Posts

How to transfer ADA to the Orion Protocol

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In this post we describe how to transfer ADA from the Cardano network to the Binance Smart Chain (BSC) that powers the Orion Protocol  and vice versa. Orion has recently partnered with Cardano to bring it's on-stop crypto marketplace solution to the Cardano community. Through it's terminal it allows access to major CEX, DEX + swap pools directly from your wallet. In this tutorial we are going to use the  Metamask  browser extension to connect a  Ledger  HW wallet to the Binance Smart Chain.  Lets get right into it ... Step 1 - Connect Hardware Wallet Unlock your Ledger and select the Ethereum application.  Click "Connect Hardware Wallet" and select an account Your Ledger is now connected to Metamask ready to authorize transactions on the Ethereum Mainnet. This isn't what we want however, instead we'd like to use the Binance Smart Chain. Step 2 - Add the Binance Smart Chain to Metamask After selecting the source asset on the Binance Bridge web page, we clic

How does that ASTOR loyalty payout system work?

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Every month ASTOR distributes the pool rewards that were not needed to it's loyal delegators.  The rational behind it is that 6 x 340 => 2040 ADA p.m. pool reward is much more than we actually need to run our infrastructure and we would therefore like to give back to folks who support our project ... Provide high quality multiarch docker images for Cardano ... despite knowing that they would get more ROA when delegating to a much larger pool. It took a while to put this idea into practise, because I wanted to do this in Haskell  so that I could largely automate the process. Here is how it works … We take a snapshot of who has delegated to ASTOR consistently over the last six epochs We calculate the average stake for every stake address that qualifies From the pool rewards we subtract 1% margin that goes to charity We then subtract the actual running cost, which is very little We further subtract a tax escrow, which is subject to local tax regulations The remainder is distributed

Third round of payouts to loyal delegators

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  I’m happy to let you know, that ASTOR has just paid out the third round of dividends to loyal delegators.  As always, we only keep what is actually needed to run the pool - the rest goes to delegators and charity . Everyone on equal terms, including the SPO.  This time we could pay out 849 ADA to 14 beneficiaries. This is almost double of what it was last time . Over the last six epoch we were lucky and made blocks in all but one. A small percentage I use for research for the upcoming Alonzo area (i.e. spinning up scalable Kubernetes cluster to try stuff out).  Here are the details ... The next round of payouts for period [260..266] will happen in E268.  You’re welcome to come on board.

The journey begins

It is December 2020, X-Mas still some days away. There is lots of time with the family and long telephone conversations with friends about this/that. Cardano comes in focus again and we are playing with the idea of participating in the project more actively. The idea of running the ASTOR Stake Pool gets born. We wanted to have a strong technical focus that would eventually allow us to deploy block-chain technology into corporate cloud based IT infrastructure. The thing would need to be programmable, have good support for Tx metadata, be scalable, secure, allow integration with existing data streams, and so on. Basically, a solid building block for IT solutions of the the future. Cardano, was the most promising candidate that we could find. Of course, it needed to be Docker , run on multiple hardware platforms and have Kubernetes support built in. The journey began with tying to build Cardano on arm64 (i.e. the RaspberryPi4) and learning Nix so that we eventually can propose stuff u

Another round of payouts to loyal delegators

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I’m happy to let you know, that ASTOR has paid out the second round of dividends to loyal delegators.  As always, we only keep what is actually needed to run the pool - the rest goes to delegators and charity . Everyone on equal terms, including the SPO.  This time we could pay out a little more than last time , because of reduced cost for running the pool. A small percentage I use for research for the upcoming Alonzo area (i.e. spinning up scalable Kubernetes cluster to try stuff out).  Here are the details ...   The next round of payouts for period [254..260] will happen in E262.  Update: I recently joined the Plutus Pioneer Program so that eventually I can bring all of this to Cardano as a smart contract. This will have a massive effect on future payouts, because the tax man will not get the lion share any more. You’re welcome to come on board.