DripDropz has ready our servers for what guarantees to be the most important single drop within the historical past of the Cardano Blockchain.

With round 281,000 eligible wallets, we anticipate that there can be durations of utmost demand on the chain, and we wish to assist put together you for what the primary few days of the drop will most probably appear like.

To present you an thought of simply how huge this drop is, at present, the most important drops on Cardano have served round 40,000 requests. So to guarantee that we are able to deal with the load, and be variety to the chain, we’ve made a number of changes to the consumer expertise on DripDropz.

Sundae Drops Gained’t Expire

First, and most significantly, your Sundae drop is NOT going to run out for as much as a whole yr on DripDropz. It’s thought of an “immediate reward” in DripDropz, which suggests it stays together with your pockets between epochs, identical to your referral rewards. So there is no such thing as a must rush proper in and declare your tokens as quickly because the epoch modifications over.

You don’t should rush proper out and declare your Sundae Rewards they’ll stick round for some time.

We all know a few of you’ll do this anyway. That’s OK! To guarantee that we are able to accommodate that crush of site visitors, we’re going to make a fairly main adjustment:

For as much as 4 days, March 1 to 4, DripDropz is ONLY going to supply the Sundae token within the Drip It display.

That’s proper. If you wish to declare something from March 1 to 4, it’s simply going to be Sundae token, and that’s it. By setting a single token for supply, we’ve got found that we are able to serve about 40 DRIPpers in a single eUTxO transaction. It will permit us to filter the backlog a complete lot sooner. Particularly for the reason that pilot program Droperators are all in place and able to assist hold our massive transactions in queue and able to get on chain with out being skipped by tiny transactions.

We’ll monitor the backlog, and as quickly as attainable, we’re going to revive all the opposite tokens to the interface. On the very least, you’re going to have a day on the finish of the epoch to say your whole different rewards.

In fact, when you wait to say your Sundae tokens, you’ll additionally have the ability to proceed to say these rewards together with your regular tokens, after the primary 4 days.

Gradual Token Arrival

In case you don’t see your Sundae tokens instantly, don’t sweat it. Our group goes to be monitoring the scenario very fastidiously. However you’re going to should be affected person when you get in queue these first couple of days. Your tokens may take upwards of 48 hours to reach throughout excessive site visitors peaks. Don’t panic, and don’t open a hassle ticket till a minimum of 72 hours has elapsed from the time that you simply accomplished your preliminary transaction to kick off the withdrawal.

An impatient DripDropz consumer.

Duplicate Refunds

Attempt actually laborious to NOT ship your ADA twice. Some wallets have a really laborious time providing you with suggestions throughout these instances of heavy congestion. So do your finest to be affected person if you provoke the switch of three ADA to start the method. Give the chain, and your pockets, time to catch up.

Attempt Actually Exhausting to Ship Your Transaction Simply As soon as!

If one thing occurs, and you discover out that you simply did unintentionally ship your cost twice, don’t sweat it. Our automated system will ship you a refund. Throughout this window, we’re not going to course of any refunds instantly. We’re going to let the three days elapse, after which course of all of the refunds after. So on the very least, you’ll be with out your duplicated transaction for a few week. Gained’t or not it’s higher to simply try to be affected person, reasonably than do with out?

Fallacious Quantities or Ship All…

What when you ship the incorrect quantity, or click on that dreaded “ship all” button unintentionally? Similar story as above. Don’t panic. We’re not going to maintain your treasured CocoLoco NFT…

Even He Thinks That’s Humorous.

We’ll course of your stuff again to you, however once more, it’s not going to occur till these three days are over. So please strive actually, actually laborious to NOT hit the ship all button!

Persistence is Key

We’re all about ensuring that you simply get the tokens that you really want. We really feel that this strategy, and your persistence, are key to a profitable launch of the most important ever token drop on Cardano.

Regular Drip.

We’re prepared for this, and we all know you’re too! Keep affected person, keep protected, and we sit up for making this, and future drops as profitable as attainable!

DripDropz has prepared our servers for what promises to be the largest single drop in the history of the Cardano Blockchain.

