 Welcome to Digital Asset News, the guitar stories and cryptocurrency and digital assets and break them down to bite-sized pieces. So today I just wanted to give a quick update about what is going on with the DNews Cardano staking pool. And you don't have to watch the entire video if you've already seen it, where we talk about how to stake, how it compares to Ethereum versus Cardano staking, how to use the three different wallets, which is Daedalus, Yoroi, and Adalight. If you want to watch all that, then of course you haven't seen it, go ahead and watch it. But for this one, I'll just tell you exactly what's going on. There's just a couple of pieces of information I have to put out, which is the first piece is that the Cardano Foundation has decided not to decrease the maximum saturation point from 63 million ADA per staking pool down to 22 or 23 million. So that means that we have now two staking pools that you can stake to. One only has 30 million and the other one has around 27 million. So we have plenty of space to where you can stake to the DNews Stake Pool and not run into oversaturation and reduce the chance of getting rewards. The second thing is that we are going to be donating 100 ADA every epoch, which is every five days to the organization of Kiva.org, which are microloans, which we go into detail at the very end of this video. So those are the two things that are going on. If you've already staked to DNews, first of all, thank you. I appreciate it. And second of all, if you've already watched the video and watched anything else, that was just the big update. Had to put that out. So thanks. Let's jump into the actual video. It's all about the Cardano Staking Pool that we started all the way back in December of 2020. And we need to do an update video, just to talk about some different changes, how we've actually become saturated in DNews One and how to start to stake to DNews Two. So we're going to marry together what we talked about in the beginning, in the first video, and to some different things, as far as the advancements of what's going on right now. So of course, we're going to talk about proof of work versus proof of stake as far as that relates to Cardano. Some reward expectations, what you're going to be expecting as far as when you stake with the DNews Stake Pool. What is an EPIC or an EPOC? I know some people say, well, it's EPIC or it's EPOC. Look, Charles Hoskinson says EPIC. I will say EPIC, and that is that. And then we're going to talk about the difference between Cardano staking versus Ethereum 2.0 staking and why, in my humble opinion, I think Cardano really knocked out of the park and makes things a heck of a lot easier. And then lastly, we'll follow up with how to use three different wallets to stake to the DNews Stake Pool. So we'll take a look at the Daedalus Wallet, Yoroi, and ADA Light, and I can show you just exactly how easy it is. So let's jump right in. So let's break it down to the basics. A POW system or proof of work system is the kind that Bitcoin uses where a bunch of computers solve complex math problems and they get reward, which is more Bitcoin. Now, Cardano is different. Cardano uses a proof of stake system, which is like a lottery, and each ticket is one Cardano token. So the more tickets you have, the greater chance you have to win the lottery prize. And that prize is the opportunity to validate a block and add it to the Cardano blockchain. When you win this opportunity, you must be online at the exact time of winning, or else this opportunity will go to the next Cardano holder and you could miss out on the chance to claim that reward. Or you could simply delegate to a stake pool like DNews, which is up and online 24-7, 365, so there's never a chance you won't miss out on rewards. Now, as far as rewards, expect to receive approximately 4-6% annually, which really, I mean, it's pretty good for just delegating. Now, rewards are paid out every epic and a Cardano epic is every five days. Your initial delegation stake may take about two to three epics to receive rewards, which is like 10 to 15 days. But after that, expect your rewards every single epic. Now, to clarify this point, there is a nice little graphic that I like to use called the delegation cycle. And it really depends on when you start to delegate. So if it's at the very beginning of an epic at like, let's say, 213, it will take you a while to start to receive those rewards. If you stake at the tail end of a particular epic, then it'll be a little bit shorter. So just so you know, that is exactly how these things work out. Now, delegating your Cardano does not put your ADA at risk as your Cardano stays in your wallet. Your Cardano is absolutely not locked up. You can un-stake at any time and you're free to move. So there's no lockup time frame or anything of that kind of nonsense. Also, there's no minimum requirement to stake and you can add or remove your Cardano at any time for staking at the