Is it enough to have a technically flawless Stake Pool?

If you are a stake pool operator, you may have already noticed that it is not enough to have a technically flawless stake pool running. You also have to build your pool around a brand that manages to attract enough stake (delegators) within the Cardano community. Read here for a few ideas on how you can do that.

What does Ada mean on Cardano?

Ada held on the Cardano network represents a stake in the network, with the size of the stake proportional to the amount of ada held. The ability to delegate or pledge a stake is fundamental to how Cardano works.

What does a Stake Pool Operator do?

As a stake pool operator, you have a responsibility to the ada holders who delegate to you but also to the health of the network itself. This requires a stable and reliable network infrastructure and, ideally, system operation and server administration skills along with experience in development and operations.

How do I get people to join my Stake Pool?

The main way to get people to join your stake pool is to increase its reliability, uptime, and staking reward percentage. You won't have a high pledge or enough staking to run a high-performance pool when you first start running your stake pool (minting blocks every epoch).