s reward-sharing scheme.”
We suggest that you check it out as well.