DNews staking pool. Also, stake pools such as DNews are trustless, which means that we don't receive your rewards and then disperse them to you. Actually, what happens is a Cardano protocol determines your rewards and pays out automatically directly to your wallet. Another great benefit of Cardano staking and choosing a stake pool such as DNews is that there are no slashing penalties. With a 3M 2.0, you could get a slashing penalty or have part of your staked ETH reduced, taken away, or just simply burned for errors on the validator's part. And this could be intended or not intended. So this actually does not happen on the Cardano network. And this is why we're excited to be staking on it. Now, the worst that could happen is that she won't be rewarded for a block. But even that won't happen here at DNews as we have again 24-7, 365 monitoring by Rafana and Kubernetes through the Microsoft Azure, which is enterprise class, it's highly secure, and it's proven as one of the most reliable sources, which is why we picked it. Now, it's pretty expensive to run on it, but it's one of the ones or the best ones out there. And it's why we went in that direction. Now, there's two fees for the DNews Stake Pool. There's a 340 fixed fee, which is mandatory by the Cardano Foundation for all pool operators. This is automatically taxed from all the rewards that the pool collects. So this fee is spread out over the entire pool. Now, some of the pools may charge more, but we charge the absolute bare minimum. The DNews Stake Pool margin fee is 5%. That means that if you make 180 A, then the rate to the DNews pool is 580 A. Now, some charge more and some charge less, but with our platform, reliability, uptime security, and competitive fees, I think we have a great choice for you to stake your Cardano. So let me break down these two fees in further detail. So we're talking about the 340 fixed. That is between all of the delegates for the DNews Stake Pool. So that would be pretty expensive if it was just one person who had to pay the whole 340, but thankfully in our Stake Pool, we will have thousands of people and that 340 ADA fee will be dispersed among thousands. So if we have 340 delegates, that means that each person will pay one ADA. If we have 680, that means that only pay half an ADA and on and on down the line. Now, as far as the 5% fee, let me break that down even further. So if you staked 1,000 ADA with the DNews Stake Pool, that would mean that you would make between 40 to 60 ADA per year because that is the industry average between 4% and 6% for the rewards. So these are your rewards, 40 to 60. So we are not charging 5% on what you stake, which would be 5% of 1,000. We are charging 5% of your rewards. So that means that if you earn 40 to 60 ADA, so somewhere around there, that means that the staking or the fee would be only 2 to 3 ADA that you would have to pay and that is essentially it. So now what I'm going to do is I'm going to show you how easy it is to stake with the DNews Pool. I'm going to use the Daedalus Yoroi and ADA Light Wallet. And this is our official website for the DNews Staking Pool. And real quick, let me just walk you through it. So up top, let's click on home. Let's go to the very top, the very top of the page. Of course, when you scroll over, it got a nice little effect there. This is everything about DNews, about what we just talked about. Owner Pledge or My Pledge is going to be 75,000. Transparency, and then you can check everything here as far as ADA pools and just take a look at what the pool is actually doing, how well it's performing, everything else. Fees and reliability on Microsoft Azure. Kubernetes with 99.9% uptime for max blocks minting. And then there's a little snippet here about Cardano itself. This is a nice little video from Charles, where he goes into details about what Cardano is, why it's a third generation blockchain, what they plan to do, and everything else in between. Pretty good, but it's kind of long, about an hour or so. You can check the roadmap here, the Cardano.org, IOHK, which is actually what the building part and a Murgo, which is the enterprise arm of Cardano. So just take a look at that. And then this is just a quote that I feel this is why I did do the things that I do. And it's because trust is a currency you can't buy. You've seen on this channel that when I talk about things, I try to be as precise and honest and open as I possibly can. And that is I think why you're here. Also with the website at DanTeachersCrypto.com, just a regular website that is 100% free. I don't charge anything for that. I want people to come in here and learn all about cryptocurrency assets. And this is just what I feel should be done at this time. So then moving down, here's where we have the staking wallets, Daedalus, Uroi, and ADA Lite. And you can secure links here. So there's no confusion as to where you can actually get them. These are the ones that I've tested out. These are