Early Bird Pool Pledge Update
The pledge for Early Bird Pool is being dropped from 720K to 500K.
Will this impact rewards?
The pledge change for BIRD will not impact rewards, however an upcoming change by IOHK will, please continue reading.
Why is pledge being changed?
IOHK are changing the saturation level from 213m to 64m on the 6th of December, after this date if BIRD pool exceeds a stake of 64m then your rewards will be impacted.
In response we are launching our second pool, the "Adaverse Pool" with ticker VS1, and using the pledge taken from BIRD to support the new pool.
Since this pool has just been created there are no performance metrics (and therefore no rank) but you can expect the same high rewards that made BIRD a top 4 pool as we'll maintain the lowest possible fees and deploy on the same rock solid infrastructure.
To maintain some of the best rewards in the ecosystem we recommend that delegates migrate to VS1 before IOHK change the saturation level on the 6th of December.
If I don't migrate how can my rewards be impacted?
With BIRD being the 4th most profitable pool in the ecosystem, as seen in Daedalus, our stake has exploded from 25m to 104m in just the past 2 epochs. With the current rate of growth we are on course to exceed 200m stake before the saturation level is changed.
With a stake of 200m and a new saturation level to 64m we can see a reduction in rewards by as much as 70% after the 6th of December.
This is why we are reaching out to you now, we need to try and get BIRD down to below 64m before the 6th of December, by migrating to VS1 your rewards will not be impacted by the upcoming saturation change.
You can read more about the upcoming saturation change on the IOHK blog.
We hope to see you at the our new VS1 pool soon.
Thanks for delegating with us,