ADAOZ is now a SundaeSwap ISO stake pool. The SundaeSwap ISO is coming and it's now your chance to start preparing to get your SundaeSwap tokens.
Updated: 23rd Jan 2022
We are now a SundaeSwap ISO pool. You can delegate to ADAOZ and receive SundaeSwap tokens.
Please see the latest announcement in regards to the ISO pools.
The SundaeSwap team have released the details in regards to when the decentralised exchange will launch and when the Initial Stakepool Offering (ISO) will start.
The key dates are as follows.
20th Jan 2022: SundaeSwap DEX Launches on Mainnet
25th Jan 2022: The first snapshot for Sundae token distribution is taken. You must have your ADA delegated to one of the SundaeSwap Scooper pools by this date. 25th Jan 2022 9:45 pm. If you miss this date, you will miss the first distribution round of ADA.
The ISO will continue for another 5 epochs.
Each epoch will distribute 20M Sundae tokens.
The amount of Sundae per ADA will depend on how much ADA is staked for distribution at those snapshots.
You can find out more about the official announcement on the SundaeSwap Medium post.
If you have not yet chosen a pool to delegate to, now is the time to investigate and determine which pool you will want to delegate to.
After the ISO ends, we invite you to come back to our stake pool.
If you have not yet experienced what it is like to interact with SundaeSwap, this is your chance to familiarise yourself with the DEX on Testnet using test ADA. That way you will be ready and not confused when it comes to launch.
SundaeSwap is one of the promising decentralised exchanges that is launching on the Cardano blockchain. Having expressed their solutions and critical thinking behind what is required to create a DEX that works on a UTXO based blockchain, we're positive that SundaeSwap will be one of the top-performing DEXes on Cardano.
With the final pieces coming online, such as the Plutus Application Backend (PAB), for Cardano smart contracts to be fully operational for various decentralised finance solutions and decentralised exchanges (DEX) we'll see DEXes such as SundaeSwap finally start their Initial Stake Offering to start distributing their DEX protocol tokens.
There has been much anticipation for the SundaeSwap ISO and the details for the solution for their DEX have been announced along with all the details around their ISO so you can get your SundaeSwap tokens.
This blog post will answer everything you need to know about how to get SundaeSwap tokens, what they are for and everything you need to do to prepare for the upcoming SundaeSwap ISO.
If you're interested in the technical aspects of their decentralised exchange and their solution, please read their latest article on their SundaeSwap's concurrency solution & their Scooper model.
The SundaeSwap team have decided to distribute their tokens for their decentralised exchange via an Initial Stake Pool Offering (ISO).
The SundaeSwap ISO will distribute tokens to delegates that have staked their ADA to various different pools that have been shortlisted and voted upon by the community.
ADA Holders that wish get obtain SundaeSwap tokens will participate in the ISO by delegating to these stake pools and be rewarded in ADA as per Cardano protocol and in SundaeSwap tokens.
You can read more about the SundaeSwap ISO from their Medium blog.
The final list of stake pools for the ISO have been selected and can be seen on the official medium post by the SundaeSwap team, Meet Your SundaeSwap Scoopers.
A great tool by the community from PoolPeek.io has been created to filter down the stake pools by single stake pool operators and with low saturation.
You can see a full list of pools here too: https://poolpeek.com/#/sundaeiso
At the time of writing this article, there are 84 stake pools to choose from.
In comparison, MinSwap had 25 stake pools that are offering MinSwap tokens for their delegates that are staked to the partnered MinSwap pools and Meld had 10 stake pools that offered Meld tokens and had over 650M ADA delegated to their pools.
The ISO will start on the 25th of Jan 2022 at 9:45 pm UTC
The SundaeSwap ISO will last for 25 days over 5 epochs.
Afterwhich the pools that are offering the ISO rewards will simply be supplying the SundaeScooper rewards, rewards specific to running the code required to operate and decentralise their decentralised exchange.
In total 100M Sundae tokens will be distributed which is 5% of the public tokens.
1% being distributed every epoch (5 days) for 5 epochs (total 25 days).
At this moment, the team have decided to distribute SundaeSwap tokens at the end of every epoch. This may change.
Based on the amount that is staked, 1% will be divided amongst all the delegates to the SundaeSwap ISO stake pools.
You will have to interact with a smart contract or a faucet to release your tokens to your wallet.