the exact websites and places you can go to download these three wallets. So there is no scamming going on, which I always hate. So just check those out. And then moving forward down, this is the exact same video we're talking about here, how to stake some FAQs. And then this is how we compare to other pools. Now, in all honesty, starting up a stake pool, I thought it would be a lot easier, but it is a lot of work. And there's a lot of things going on, a lot of moving parts. And really, it is its own entity. It is its own business. So if you're out there looking at pools and you don't see them kind of like treating this as a legit business, then be a little bit leery because over here, I can see exactly how much work it's going to be. And again, it is its own separate business. All right, so let's go up here and let's show you how easy it is to stake with all three of the most common Cardano wallets out there, the Daedalus, Yoroi, and ADA light wallet. Now, just a quick note, you can only stake your Cardano to the DNews pool with these wallets. So you can't have your ADA tokens sitting on exchange and stake from there to our pool, actually any pool, it's not really how it works. So again, if you need to download a wallet, just choose one of these three. They're all solid choices. The Daedalus wallet makes you download the entire Cardano blockchain, which takes a bit, but the Yoroi and ADA light wallets do not. So that's an option for you. Okay, let's start with the Daedalus wallet. And I'll show you exactly how easy it is to stake using this wallet. All right, great. So here we are in our Daedalus wallet. This is our demo wallet. So very easily on the left hand side, you got your wallets, ITN, some settings. We're going to click on this little icon right here. Looks like a little square. And it's going to have delegation center, stake pools, rewards and info. And of course, this is our current Cardano Epic. Remember, those are every five days. Next one on Epic is another four days. So that is just what it is for right now. So, so what I want to do is go to stake pools. And I'm going to search for the stake pools. I'm just going to put in DNews. And there we are. Of course, we're not doing so hot right now because we are brand spanking new. So we're waiting for everybody to come on in, but this will all change. So I'm going to do is I'm going to click on DNews, give us all the information, the official staking pool of digital asset news, power of Microsoft Azure. Same thing we just talked about, the rank, the pool margin, the pledge and all that good stuff. We're going to delegate to this pool. And this little guy's going to pop up, wallet selection, stake pool, delegation continue. So we're going to select a wallet. And remember, it's pretty much all or nothing. So you can have multiple wallets in Daedalus, but whatever you choose will be, it's going to be the entire amount of what you delegate. So for this one, I'm going to delegate a whopping 21 ADA. I'm going to click continue. And it's going to say, do you want to do this? Of course, yes. So just so you know, these other pools right here, the one, two, three, four, five, these are the top pools that are there. But if you see the little bar right there, that green bar, that means that they're saturated. And when they're all the way full, that means that there is the limit of 63 million. Now it used to be around 205 million for the Cardano saturation point, but they reduced that to 63 million. And past that point, you get diminishing reward. So I would not recommend to sign up for any pool that is already saturated. We monitor all that. If we become saturated, we will let you know in advance and we will start up in another pool. And that day is today. Today it is March 23rd, 2021. And we now have two stake pools for DNews. We have DNews one with a rating of 433 and DNews two, which we just started up about a month ago at 556. You'll notice that DNews one has the bar right in the middle as does DNews two at 556 with the bar right in the middle. So what is going on here? Well, what we have here is that for our DNews Stake Pool one, we have over almost 1600 delegates or people who have delegated to our stake pool. And we have almost over 30 million 209,008 ADA. And our saturation point is 46.8%. On our DNews two, we have almost 1500 delegates or people who have delegated to our stake pool at over 27 million ADA being staked to this particular pool with a saturation point of 42.5%. So why did we make two stake pools we didn't need to? Well, it's quite simple. At the end of March, the Cardano foundation was going to reduce the amount of ADA per stake pools from at the beginning, it was over 200 million and went to 63 million, which is what is that currently? And they're going to reduce that from 63 million to only 32 million at the end of March. So we decided we would be proactive and create two separate stake pools. So there was no oversaturation. So right