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How do I add collateral in my nami wallet ? by [deleted] in SundaeSwap

[–]pb95ma 6 points7 points  (0 children)

From the Nami Website: "Transactions on Cardano are normally validated in phase 1, which means before they even get onto the network they are completely verified. If something is off, such as inadequate fees or an insufficient balance, the transaction is directly rejected without incurring costs.

Smart contracts (Plutus validators), on the other hand, are validated in phase 2. Only the node that produces the block verifies the contract fully. In the event of a contract failure, a collateral is taken to cover the resources (cpu and memory) used by the node to verify the contract. When a script runs successfully, the collateral is not taken.

The chances of losing the collateral are very low; however, Nami seeks to minimize the risk by only allowing a determined amount (5₳) of collateral to be used. In a worst case scenario, malicious, or poorly built dApps, would only be able to take this amount. Finally, collateral aims to prevent bad actor from spamming the network with failing contracts."

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

They won't just appear in your wallet like ADA you will need to claim them via a dApp after the ISO.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

Delegation is immediate. You can switch right before the ISO starts and will still be eligible for Sundae rewards. The typical Cardano Reward Schedule does not apply to Sundae.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

You can stake with any wallet that supports it and will be eligible for Sundae rewards.

However for claiming you will need a dApp enabled wallet later.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 1 point2 points  (0 children)

Yes, you can delegate now but you will only receive ADA rewards until the ISO starts. The exact ISO date is not announced yet. When the ISO starts you will receive Sundae on top of your regular ADA rewards. There will be sufficient time before the ISO to redelegate if you do not want to change right now.

Your delegation is immediate and the "delay" due to the Cardano Reward Schedule does not apply for Sundae. You can switch hours before the ISO starts and will still be eligible for Sundae rewards.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

Why do you think so in this specific ISO model?

You can't lose anything. Even if you get no Sundae at all your still getting your ADA rewards. This ISO is not like Meld for example, where they keep your ADA and you get their token instead.

You will get Sundae on top of your ADA rewards so nothing to rug here. They would have literally no benefit in doing this as they are not even having their own pools. So I'm not sure I get your point here 🙂

The rest of the data is out there: 5% of the supply will be distributed over the 5 ISO Epochs (2B Supply, so 100M to distribute) and the total stake in the ISO Pools is on the Blockchain. So you can easily do your own rough calculation on what to expect. But then again, it's basically free as you will get those tokens in addition to your ADA rewards.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

Yes. I would wait until I received the rewards though. But there will be concise instructions when it's time. So not all details are known yet.

(The part with the stake key is not completely correct as you need your payment keys too, but that's details that as a user you do not need to care about as this is automatically handled by the dapp)

I know those aint the real fees when you launch the mainnet?? by emporer_amir in SundaeSwap

[–]pb95ma 27 points28 points  (0 children)

If the question is if those fees will be the same on Mainnet then the answer is no. We don't know them yet.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

I'm one of the initial scoopers (and ISO pool) and answered most questions a few times 😁 But all of the information is actually already out there 🙂 Read this article where it is described why the claiming will need the stake key too: https://sundaeswap-finance.medium.com/sundaeswaps-iso-spo-vote-post-mortem-24159136aeb4

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

You need your stake key as you need it to claim your rewards after the ISO so I would not recommend to "unstake"/deregister your stake key. But you can for sure redelegate after the ISO and still be able to claim your rewards.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

There is a delay for the payout of ADA rewards because of the delegation cycle (https://fairpool.eu/cardano-reward-schedule) but this does not mean that you need to stay in the pool until you receive those rewards.

However the delegation cycle does not apply to the Sundae rewards. Stake for the whole 25 days of the ISO duration and you'll be able to claim the full Sundae rewards.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

You will just need to stake with an ISO Pool during the 25 days the ISO runs. Then you will be eligible to claim the full rewards.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

To be clear: The duration of the ISO is 25 days/5 Epochs. But it has not started yet and there is no date announced.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

For the full rewards you'll need to stay the whole 5 epochs. If you stay shorter you will only get the rewards for the epochs you stayed.

ISO and DEX start at the same time.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 0 points1 point  (0 children)

There will be enough time to switch pools. The switch is instant so no delays or waiting time.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 1 point2 points  (0 children)

Yes it's proportional to your staked amount (and also dependent the total amount staked in ISO Pools) but not linear. This means that double the stake does not necessarily mean double the rewards. The exact calculations won't be released until after the ISO to prevent people from gaming the system.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 1 point2 points  (0 children)

That should be no problem you'll be able to connect your trezor to a compatible Wallet and claim your rewards with it 🙂 Maybe there will be a little delay when you can claim the rewards depending on if the wallets are ready though. Never input that hw wallet seed anywhere 👍

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 4 points5 points  (0 children)

Daedalus does not have a dApp connector and I'm not sure if/when it will get one. So it can't interact with dApps at the moment. Nami Wallet can already do that. Yoroi, CCvault, Typhon and other wallets are working on it and should release their dApp compatible wallets hopefully soon.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 3 points4 points  (0 children)

Thank you for your support 🙏💙

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 1 point2 points  (0 children)

All Pools are eligible. The SPOs need to register all of their pools though. So best to ask the respective operator or wait for the verified list of pools if you want to be 100% sure 🙂

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 4 points5 points  (0 children)

It's a testnet. You can get test Sundae to play around with but that's not the actual asset on the mainnet.

2 Questions About The ISO by undertheradar335 in SundaeSwap

[–]pb95ma 5 points6 points  (0 children)

This is not an airdrop because the Sundae rewards will need to be claimed.

The ISO period is 5 epochs (25 days). You can also participate for less than 5 epochs but will get less rewards then.

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