MinSwap is in the process of rolling out its smart contract for its equivalent ISO. Here are the instructions of how they are doing it: https://medium.com/minswap/how-to-claim-fiso-rewards-b348e21ef69e
55% of the SUNDAE supply will go to the public, with 5% of the total supply distributed to Initial Stake Pool Offering (ISO) participants among 5 epochs (1% every epoch).
SUNDAE Allocation
2 Billion SUNDAE tokens will be minted at the inception of the DEX and will become available slowly over a period of time as the protocol matures.
Unlike other stake pool offering events such as Meld's ISPO, you will not negate your ADA rewards for SundaeSwap tokens.
Instead, you will freely get distributed the SundaeSwap tokens and your ADA rewards for staking to a Cardano stake pool.
How much is a Sundae token worth? This is anyone's guess. As there is no price set to the token and the token is a utility & governance token.
After launch, the market will determine the price based on the supply and demand of the token on the open markets.
The distribution of the tokens is mathematically geared in a way to not favour large wallets. If you were to stake millions of ADA to a SundaeSwap stake pool, you will get fewer Sundae tokens per ADA than a small wallet with server thousands of ADA would.
This helps with a fair distribution of tokens to the community. It is a similar model that is used by MinSwap in their FISO and Mirqur in their token distribution.
According to their latest post about the SundaeSwap ISO, the minimum amount of ADA allowed to stake is 10 ADA.
You can stake in general to a stake pool with less and still earn rewards, but the amount you earn is very small.
For the SundaeSwap ISO, any native Cardano wallet will be able to support staking to one of the selected SundaeSwap stake pools.
Wallets include:
- Daedalus (Full node wallet)
- Yoroi (Light wallet)
- NamiWallet (Web3 wallet)
- ADALite (browser wallet)
Other wallets to be confirmed but have been mentioned:
- CCVault (formerly CCWallet, Brower wallet)
- GeroWallet (Browser/Web3 wallet)
You can read our guide to Cardano wallets to get an understanding of what wallet might be suitable for you.
As long as you choose a wallet that allows for staking, you will be able to stake to the appropriate pool for the duration of the SundaSwap ISO.
Yes, they can, as the token is not a swap of your ADA rewards for Sundae tokens. You are simply getting Sundae tokens for free while staking to a stake pool to earn your regular Cardano ADA rewards.
No, you can't. Daedalus is a full node wallet which is an application that will run on your computer.
You will need a web3 browser-based wallet such as Nami or the new Yoroi wallet. This will allow you to interact with the website decentralised application and your wallet at the same time. More information will be available soon.
You can still use Daedalus to stake for your Sundae tokens.
The voting period is over for the stake pools and you no longer need to vote for a pool to be in the ISO.
The shortlist of stake pool operators has been finalised and can be found on their website.
The voting power of a delegate will depend on the amount of ADA in their wallet balance. The more ADA that is in one's balance, the more voting power they will have to select which pools are chosen. This is to stop Sybil attacks on the voting process.
In the future, the SundaeSwap token holders will be the ones voting on pools and other decisions which will dictate the future of the decentralised exchange.
No, you don't, you just get to know that your fav pool operator may get voted for!
Since the SundaeSwap ISO date has not been announced, you will need to get your ADA and wallets ready.
If you're ADA is on an exchange, you will need to create a new wallet and move that ADA to the wallet.
Are all good choices.
You will need to ensure you have your ADA in a Cardano native wallet. ADA that is in an exchange will not be eligible for this event.
Subscribe to the podcast and YouTube channel for updates to the SundaeSwap ISO.
We're a small, independent single stake pool operator. We've got a long way to go before we are completely self-sufficient and continuously producing blocks for the community. Our stake pool infrastructure costs money and time to support. Search for us with ticker: ADAOZ.
Learn how to delegate to us using Daedalus or delegate with the Yoroi wallets.
How to Stake ADA on Yoroi Wallet
Podcast: How to Stake Cardano & Understanding Rewards Payout
Calculate How Much ADA You Will Get From Staking
Use ticker: ADAOZ
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What a well written article with all the details needed for the ISO. You've got my vote. Thanks.
mate you rock. Thank you!
You got my vote, doing that tonight.
And getting ADA and a bit of sundae is awesome.
Mate... that is awesome. Really appreciate it. Thank you.
Listening to your music on Spotify too... you should make an NFT out some of your songs.
Is it necessary to vote to earn sundae tokens? Also, after the pools are selected you can an join one that have been selected and earn sundae tokens even if you were on another pool (not selected) before?
No, you don't need to vote to earn the tokens but it really helps some of the small pools get into the process. Otherwise, the process simply centralises the process into the large popular pools.