With around 281,000 eligible wallets, we expect that there will be periods of extreme demand on the chain, and we want to help prepare you for what the first few days of the drop will most likely look like.

To give you an idea of just how big this drop is, currently, the largest drops on Cardano have served around 40,000 requests. So to make sure that we can handle the load, and be kind to the chain, we’ve made a few adjustments to the user experience on DripDropz.

Sundae Drops Won’t Expire

First, and most importantly, your Sundae drop is NOT going to expire for up to an entire year on DripDropz. It is considered an “instant reward” in DripDropz, which means it stays with your wallet between epochs, just like your referral rewards. So there is no need to rush right in and claim your tokens as soon as the epoch changes over.

You don’t have to rush right out and claim your Sundae Rewards they’ll stick around for a while.

We know some of you are going to do that anyway. That’s OK! To make sure that we can accommodate that crush of traffic, we’re going to make a pretty major adjustment:

For up to four days, March 1 to 4, DripDropz is ONLY going to offer the Sundae token in the Drip It screen.

That’s right. If you want to claim anything from March 1 to 4, it’s just going to be Sundae token, and that’s it. By setting a single token for delivery, we have discovered that we can serve about 40 DRIPpers in a single eUTxO transaction. This will allow us to clear out the backlog a whole lot faster. Especially since the pilot program Droperators are all in place and ready to help keep our large transactions in queue and ready to get on chain without being skipped by tiny transactions.

We’ll monitor the backlog, and as soon as possible, we’re going to restore all the other tokens to the interface. At the very least, you’re going to have a day at the end of the epoch to claim all of your other rewards.

Of course, if you wait to claim your Sundae tokens, you’ll also be able to continue to claim those rewards with your normal tokens, after the first 4 days.

Slow Token Arrival

If you don’t see your Sundae tokens right away, don’t sweat it. Our team is going to be monitoring the situation very carefully. But you’re going to have to be patient if you get in queue those first couple of days. Your tokens could take upwards of 48 hours to arrive during high traffic peaks. Don’t panic, and don’t open a trouble ticket until at least 72 hours has elapsed from the time that you completed your initial transaction to kick off the withdrawal.

An impatient DripDropz user.

Duplicate Refunds

Try really hard to NOT send your ADA twice. Some wallets have a very hard time giving you feedback during these times of heavy congestion. So do your best to be patient when you initiate the transfer of 3 ADA to begin the process. Give the chain, and your wallet, time to catch up.

Try Really Hard to Send Your Transaction Just Once!

If something happens, and you find out that you did accidentally send your payment twice, don’t sweat it. Our automated system will send you a refund. During this window, we’re not going to process any refunds right away. We’re going to let the three days elapse, and then process all the refunds after. So at the very least, you’ll be without your duplicated transaction for about a week. Won’t it be better to just try and be patient, rather than do without?

Wrong Amounts or Send All…

What if you send the wrong amount, or click that dreaded “send all” button accidentally? Same story as above. Don’t panic. We’re not going to keep your precious CocoLoco NFT…

Even He Thinks That is Funny.

We’ll process your stuff back to you, but again, it’s not going to happen until those three days are over. So please try really, really hard to NOT hit the send all button!

Patience is Key

We’re all about making sure that you get the tokens that you want. We feel that this approach, and your patience, are key to a successful launch of the largest ever token drop on Cardano.

Steady Drip.

We’re ready for this, and we know you are too! Stay patient, stay safe, and we look forward to making this, and future drops as successful as possible!

Even as Cardano‘s much-hyped decentralized exchange (DEX) SundaeSwap suffered a patchy launch last month, a resurgence in its popularity has also been marked by an expansion of the protocol’s ecosystem. With its Initial Stake Offering (ISO) coming to an end this week, albeit not in the manner expected, the DEX has now introduced a unique concept of decentralized staking and the community seems overwhelmingly aboard the idea.