now, as it stands, you can safely delegate to DNews one or DNews two, and we are only at 50% saturation at both of these different pools. So the question then is, well, what will happen if you stake to a pool that is oversaturated or over the 63 million allowed ADA per stake pool? Things like this will happen where once the ADA or ADA delegations become more than what is allowed, you start to have people lose rewards, like what is happening right here with this stake pool. We do not want that to happen. So we're trying to be proactive before these issues come about. And that's what's best for everyone so that nobody loses any rewards. All right. So that takes care of that piece. Let's continue on with the video where I can show you how to sign up for the Daedalus wallet to stake into the DNews. So we're going to click on continue. And there's always a fee, of course, a little bit 0.17. That's not for us. That's the Cardinals fee. We're going to type our spending password. Again, do not give this out to anybody. This is your spending password, kind of like your private key. So I'm going to put this in. I'm going to stop the video. Click confirm. And voila, we are done. Stake from the wallet is now delegated to the DNews stake pool. And just like we talked about, sometimes it takes, you know, two epics or three epics to really start to get everything moving. And this is exactly what it says. In nine days, one hour, 40 minutes, that's when you can expect everything to really get moving. And that is as easy as it gets. So that's a Daedalus wallet. Let's move over to the Yorai wallet. So here we are on the Yorai wallet. This is my Yorai demo. I'm just going to click on that. And it's super simple. I'm going to go to delegation list. I'm going to search by ID. I'm just going to put in the news and click search. And there it is. So I'm going to click on delegate. So now I'm going to delegate this wallet to DNews stake pool. So it's pretty much all or nothing. It's either the total amount or no amount. And you can break up your wallets. You can create the wallets if you don't want to do the whole thing and do that that way. But for this one to make it simple, I'm going to put 19.8. There's fees for on the Kodano network, which is already put in. I'm going to put in my spending password. Again, do not give this to anybody. And I'm going to click on delegate. Great. And it's already done successfully delegated. Track the status of the stake pool and the amount of time remaining to receive reward for the dashboard from the dashboard page. And click on dashboard page. And this is where in the Yoroi you can check everything out. So that is it for Yoroi. Pretty easy. Again, you can add as much as you want to take it all out on stake, whatever you want to do. That's the beauty of the Kodano network. So here we are on the ADA light wallet. So up here, obviously I'm going to click on staking. So one thing you'll notice is that the default stake pool is the ADA light stake pool. So if you want to get to DNews, all you have to do is first of all wipe this away. Don't need this. We need the stake pool ID. And to make this very simple, I actually put this right underneath the ADA wallet ID where it's going to copy this. And then we're going to come over here to ADA light and we're going to paste it. And then also as we talked about, if we look over on the ADA light wallet, we see the DNews one ID and the DNews two ID. And again, as a reminder, it doesn't matter which one you stake to DNews one or DNews two. There's no risk of being oversaturated right now. We're only at 30 million and the max is at 62 million. So now let's finish up delegating to the ADA light wallet. Getting pool info DNews 5% everything else there. So the fee of course is for Kodano. That is just one of those fees that they have. And we're going to simply click on delegate. So pool ID, digital asset news, DNews, ticker, fixed costs, all those things we talked about and confirmed transaction. And it's going to sync the wallet. And then here we go. And don't be alarmed. The delegate stake will always go back to the default ADA light. But if you see the stake in rewards history in the left hand side, you can see that the pools digital asset news also over on the right hand side, current delegation, ticker DNews, everything else right there. And lastly, I want to mention this, if you go back to the website and go up to about DNews, there's a link right here as far as transparency. When you click on this, this will show it go you to ADA pools.org. And it will show you exactly how the pool is actually doing over time. So you can take a look at here as far as performance, blocks, rewards, delegators and about. Of course, we are new right now. So we will definitely be growing. And this is the place to check all it out. And now as an update, we've added a couple more pieces of information so you can stay up to date with what is actually going on with the DNews