Yes after the pools are selected in the vote, simply pick one of those pools to stake into for ADA rewards and Sundae tokens. You will have to leave your current pool and join the new SundaeSwap pool.
Can I use ada lite to delegate my Cardano to receive sundaeswap rewards??
It can be used for staking, BUT it doesn't show your native tokens. So you can stake there but you won't be able to see your $SUNDAE tokens.
You can use your ADALite mnemonic seed phrase and restore that in Yoroi or Daedalus to see your Sundae tokens and access them.
To trade the Sundae tokens, you will need to use a web3 wallet such as Nami or Yoroi Dapp Connector.
(I deleted the repeated comments btw and approved your account to post more)
really useful video, have got my vote. Where will the sundaeswap tokens be allocated when the iso starts?
the native wallet you use to delegate?
thanks
Yep. Right back to your wallet as long as it’s a native Cardano wallet, Yoroi or Daedalus for example.
I am staking with Daedalus. How will I receive the Sundaeswap tokens? Where will they appear?
Firstly you can just stake your Ada to a pool. That will get you your Ada rewards and Sundae tokens. Hopefully we, ADAOZ, is in that list.
Tokens are distributed every epoch for 25 days.
You will need to interact with a smart contract to unlock it.
Could you kindly clarify which pools will get Sundae for staked ADA? And specifically, is ADAOZ on the list of pools that will receive Sundae?
The SundaeSwap article here is the official announcement Meet Your SundaeSwap Scoopers.
A great tool by the community from https://PoolPeek.com/#/Sundaeswap
Just keep in mind that it hasn't started yet and there is no date set yet either.
Done, and thanks for the clear instructions.
You're welcome! Hang around. We've got quite a lot of interesting DeFi content coming up.
Almost "complete*
Everyone seems to have forgotten that the cardstarter community have been staking CARDS pairs since the beginning of the year resulting in well over
$1.3 million TVL. What advantages this has brought to sundaeswap since the June/July merger hasn't really been expressed, nor has there been any explanation what these liquidity providers should do to best maximize their investments.
Yeh I’m getting a lot of complaints from the communities at the moment around this. I haven’t been able to find answers either. No one has replied to my tweets around it.
I have my yorio wallet , now transferred all my Ada over and staked it.
Question is do i need to create second wallet with some Ada ready for Sundie swap launch to buy additional sundie coins as I don't want to unstake from the pool,
Well, you will need your ADA in a web3 wallet like Nami or Yoroi with the Dapp connector to be able to interact with the DEX. At that point, you will be able to buy more Sundae tokens or sell the tokens that you gain from staking.
If the wallet that you have staked is a web3 style wallet that will allow you to connect to the website then you're set and ready to go.
I voted for two ISO selected but I'm not skating with them. Should I change my delegation if I want to receive my awards or I will receive my awards just for had voted?
Hey Amanda, firstly, there were no rewards for voting on this. Purely just being able to participate in the process of the first DEX on Cardano.
Secondly, the ISO hasn't quite started yet. So there is no need to rush your delegation just yet. It may be a week or two away before it all happens. Make sure you subscribe to the podcast or the YouTube channel to stay up to date.
hey,first of all very good article!
I would like to know what happens after 5 epochs...Will is still get sundaeswap afterwards?
Hey Kevin,
They are planning to distribute the Sundae tokens every epoch (5 days). After the 5 days of the ISO, the distribution will stop and you're free to move your ADA elsewhere.
can i not just pull my sudaeswap tokens from daedalus if im staked in an official pool
From what I understand, if you're using Daedalus, you will be able to receive your Sundae rewards when you interact with a contract at the 5 day period BUT you won't be able interact with the website to swap the Sundae for ADA or vice versa
Thank you for the article, most of my questions are cleared and getting to understand the ada projects.
Have a question, sorry if it is already answered else where, will I still get the Sundaetokens if I stake to the new pool before/on the day of launch or may be next day of the Sundaeswap ISO launch? I have seen some where that it should be delegated before the ISO launch, but not exactly sure. Could you please help me understand on this?
In general the first epoch will be delayed correct? in that case, will i still be eligible for Sundaetokens?
Also, can we move/sell the Sundae Tokens after every epoch?
Hey Phil:
The snapshot is take at the epoch change over. Epoch being 5 day period. From what I understand, you will need to be in the pool before that initial launch snapshot. Since they haven't officially announced a date yet, there is no need to move to one of the pools. Just be ready to when you can. You'll have at least 5 days to do so.