SundaeSwap announced earlier today that its Reverse ISO proposal, introduced yesterday, had received an 83% approval, and it will now take place from 19 February to 24 February. The Reverse ISO is a staking mechanism aimed at redistributing ADA within smaller stake pool operators (SPO) that had initially lost delegation. This will enhance decentralization within the Cardano ecosystem, according to SundaeSwap, which has planned to incentivize this process through the allocation of 20 million SUNDAE. It further noted that,

“Participants are rewarded for delegating ADA to Single Pool Operators who received at least one vote in the original ISO/Scooper vote.”

ISO refers to a Cardano-native token distribution model where users delegate their ADA with an approved stake pool and receive the new token in exchange.

In a blog post earlier, SundaeSwap had revealed that while the ISO was aimed at promoting new protocols and rewarding community members through electing SPOs, the response led to a concentration of ADA staking power in the elected SPOs. “That concentration seemed to be running counter to one of the core values of the Cardano network: decentralization,” it added.

“Given the size of our own community, the SundaeSwap ISO diverted a lot of delegation away from smaller pools with individual operators, and started a trend towards, rather than away from, centralization… we have concentrated nearly 7 billion delegated ADA behind 40 different stake pool operators.”

It further mentioned that as part of its efforts to bring back decentralization on the network, the DEX will also be delegating all ADA locked in the escrow contract on the SundaeSwap DEX to smaller single pool operators.

Although sounding alarmed, SundaeSwap has assured its community that Cardano continues to remain “less centralized than nearly all other top blockchains.” However, SundaeSwap’s own troubles seem unending, as the protocol had already been facing criticism over the way its ISO was launched. Many users had complained that the process was complicated and badly communicated, which had led to skepticism over the protocol’s viability. Similar sentiments could be seen floating through the Reserve ISO proposal as well.

so confused. I changed my stake to support the reverse ISO, but my stake won’t change wallets until 2/24 and you say it starts on the 19th and ends the 24th….how can anyone get their stake pool swapped by the 19th???
Am I confused or are you?

— LadyKillerLevi (@golfknutnc) February 15, 2022

Nevertheless, SundaeSwap enjoys a 95.5% dominance on Cardano, with the total value locked on the protocol recently breaching the $100 million mark yesterday. Since then, additional growth has led to SundaeSwap’s TVL standing at $123 million at the time of writing.

CARDANO TVL PORTION @SundaeSwap is leading the ecosystem #Cardano #ADA $ADA@MuesliSwapTeam @adax_pro pic.twitter.com/b67WNb2rfM

— Cardano Daily (@cardano_daily) February 8, 2022

Even as Cardano‘s much-hyped decentralized exchange (DEX) SundaeSwap suffered a patchy launch last month, a resurgence in its popularity has also been marked by an expansion of the protocol’s ecosystem. With its Initial Stake Offering (ISO) coming to an end this week, albeit not in the manner expected, the DEX has now introduced a unique concept of decentralized staking and the community seems overwhelmingly aboard the idea.

SundaeSwap announced earlier today that its Reverse ISO proposal, introduced yesterday, had received an 83% approval, and it will now take place from 19 February to 24 February. The Reverse ISO is a staking mechanism aimed at redistributing ADA within smaller stake pool operators (SPO) that had initially lost delegation. This will enhance decentralization within the Cardano ecosystem, according to SundaeSwap, which has planned to incentivize this process through the allocation of 20 million SUNDAE. It further noted that,

“Participants are rewarded for delegating ADA to Single Pool Operators who received at least one vote in the original ISO/Scooper vote.”

ISO refers to a Cardano-native token distribution model where users delegate their ADA with an approved stake pool and receive the new token in exchange.

In a blog post earlier, SundaeSwap had revealed that while the ISO was aimed at promoting new protocols and rewarding community members through electing SPOs, the response led to a concentration of ADA staking power in the elected SPOs. “That concentration seemed to be running counter to one of the core values of the Cardano network: decentralization,” it added.

“Given the size of our own community, the SundaeSwap ISO diverted a lot of delegation away from smaller pools with individual operators, and started a trend towards, rather than away from, centralization… we have concentrated nearly 7 billion delegated ADA behind 40 different stake pool operators.”