stake pool. So under transparency, we have DNews one and DNews two. If you click on DNews one, that and it'll take you to what is going on with DNews. And one thing I want you to pay attention to is the return on ADA, which is monthly. And we are, we are right now garnishing 5.47%. Again, pretty great considering that the industry averages 4 to 6%. And the return on ADA lifetime is 5.57. So again, doing our job, doing great things. And lastly, a couple more pieces of information to go over. If you go to danteagescrypto.com, and then on the very top, it'll say Cardano Staking Pool. And of course, this is the site where we're going to, when you scroll down, there's two pieces of information that we added in, which is the saturation level. So just like we saw with pools.pm, when you click on view, you can take a look at the saturation level for DNews one and DNews two, and just take a look and make sure that they are not saturated. Again, maximum is 63 million. We are definitely under that. So we've got DNews one here, and then DNews two, and we're looking pretty good. So you can always be up to date with what is going on. So that is the first part. And you can always, of course, find that right here, as far as the transparency as well. And then the second part, which is a major change, and this is the direction we are going to go with this pool. Now, for the description of both of our pools, it says, you know, this is the official staking pool in DLASA News, PowerMax of Azure. But this last sentence is super important. And it talks about the proceeds given every epic to help the global unbanked through kiva.org. What are we talking about here? Well, what is going on with is that every epic, we are going to be giving these what's called micro loans to the organization of Kiva. And the reason why we're doing this is because when we give the charities, we never really know what it's going, but with micro loans, we can give this to pretty much anybody we want to throughout the entire world for the underserved and unbanked. So you can break this down into, you know, women, shelter, arts, agriculture, education, tech, health, water, refugees, whatever else you want to. And we've already donated up to $500 for this cause. And again, this could be anything from, like, you know, somebody in Nicaragua who needs to buy more rice for their shop, or somebody who in Kenya needs a water pump for their business. But again, these are micro loans, and this is what we're doing every epic. So we'll be giving 100 ADA every epic. Now, we have to exchange that for dollars. So, you know, today, Cardano is worth about $1.15. So that's about $115. But in the future, Cardano could be, you know, $3 or $5 or $10. So it just depends. So this is what we are doing and moving forward. So just know that if you are staking to DNews, there is a much bigger purpose for what we are doing here. So again, this is Kiva.org and you can find the link for that, this website and all my YouTube videos you can also find on the web page. And the great thing about Kiva.org is that it's been around for over 14 years. And the person that founded it was the one of the founders of PayPal. So that's a very structured place. It's been doing good for a very long time. And we're happy to be a part of what is going on here to make the world just a little bit better. All right. So that's it. I mean, super simple. Like I've shown a lot of people how to do it personally. Very simple process. I think Cardano makes it super easy to do, much easier than Ethereum 2.0. That's just my opinion. And there's just a couple of things, just to make sure that you know that if you're going to use a Daedalus wallet, just know that it's the entire blockchain that you're going to have to download. So it takes a little bit more time. But me personally, I like the Daedalus wallet more. I feel it's the most secure. It's the easiest to use. It's got the easiest interface. I know it's just there and it works. So that's the one that I'm going to use. You can use ADA Lite and Yoroi to download the whole thing. It's faster. Just I don't really like using them, but it's up to you. And then also two things. Make sure that you write down your mnemonic phrase and keep it someplace safe. You don't want to be like me who lost 20,000 ADA because I had it in a piece of paper somewhere in some folder. I have no idea where it is now. So if you're going to write something down, write it someplace that you know where it is, I recommend a stonebook. Link's in the description. I've got two myself. I got all my passwords, all my mnemonic phrases. And I've got two of them as a backup. And lastly, just make sure that you have your spending password. So when you get all these rewards, you're able to do something with it. And that is it for this video. Hopefully you'll consider staking with DNews now to DNews 2 with a second staking pool. And that is all. So thanks so much for watching. See you on the next one.