 Welcome to the last set news. My name is Rob and on the heels of what's going on with the staking fiasco was the SEC stepped in and Essentially shut down the staking prospects for the US based crypto exchange Kraken we're gonna take a look at what the chair Gary Gensler is talking about and What this actually means for you? So the first thing is we have to take a look at what was the message yesterday that the chair Gary Gensler put out as far as Staking and how this is going to affect moving forward and we can really all find all the answers in what he talks about here in this video It's about three minutes long. Have you listened to it and we'll go over some details in the crypto markets There are various ways to validate data stored on crypto ledgers called blockchains and One of these ways is called staking investors lock up their tokens in escrow and help validate the next block of data and Some stakers are then rewarded with new tokens Staking though can be complicated and time-consuming and can take big upfront Commitments of tokens. There's also the risk that you won't get new tokens even if you stake Thus crypto entrepreneurs started offering what's called staking as a service. No not like the steakhouse Basically, if you transfer your tokens to a staking as a service provider They take control possibly pulling your tokens with thousands or millions of others while promoting returns Here's the rub when a company or platform offers you these kinds of returns whether they call their services lending earn rewards APY or staking That relationship should come With the protections of the federal securities laws. That means you The investor should receive important disclosures for example What do they actually do with your tokens? Are they really staking them? Are they lending borrowing or trading with them? Are they commingling them with their other businesses? Where do the rewards come from? Are you getting your fair share? Are the underlying crypto protocols genuinely creating value on your investment? Or are they just new tokens that dilute the value of ones you already have? Remember if you have a stake That's STEAK if you have a stake meant for two and cut it into three pieces. It's still the same amount of stake Unfortunately because these staking as a service providers generally are not Providing proper disclosures is currently no reliable way as an investor to know the answers to these important Investment questions plus when you sign on the dotted line or accept the terms of service You are generally agreeing that placing your tokens with these providers may mean Transferring your ownership to them. There's an expression in crypto not your keys Not your crypto you see you're basically an investor in their platform if it goes under and we've seen plenty of that recently You end up in line in the bankruptcy court. That's why it's so important that these Companies and platforms comply with the securities law after all the securities laws Regardless of what you think of stake or staking They're good for investors So before I go off on the deep end just talk about how wrong Gary is and demonize them and everything else if I understand Where he's coming from he's coming from the position of what happened with FTX with the co-mingling of funds And then I got to tell you on some of these platforms I started to have some of my questions myself as far as when you would take your crypto put them over there Were they really staking what they were doing? Would they really take that or were they rehypothecating were they putting it out there? And what were they doing so like in these situations? I can understand where he's coming from on that because were they really actually doing it Well, that's up to the SEC determine and then also if we take a look at some of the projects that are out there when he Talks about transferring your crypto into some other entity or to have somebody hold it for you or lock it up Where you can't take it out? That's another consideration actually What is going on behind the scenes and whether you love a theorem or or hate a theorem or whatnot There is a point where you had to you know fork over your theorem and get it locked up over there I'm not saying that it was what's Gary saying here. I'm just saying there are Different perspectives as far as what's going on with each different platform centralized platforms not a fan never agreed with that and also the different Types that are going on in the decentralized way. So whether you if you if you love Ethereum or hate card Ethereum or if you love criminal hate a card on you have to take a look at this There was a video put out by Charles Hoskinson head of IOHK who talks about this staking in regulation From which echoes the same sentiment I'm having here and again, whether you love Cardano or hate Cardano You have to tip your hat at how they did things with the staking prospect I did a video and this is it's kind of eerie because I did this this video This is like the updated one in 2021 from 2020 and I talk about this exact same thing in the very beginning as far as Lending your crypto out to these platforms and what they're doing behind the scenes and how dangerous that could potentially be so when you watch this video I'm gonna have to play it right now. It's a little longer. It's an 20 minutes plus I'll put some timestamps in but I want you to really think about what Gary talked about Rehypothecation how things are moving if they stay in your wallet or if you were giving them away to somebody else How to verify these things and I gotta tell you I think cardano knocked out of the park here with staking So just take a watch and also I want to address one of the biggest questions that I get about the Dnews stake pool Which is Rob? Why would I want to delegate to your stake pool when I just leave it on some type of Exchange or some of a brokerage and earn roughly around 5% and the answer is you can do that You can keep your cryptocurrency on all those exchanges and brokerage and that is fine That's actually quite easy The problem is is that when it's on those exchanges and those brokerage You are not in control of your cryptocurrency Which means that the way that you gain yield is not usually from staking It's usually from them giving it away or lending it out to different other exchanges or to different Institutions where they can of course, it's called Rehypothecation. They