Cardano Staking

Overview

Cardano offers one of the most original and possibly one of the most decentralised staking models. The blockchain protocol dictates that stake pools average approximately 3.5% staking rewards over the course of a year.

CLAY is an independent, community pool with 3+ years operating experience and over 3000 blocks minted. Our committed team continues to work hard to provide secure, efficient & reliable support towards the decentralisation of Cardano.

Staking Incentives

CLAY stake pool also offers additional staking benefits to encourage ADA staking and long term holding.

Since Epoch 351, staking with [CLAY] pool gives additional benefits, in terms of $CLAY token accrual for delegators.

Stake ADA (minimum 100 ADA) to [CLAY] stake pool and receive:

1. ADA rewards (as standard, determined by the Cardano protocol)

2. $CLAY token, proportional to the amount of ADA, staked. The more ADA staked to CLAY pool, and the closer the pool is to full saturation, the larger the overall $CLAY rewards.

You do not need to hold a Clay NFT to be eligible for $CLAY staking rewards. This is in order to make this stream as inclusive as possible, and open the doors of the clay ecosystem to new members. More details on the exact details of $CLAY rewards for stake pool delegators are yet to be announced.

Boost Rewards ⚡

In order to incentivise long term holding of $CLAY, we aim to also implement the following booster procedure: a. If you delegate to [CLAY] stake pool and hold $CLAY token or have unbaked $CLAY 'attached' to an NFT in the same wallet, you will be rewarded with additional $CLAY.

Distribution Information

Max total distribution per epoch: 500,000 $CLAY

The actual amount allocated each epoch is determined by the pool saturation using our own non-linear function (see graph, below)

The closer the pool is to full saturation, the more total rewards that are distributed.

In order to calculate the extra $CLAY rewards each delegator is able to claim, we calculate the share of ADA, $CLAY and unbaked $CLAY out of the total amounts staked and this share determines the percentage of rewards the delegator receives.

The determined amount for each delegator is therefore split into 3 streams:

1. rewards for ADA staked

2. rewards for $CLAY staked

3. rewards for unbaked $CLAY staked

The ratio at which the total amount of $CLAY is split between delegated ADA, $CLAY and unbaked $CLAY is determined by the dynamic parameters which are currently set to: 85%, 10% and 5%, respectively. This takes into account the amount of each that is currently staked to [CLAY] pool i.e. that there is currently a much larger proportion of ADA staked than (unbaked) $CLAY (in ADA equivalent).

Pool Information

To facilitate community-baked ADA liquidity for $CLAY token, we have increased the pool margin from 2% to 5%. We have recently reduced CLAY pool's 'Fixed Cost' fee from 340 ₳ to just 170 ₳. If staking is new to you & you're concerned about how the stake pool margin impacts your ADA rewards, please read this brief explainer article that demonstrates the relatively low-impact of the margin change.

• Ticker: CLAY

• Pledge: 100k ₳

• Pool margin: 5%

• Fixed fee: 170 ₳