Hello to our valued BKV Pool community!
We’re thrilled to share some exciting news with you. As many of you might be aware, Cardano recently introduced a pivotal modification to its staking parameters. On October 24, 2023, the Cardano Foundation announced the reduction of the minPoolCost parameter from 340 to 170 ADA. This significant update aims to create a more equitable staking environment and maximize participation, especially from smaller pool operators like us.
What does this mean for BKV Pool?
In light of this update, we’re delighted to announce that we will be reducing our epoch fee at BKV Pool from 340 ADA to 170 ADA. This change aligns with our commitment to providing the best value to our community and ensuring that we remain competitive and attractive for both current and potential delegators.
Why is this update significant?
By potentially halving the minPoolCost, the Cardano Foundation allows operators like us to reduce our ‘floor’ income, leveling the playing field and empowering smaller pool operators to compete more effectively.
Join Us on This Journey
We’re committed to continuously optimizing our policies and operations to provide the best staking experience for our community. As we embrace these new parameters, we invite you to join us on this exciting journey. Together, we can achieve great things and further strengthen the Cardano ecosystem.
Thank you for your continued trust and support. Let’s make the most of these exciting times!
Warm regards, Alex and the BKV Pool Team
If you found this article insightful, follow us on Twitter for updates and join our Discord community for discussions. Support our work by delegating your ADA to our stake pool or buying our meme token BKV on bkvcoin.org.
The BKV Pool Team
Building a Stronger Cardano Network Together