can short it. They can lawn they can do whatever they want to it and also Based on the terms of service videos that we've done and we've done multiple Videos on that that they're not responsible if something happens to your crypto any kind of hack or anything That's that is missing lost or stolen. So just be aware that They are in control of your crypto and you are not and that's what makes the Cardano staking pool so Attractive because you want to control your cryptocurrency never leaves your wallet and that means that it is your keys and your crypto So that hopefully will answer that question again. You can do whatever you want to but this also helps to secure the network So what we're gonna do today is just go through Different things that we talked about we're start with proof of work verse proof of stake the D news rewards an epic cycle Eight a staking verse E 2.0 staking fees the dead list wallet How to stake with dead list you'll ruin a delight and then also what separates us from I think a lot of different Stake pools is the cherry called Kiva So let's just jump right in and get into and start off with proof of work verse proof of stake So let's break it down to the basics POW system or proof of work system is the kind of Bitcoin uses where a a bunch of computers solve complex math problems And they get a 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 D news Which is up and online 24 seven three sixty five So there's a never a chance you won't miss out on rewards now as far as rewards expect to receive Approximately four to six percent 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 a 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 lock up 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 D news staking pool also stake pools such as D news 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 D news is that there are no Slashing penalties with a 3m 2.0 You could get a slashing penalty or have part of your steak teeth reduced Taken away or just simply burned for errors on the validators 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 D news as we have again 24 7365 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 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 D news 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 other pools may charge more But we charge the absolute bare minimum the D news stake pool margin fee is five percent That means if you make one hundred eighty eight and the rate to the D news pool is five eighty eight now Some charge more and some charge less and 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 D news 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 Thousand so if we have 340 delegates that means that each person will pay 180 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 a thousand ADA with the D news stake pool That would mean that you would make between 40 to 68 a per year because that is the industry average between Four and six percent for the rewards. So these are your rewards 40 to 60 So we are not charging five percent on what you stake, which would be five percent of a thousand We are charging five percent of your rewards So that means that if you earn a 40 to 60 ADA so somewhere around there That means that the staking or the fee would be only two to three ADA that you would have to pay and that is essentially it so Now I'm gonna do is I'm gonna show you how easy it is to stake with the D news pool I'm gonna use the dead list Yoroi and ADA light wallet And this is our official website for the D news 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 got a nice little little effect there There's everything about be news about what we just talked about owner pledge or my pledge is gonna be seventy-five thousand Transparency and then you can check everything here as far as like 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 ninety-nine point nine percent 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 is a third generation blockchain what they plan to do and everything else in between pretty good It's kind of long about an hour So you get sure you can check the roadmap here the Cardano org IOH K which is actually what the the building part and a mergo, 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 as precise and honest and open as I possibly can and That is I think why you're here also with with the website to down teaches crypto calm just a regular website That is a hundred percent 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 that'll is your Roy and 88 light 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'd 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's 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 is going to be and Again, it is a its own separate business. Alright, 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 D news pool With these wallets so you can't have your ADA token 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 there's 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 and some settings We're gonna click on this little icon right here Looks like a little square and it's gonna have delegation center stake pools rewards and info And of course, this is our Cardano current Cardano epic Remember those are every five days next one epic is that another four days? So that is just what it is for right now So so all I do is go to stake pools and I'm gonna search for the stake pools I'm gonna put in the news 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 gonna do is I'm gonna click on D news Give us all the information the official staking pool of digital asset news power of Microsoft reserve Same thing we just talked about the rank the pool margin the pledge and all like this stuff We're gonna delegate to this pool and so the guys gonna pop up wallet selection stake pool delegation continue So we're gonna select a wallet and remember it's pretty much all or nothing So you can have multiple wallets and 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 gonna delegate a whopping 21 ADA I'm gonna click continue and it's gonna 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 It used to be around 205 million for the Cordano 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 D news we have D news one with a rating of 433 news to which we just started up about a month ago at 556 you'll notice that D news one has the bar right in the middle as does D news two