 Welcome to Jalassette News, the top stories in Cryptocurrency Jalassets, and bringing on a bite-sized piece. So today, we're not talking about the news. 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 1 and how to start to stake to DNews 2. So we're going to marry together what we talked about in the beginning, in the first video, into 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 like 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, you know, 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, Yolroy, and ADA Lite. And I can show you just exactly how easy it is. But just to preface, we had to make this video because the first Cardano staking pool for the DNews is going to be at saturation point because they're going to reduce the amounts that are available into each staking pool from $63 million to $32 million. And then lastly, before we break in, this is the webpage I'm referencing when I talk about this in the video. This is over at bandheatscriptly.com. You can find this specific page in a couple of different ways. First, if you're on YouTube, you can just scroll in the description. And down here, let's say Dan Cardano Stake Pool. And there will be a link, which will lead you right to that webpage. Or you can always go to danteachescrypto.com. And then in the menu section, home, sign up about reviews, blog, contact, and then AVA Staking. When you click on that, it'll take you right to this exact page. So without further ado, let's jump into the video. 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 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 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 46% 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 unstake 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 stake teeth 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 Grafana 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 180A, then the rate to the DNews Pool is 588. 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 180A. 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 Dedalus 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. There's everything about BNews 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 Amorgo, 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 DanTeachesCrypto.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, Yoroi, 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 a 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 to an 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 going to 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 going to do is I'm going to click on the news, 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 of 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 and deadless, 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 rewards. 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. It is February 19th and I am updating this video. And we are almost at saturation point. If you take a look at the DNews 465, you'll notice that that bar is right in the middle. So if we take a look at pool.pm, which is a graphical interface to see what's going on with the DNews state pool, you'll notice that as of current, we have 32 million 684,798 ADA delegated to the DNews state pool, which is the DNews one. And that is 50.8% saturation. So why am I bringing this to your attention right now? It is because at the end of March, the Cardano foundation is going to reduce the maximum supply that you can have in any one state pool to only 32 million. So instead of waiting for everybody to get to that point in March, we're being proactive and telling everybody to not stake to our first DNews state pool because we want to make sure that everybody has a chance to get the maximum rewards. And what will happen if you don't do that and we become oversaturated, 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 state pool. We do not want that to happen. So we're trying to be proactive before these issues come about. So when you're going through the process of delegating to the DNews state pool, make sure you look for the one with the least amount of delegates or that is minimally saturated. Like in this example, it's DNews 523 and you see the bar is very low. And this is on the dead list wallet. When we get to the Yoroi and ADA light, you will see which ones they are because we will have it labeled as far as like the DNews 2. And then you can see which ones are saturated and not. And that's what's best for everyone so that nobody loses any rewards. Alright, 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 dead list 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 want 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 DNews state 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 dead list 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 state pool. So it's pretty much all of nothing to 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 going to buy 19.8. There's fees for on the current network, which is already put in. I'm going to 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 state 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 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 you're 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, we're just 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 of course that is the one, the DNews two ID is the one that has the least amount of delegates. So there is no risk of oversaturation. So we ask you to use that second ID if you want to stake to the DNews stake pool. So now let's finish up delegating to the ADA light wallet. Getting pull info, DNews, 5%, everything else there. So the fee of course is for Cardano. That is just one of those fees that they have. And we're going to simply click on delegate. So pull ID, digital asset news, DNews, ticker, fixed costs, all those things we talked about, and confirm 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 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 DNews and everything else right there. And last 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 go you to ADApools.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 that 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 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. If we go back and take a look at DNews two, there's not really much going on right now because we just started this up about a week ago, but we've already have almost 6 million as far as a live stake. And remember, we can only take a maximum of 31 million. So on top of that, we also added in two more pieces of information that you will need to know. The first one is the DNews one saturation level where we can take a look at that, which is what we've seen before with the pool.pm. And there is what is going on as far as 32 million plus ADA and over 1500 delegations. And if we go back, we can also take a look at the DNews two saturation level by clicking on that view link right here. And we can see that yes, we almost have, wow, almost 6 million and saturation is at 10%. So these are two pieces of information you can use. And just by going to www.DanityJustCrypto.com and then clicking on the Cardano stake pool, or there's a link in the description of all the videos that we do. 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 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 stone book. 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. So 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 in the next one.