It further mentioned that as part of its efforts to bring back decentralization on the network, the DEX will also be delegating all ADA locked in the escrow contract on the SundaeSwap DEX to smaller single pool operators.

Although sounding alarmed, SundaeSwap has assured its community that Cardano continues to remain “less centralized than nearly all other top blockchains.” However, SundaeSwap’s own troubles seem unending, as the protocol had already been facing criticism over the way its ISO was launched. Many users had complained that the process was complicated and badly communicated, which had led to skepticism over the protocol’s viability. Similar sentiments could be seen floating through the Reserve ISO proposal as well.

so confused. I changed my stake to support the reverse ISO, but my stake won’t change wallets until 2/24 and you say it starts on the 19th and ends the 24th….how can anyone get their stake pool swapped by the 19th???
Am I confused or are you?

— LadyKillerLevi (@golfknutnc) February 15, 2022

Nevertheless, SundaeSwap enjoys a 95.5% dominance on Cardano, with the total value locked on the protocol recently breaching the $100 million mark yesterday. Since then, additional growth has led to SundaeSwap’s TVL standing at $123 million at the time of writing.

CARDANO TVL PORTION @SundaeSwap is leading the ecosystem #Cardano #ADA $ADA@MuesliSwapTeam @adax_pro pic.twitter.com/b67WNb2rfM

— Cardano Daily (@cardano_daily) February 8, 2022

TL;DR: Decentralization is a core value of the Cardano community and of SundaeSwap Labs. Our ISO model — though it was designed to support the ideals of decentralized governance by not spinning up our own SPOs and by putting SPO selection to a vote — led to a small decrease in an important metric of blockchain decentralization. That said, Cardano is still less centralized than most other top blockchains, and SundaeSwap is announcing further steps to support decentralization. These include a proposed Reverse ISO, in which participants are rewarded for delegating ADA to Single Pool Operators who received at least one vote in the original ISO/Scooper vote, and additional initiatives to be announced in the coming weeks and months, including more details on the formation of the SundaeSwap DAO.

Vote on the Reverse ISO proposal here: https://tinyurl.com/sundaevote

The ISO concept as originally envisioned was an exciting way to promote new protocols, reward community members, and reinforce adoption of one of Cardano’s key features, all while lending a hand to many of the community’s Stake Pool Operators. And the idea worked. Too well. The community responded with such enthusiasm that we saw a massive concentration of ADA staking power in the SPOs elected by the community for the SundaeSwap ISO. As SPOs began to approach saturation, the community started to express concerns, and not just about the potential tapering of ADA staking rewards but also the concentration of staking for the SundaeSwap ISO. That concentration seemed to be running counter to one of the core values of the Cardano network: decentralization.

This is not the first time a DeFi protocol’s approach to achieving and improving decentralization have been challenged, and it won’t be the last. Maintaining the ideals of decentralized finance will require a constant balancing act with the preservation of transaction security, regulatory compliance, the practicalities of governing an early-stage but fast growing dApp, and no doubt many other areas. But decentralization is not just an ideal for the network: it is a core value to SundaeSwap Labs and our community.

SundaeSwap is committed to supporting genuine decentralization in all aspects of the DEX operation. Owning SUNDAE is not just a badge of membership in a community; it is the governance token for the SundaeSwap DAO that will launch this summer when the Cardano parameters allow. Decentralization represents the very ideals that helped build and grow the Cardano community.

But, given this is early days, there is far more we can do to uphold that ideal. We have appreciated the active and productive conversations going on in both the SundaeSwap and Cardano communities that have helped reinforce this priority. Given the size of our own community, the SundaeSwap ISO diverted a lot of delegation away from smaller pools with individual operators, and started a trend towards, rather than away from, centralization. While many have suggested we address this by putting our thumb on the scale of the SPO community vote, we didn’t feel that was the right approach either, and so we thought long and hard about the nature of decentralization, and how we might help reverse this trend. .

Decentralization is a word that our industry leans heavily on, It is at the core of what we do, and an idea that has ignited a fire in the minds of many.