At 586 with the bar right in the middle. So what is going on here? Well? What we have here is that for our D news 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 two or nine thousand and eight Ada and our saturation point is forty six point eight percent On our D news two we have almost fifty hundred 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 forty two and a half percent So why do 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 were 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 over saturation So right now as it stands you can safely delegate to D news one or D news two and we are only at fifty percent 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 The ADA or Ada delegations become more than what is allowed you start to have people lose rewards Like it what is happening right here with with this state 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 deadless wallet to stake into the D news so we're gonna click on continue And there's always a fee of course a little bit zero point one seven. That's not for us That's the Cardinals fee. We're gonna type our spending password again. Do not give this up to anybody This is your spending password kind of like your private key So I'm gonna put this in I'm gonna stop the video click confirm and wallah We are done stake from the wallet is now delegated D news 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 deadless 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 gonna click on that and it's super simple. I'm gonna go to delegation list I'm gonna search by ID. I'm just gonna put in the news and Click search and there it is. So I'm gonna click on delegate So now I'm gonna delegate this wallet to D news stake pool So it's pretty much all or nothing See there 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 it's gonna put 19.8 There's fees for on the current network, which is already put in I'm gonna put in my spending password again Do not give this to anybody and I 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 when click on dashboard page And this is where for in the in the Yorai you can check everything out So that is it for Yorai 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 current network. So here we are on the 88 light wallet. So up here obviously I'm gonna 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 D news all they 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. We're just gonna copy this And then we're gonna 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 D news one ID and the D news two ID and again as a reminder It doesn't matter which one you stake to D news one or D news 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 pull info D news 5% everything else there So the fee of course is for a cardano That is just one of those fees that they have and we're gonna simply click on delegate So pool ID digital asset news D news ticker fixed costs all those things we talked about and confirm transaction And it's gonna sink the wallet and then here we go and don't be alarmed the delegate stake We'll always go back to the default ADA light But if you see the staking 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 D news and everything else right there Unless I want to mention this if you go back to the website and go up to about D news There's a link right here as far as transparency when you click on this This will show it go you to 88 pools org and it will show you exactly how the pool is actually doing over time So you can take a look out here as far as performance blocks reward 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 D news stake pool So under transparency, we have D news one and D news two if you click on D news one You can that and it'll take you to what is going on with D news 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 percent again pretty great considering that the industry averages 4 to 6 percent and the return on a lifetime is 5.57 so again doing our job doing great things and lastly a couple more piece of information to go over if you go to Dan teaches crypto comm and then on the very top it'll say Cardano staking pool and of course this is the the site we're all we're going to when you scroll down There's two piece of information that we added in which is the saturation level So just like we saw with pools dot PM when you click on view You can check take a look at the saturation love for D news one and D news 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 D news one here and then D news 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 I this is the the direction We are going to go with this pool now for the description of both of our pools It says again, you know, this is the official staking pool in the last of news power max of a zero But this last sentence is super important and it talks about the proceeds given every eight 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 you can break this down into you know women's shelter arts agriculture Education tech health water refugees, whatever else you want to and we've already donated up to five hundred dollars for this cause and again, this could be anything from like, you know, somebody in Nicaragua who needs to buy more rice for their for their shop or somebody who in and 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 a dollar fifteen. That's about a hundred fifteen dollars But in the future Cardano could be, you know, three dollars or five dollars or ten dollars. So it just depends So this is what we are doing and moving forward. So just know that if you are staking to D news 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 it'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 I hope that made sense. So look today. I'm gonna go into a deeper dive into what this means for The crypto markets in general What's going on with staking as far as like with centralized actors and decentralized actors and go from there But that'll be a video later today I want to kind of put this out just to have people think about the way in which things are being staked right now and You know how these things are actually going to affect us moving forward, but that's it for today So look like today's video give it a thumbs up All the things that we talked about are extremely time-sensitive as you can see right there and that is it So thanks so much for stopping by appreciate you and I'll see you on the next one