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Single Stake Pool Operator Incentive Program

Empowering Cardano's Decentralization

At Danogo, we're committed to fostering true decentralization within the Cardano ecosystem. To support this vision, we are introducing the new incentive program: “Danogo Staking Bond for Single Stake Pool Operators”. This program is designed to incentivize borrowers who borrow staking rights on Danogo and stake them to pools of single stake pool operators (SSPOs) with less than 2 million ADA. By participating, borrowers can support single stake pool operators and encourage a more distributed network of validators while offering additional benefits to our users.

Program Details

Program Name: Danogo Staking Bond for Single Stake Pool Operators.

Incentive: Borrowers will receive a reward of 4 DANO for every 1000 ADA borrowed and staked per epoch.

Objective:

  • Promote decentralization in the Cardano network. A more decentralized network is a more secure and resilient network.

  • Support small single stake pool operators (SSPOs) to achieve enough stake to consistently produce blocks.

Eligibility Criteria

To be eligible for the incentive, borrowers must meet the following criteria:

  1. Borrow Danogo staking rights from July 15th, 2024 (UTC).

  2. Stake the borrowed staking rights to one of the verified single operator stake pools.

Verified Pools of SSPOs

The following Pools of SSPOs with less than 2 million ADA are eligible for the incentive program can be found here: https://danogo.io/single-pool-operator. New Single Stake Pool Operators that are not on the list can contact us on our Discord channel to be added!

Reward Calculation

The reward will be calculated based on the amount of ADA borrowed and staked at the verified SSPOs every epoch. The borrowers will receive 4 DANO tokens for every 1000 ADA borrowed and staked per epoch

Example:

  • If you borrow 5000 ADA and stake it to a verified SSPO, you will receive 20 DANO (5000 ADA / 1000 ADA * 4 DANO) per epoch.

This incentive program can run concurrently with other incentive programs. This means participants can receive rewards from multiple programs simultaneously.

Step to claim DANO token rewards

  1. Visit the Danogo platform and borrow staking rights using our Danogo Staking Bonds.

  2. Choose a stake pool from the verified list that has less than 2 million ADA.

  3. Delegate your borrowed ADA to the chosen pool.

  4. Claim  your DANO rewards every epoch based on the amount borrowed and staked here: https://app.danogo.io/incentivized-program-claim.

Terms and Conditions

  • The incentive program is subject to change based on the network conditions and Danogo's discretion.

  • Rewards are distributed based on the accurate staking amount at the end of each epoch.

  • Danogo reserves the right to update the list of verified SSPOs periodically.

  • Borrowers must ensure they follow the correct staking process to be eligible for rewards.


Join Us in Strengthening Cardano

By participating in this program, you're not just earning rewards – you're playing a crucial role in making Cardano more decentralized and robust. Together, we can build a stronger, more distributed network that truly embodies the principles of decentralization.

Start borrowing, staking, and earning today with Danogo Staking Bonds!

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