When we conceived of the ISO, one of the key aspects was how decentralized it was: with such a low barrier to entry, anyone could participate, and anyone could secure some amount of voice in the DAO being formed around the SundaeSwap protocol.

At each step of the ISO process, we tried to let the ethos of decentralization guide our decision making process:

• Rather than run upwards of 100 stake pools ourselves, we turned to members of the community to run them.
• Rather than select those members ourselves, we ran one of the largest on-chain governance events in Cardano history to let our community choose them.
• As much as possible given Cardano’s current limitations, we avoided acting as a central authority and let the community decide which pools they valued

It is ironic, then, that one of the fair criticisms that people have leveled against the model is around the role it has played in centralizing Cardano itself. An unintended consequence, fueled by the intense and overwhelming excitement for our project, is that we have concentrated nearly 7 billion delegated ADA behind 40 different stake pool operators. In the epochs leading up to the launch of the ISO, this even reduced our Nakamoto Coefficient (the de-facto standard for measuring decentralization) from 25 to 22.

The above trend certainly doesn’t spell doom for Cardano; it’s still larger than many other chains, and this time last year the Cardano community was celebrating a Nakamoto coefficient of 18. The effort and coordination it would take to coerce 22 different entities to act against the stake they themselves have in the success of Cardano is staggering to comprehend.

Still, as a trend, it is concerning. As a highly visible project in the Cardano space, and one which often serves as an example for future projects, we’ve been thinking deeply about how we can contribute to reversing that trend.

More important than what we have done is what we do next. It is clear to us that the DEX should support small single pool operators and play an active role in increasing the ecosystem’s minimum attack vector (MAV), And the best place to do that is to empower the Single Pool Operators that currently receive a little more than 21% of the total ADA delegated on the blockchain.

Over the past few days we have noticed many community members (even some of our scoopers) encouraging delegators to move from ISO pools on February 14th. With the ISO soon coming to an end, we felt that some of the Cardano community, in the same way that frustration boiled initially, would not be enthusiastic about SundaeSwap intervening in the flow of staked ADA once again.

As such, we would like to propose the following program to the community to vote on. Although this vote is not a formal governance vote, it will allow us to see the general sentiment and if it’s something the Cardano community would like to see us act on. We would love to hear your opinions on our proposed incentive program above on Twitter and around social media in general.

We are incredibly excited to share our proposal of SundaeSwap’s Reverse ISO. You can think of it as “ISO 2.0,” or a “Single Stake Pool Offering” — but we’re just going to go with “Reverse ISO.”

How will it work, you ask? An extra 30 million SUNDAE will be delivered to delegators who delegate to any single pool operator that received at least one vote in the initial ISO and Scooper selection vote. The Reverse ISO will commence after the snapshot is taken on February 24th and run for 5 epochs, until March 21st. A list of qualifying stake pools will be made available on the SundaeSwap website in advance of the launch.

To be eligible to receive rewards from SundaeSwap’s Reverse ISO, simply delegate to an eligible single pool operator and stay delegated for the full 5 epochs. SUNDAE tokens will be distributed via our own faucet, at the same time we distribute the SUNDAE ISO rewards outside of DripDropz for those who do not want to pay the DripDropz service fee.

We hope this proposal will help redistribute the delegation and bring the MAV back to where we all want it to be, as well as support smaller pools who are key to keeping Cardano decentralized.

Vote for or against this proposal here: https://tinyurl.com/sundaevote

• February 14 — Final snapshot of the Sundae ISO
• February 24 — Reverse ISO Begins
• March 1 — Sundae ISO Rewards Distributed via DripDropz
• March 21th — Reverse ISO Ends
• Q2 — Reverse ISO Rewards Distributed via SundaeSwap Faucet

As well as our Reverse ISO, we are also running some other programs to assist in the active decentralization of the network and support smaller pools.

Specifically, we are committed to delegating all ADA locked in the escrow contract on the SundaeSwap DEX to smaller single pool operators. We plan to share more information on this soon as we get closer to starting this initiative.

Our efforts to promote small SPOs don’t end here. We will continue to promote small and single stake pool operators through various programs and initiatives that we look forward to sharing with everyone in the future.