This isn't the same as ADA staking. They can scan and calculate the data on the blockchain-based on where you are staked and how much is there at the snapshot point. They will use that as the amount for sundae distribution. There is no locking and you can move your ADA in and out as long as you are there for the snapshot points at the end of each epoch.
Yes, that's right, you are free to sell the sundae tokens or ADA as soon as you receive them and do as you please.
I staked to an approved pool December 5th, but changed to another sister pool within that delegation. Am I still ok to receive SundaeSwap tokens? Any info would help and hope everyone has a great day.
Yeh you're fine. You're actually a little too early, which is fine too but the previous pool that you left for the Sundae tokens may have benefitted more from your delegation than these large Sundae pools. With 74 pools to choose from, no one is going to miss out.
I changed to the sister pool December 6th. Sorry this post is a continuation of my previous post.
All good, you're really early. ISO hasn't started and the start date hasn't been annouced.
How much sundaeswap tokens do u get per ada ?
At the moment with the current amount of ADA staked to the pools and the amount being distributed, the ratio is
1 ADA = 0.03 Sundae.
Once the ISO actually starts, that will be even lower and could be as low as 0.01 Sundae per ADA delegated.
I have 2 wallets within my Yoroi each having almost a similar amount of ADA. Can I stake to 2 different pools or must I move all my ADA to 1 of the 2 wallets and stake to a single pool?
Each wallet can stake their balances at the same or different pools
Thank you for the many 'guides' and 'how-to' articles/videos.
Appreciate them all and I have decided to stake my few ADA with you.
Mate, I appreciate that. What ever people delegate is awesome.
Hey bro, how much Cardano of my total Cardano should I be staking I’m new to this I don’t know the risks :S
Totally up to you how much you want to stake. I have my own personal goals that I'm striving for.
i was hoping you could plz tell me: i currently have all my ADA delegated to one pool via yoroi. i want to create several wallets (which i can do) but im unsure of the consequences with regard to undelegating. as i have only one wallet currently, i need to undelegate to distribute my ada across different pools. i had to wait 4 epochs before i got rewards when i first delegated, does that mean i have to start all over again i.e do i lose reward continuity or does it recognise the time i had staked , so as i will redelegate instantly, the lost staking time will be negligible. also, im nervous about the sundaeswap token drop... firstly, when was the snapshot date and if i move my ada now, will that affect my sundaeswap allocation. cheers
Snapshot date has now been announced. 25th Jan.
You will need to either setup a new wallet and move the ADA to it and start delegating now or simply move an existing wallet to do the same thing.
There is a 2 epoch delay before the ADA rewards are calculated but Sundae are using the LIVE count and not active. The delay isn't that long but still long for ADA rewards.
Is it also possible to earn sundae-tokens with the new NuFi wallet?
Technically yes as they are a native Cardano wallet, but that wallet isn't connected in regards to the DEX
As a new single stake pool operator, ADAreactor(ARC), is there a chance to get picked for this project at a later time? Will there be another round of voting? Or, will there be an application process to request to be added to stake pool list?
In the future you will be able to apply for a Scooper license.
There are other DEXes that are using a similar model so its worth looking into each one of them and seeing which one looks good to you.
I do not ever want to go through the voting process that SundaeSwap did ever again. I didn't sleep for days and the pools with the most ADA won in the end. Very hard to compete but I'm still glad we made it to the top 40.
i use daedalus wallet, i've been in one of the pools participating in the airdrop for a year now. my question is now you get the sundae even if you staked via daedalus?
You will need to claim the tokens. It will either be done via smart contract or by invoking an address, these details have not been revealed yet. You will have up to 12 months to claim your tokens.
Is it correct, that I am going to miss 2 epochs (two times rewards) when I start delegating from today? I have still my ADA on an central exchange...
you just need to get the ADA to your wallet and staked before the 25th
can someone clarify if, on the 20th of Jan, I can buy $sundae directly from the test DEX, swapping ADA with $sundae?
That is correct! Some time on that day
Hi, it's normal to have been searching my wallet for 4 hours and haven't found it yet.
network is testnet set Ada is also on it.
I do not understand
Ok I'm not understanding the issue.
Join our Discord server and chat there we can step you through it:
https://discord.gg/aAcjtaVv9V
Thanks for the solid info - great content! I'll be happy to move to your stake pool after the ISO is done as a thank you.
It's so frustrating using Yoroi - I've been trying to delegate for 3 days and it just won't go through. I can't even send my ADA out because it's so glitchy. I'm afraid of missing this ISO because of this. I don't understand how something made through Cardano/Emurgo can be so bad.
Mate, I would really appreciate it if you did that. Every little bit counts.
If you check my YouTube channel I did a video on how to import your Yoroi wallet to CCVault. Just do it and get on with life. You won't regret it.
https://youtu.be/Ultfv_OCS1M
If you’re in the top40, does that mean I can stake with you and get the SUNDAE airdrop? Or is it just top 30?
It's only the top 30 that will offer rewards.
It just looks nice that we made it to the top 40. Unfortunately, we didn't make it.
It states that I’ll need to interact with the smart contract to release my reward tokens. I’m new to this so can you please explain what I have to do to interact with the contract? I’m guessing it means I have to perform a swap on Sundae Swap? Is this correct please? And if so how many times or how often?
Yes it is something along those lines. Either we have to click CLAIM on the website and that will start a process, or we send ADA to a wallet from our staking wallet and that will send the tokens back. You can do it once at the end of the process and you have 12 months to claim.
It states that I’ll need to interact with the contract to be able to claim my reward tokens. Does this mean using the Sundae swap dex?
Yes but it also might be a simple faucet where you send ADA to trigger it and it will send you ada and tokens back
How many Sundaeswap tokens will I get if I swap it with one ADA?
so instead of delegating to a ISO pool I would like to swap my ADA for Sundae.
Is this possible?
No one knows what the launch price will be or how much supply there will be.
Hi, the medium article is unavailable. Where else do i see the list of pools?
Here, please use this:
https://poolpeek.com/#/sundaeiso
The websites are getting hammers 😀
sorry if this is a dumb question, but is there an official list of pools that are participating in the SundaeSwap ISO or are all the pools eligible? FYI I just moved my ADA into the Yorori Wallet, but am not sure what pool I should delegate to or are participating.
Here is an interactive list of all the SundaeSwap pools
https://poolpeek.com/#/sundaeiso
That will help you pick one and get delegating.
Thanks Peter for the quick response. Got my ADA delegated. I see that all the single pools are saturated. Ended up delegating to a multiple pool. Curious what the difference is.
I will also stake with ADAOZ after this ISO is completed. Really appreciate the help.
It's not a huge deal but spreading out the delegated ADA across many pools makes the network less centralised.
The more ADA some of the large multi pools have the more control over the network and influence they may hold.
When it gets above 15+ pools, and they're all not fully saturated then they're just manipulating the system for financial gain. (thanks how most see it). But if they have legitimately a good reason to have multiple full pools then that is another case.
If they have 2-3 and they're over 60% saturation, I'd say that's still healthy.
Hi,
how can I get the Sundaeswap token?
what are the pools where Cardano should be stored to give you the Sundaeswap token?
Here, please use this:
https://poolpeek.com/#/sundaeiso
The websites are getting hammered ?
hey Peter - great video and thanks for all your help at getting back to everyone with questions!
I have a quick one - so I've delegated to a Sundae ISO pool via Yoroi and I'm just wondering once the 25 days is up for the token allocation, and you complete whatever smart contract exists to receive these sundae swap tokens, do they get sent into your Yoroi wallet? And then theoretically would you be able to transfer them over to a Nami wallet since Yoroi and SundaeSwap aren't currently compatible?
Just trying to figure out how you would get them in (via smart contract - even though Yoroi seems to be only ADA compatible) but also out of Yoroi wallet so you can actually start utilizing them on the SundaeSwap platform...
Thanks again for all your help!
Yes they get sent back to the address that triggered the claim process, assuming that is also the wallet that delegated for Sundae.
Yes you can then transfer them over.
Yoroi can actually accept and display native tokens and nfts too. If you don't have any you won't see the ASSET tab in the wallet.
Don't forget to subscribe and consider delegating when this is all over.
what happens isf i staked from epoch 260.Will i claim more sundae rewards?
Since epoch 260? Wow longer term staker, yeh you can claim if you're in a Sundae pool
Hey Peter,
My sentiments have already been expressed by others above. Appreciate the article.
Apart from Sundae Swap tokens being rewarded. What's the yield return APR?
Or is this only for the ISO and then we withdraw our funds?
The fixed fee of 340ADA is that per staker or for the entire pool?
What does last luck epoch % mean?
Best
Hugo
The APR for yield farming was as high as 300% which was quite high.
The Fixed fee is taken from the total rewards not one person. The entire pool.
Luck relates to how many blocks are assigned to the pool. If you're lucky, we get more, if we're unlucky we get less. The protocol tried to average out all pools to 100%.