MiDeFi Home2023-09-08T19:24:08+00:00

Pool Stats

Ticker

MIDFI

Live Stake

Active Stake

Saturation

Pool Fee

Fixed Fee

340₳

Delegators

ROA Lifetime

ROA Short

Luck Lifetime

Blocks Lifetime

Pool statistics powered by cexplorer.io
(Last Updated)

Why Us?

We’re dedicated to providing a Cardano stake pool that sets us apart. Owned and operated by skilled IT experts, our pool runs on dedicated bare metal infrastructure, coupled with high speed fiber optic network connections for all core nodes.  Our core nodes are backed up  daily to a standby server  to ensure that disaster recovery takes minutes, not hours or days in the event of a cloud provider outage.  This helps ensure the resiliency of the Cardano blockchain and your rewards for EVERY block our pool is scheduled to mint.

Why Cardano?

Join us in shaping the future of decentralized finance.

Staking Rewards

Staking your Cardano (ADA) tokens with a pool puts your cryptocurrency to work earning a reward in your wallet that the wallet holder can withdraw any time.  You are fully in control of your tokens and the pool operator has no access to your funds by design of the Cardano blockchain network.  The pool you stake with provides the infrastructure to generate rewards for people staking with them.  By definition people staking with a pool are called delegates.  In order to sustain the Cardano network pool operators run staking pools which are responsible for minting blocks and providing rewards to delegates and pool operators.  The blocks on all crypto currency networks are ledgers of transactions performed on the network.  All nodes on the Cardano network have a complete database of all the blocks and synchronize with each other over the Internet.  Pool operators are responsible for maintaining those nodes to ensure decentralization and resiliency of the network.  Cardano staking does not require the delegator to lock up their tokens by design compared to other blockchains such as Solana and Avalanche.

Active Decentralization

Decentralization is based on holding a scarce resource.  There are 3200 pools registered on the Cardano network, 4 largest block produces have shares of 8%, 4%, 3% and 2% of the entire supply of Cardano tokens.  Delegates are participants in a cryptocurrency network, in the case of Bitcoin miners which burn massive amounts of electricity to sustain the network and provide hash rates to pools.  In the Bitcoin network several largest pools such as Foundry USA provide about 32% of the blocks, Antpool 21% and 3 other pools 18%, 8% and 6%.  If two dominant pools would join together the Bitcoin network could be compromised with a 51% attack and in the worst case scenario everybody’s funds would disappear.  On the Cardano network the are 1.3 million stakers or delegates and the blocks produced are run by a fairly inexpensive computer or virtual machine making energy use negligible compared to the Bitcoin network.  In summary Cardano is orders of maginitude more decentralized and energy efficient than Bitcoin.  Read more about it here:  Is Cardano A Security?

How to Stake

Begin your journey on Cardano with our guide on how to install the Yoroi wallet and start staking.

  • Select your language
  • Accept the user agreement
  • Allow Cardano Payment URLs
  • Allow your Web+Cardano links on your device and click Finish
  • Click create Wallet
  • Click Cardano
  • Name your wallet and set up a wallet password
  • Write down your wallet’s seed phrase and password and store it in a safe place
  • Confirm your seed phrase, read the warnings carefully and accept the terms
  • Do not store your wallet seed phrase and password on the device you are using in case it gets compromised or stolen
  • If you do want to store the password and seed phrase on your device only use a secure app to do so, such as 1Password password manager
  • When you want to send Cardano from an outside source like an exchange or dApp make sure you use the receive address from your wallet
  • When you want to send Cardano to an outside source use the receive address from that source on your wallet’s Send tab

How are rewards calculated on Cardano?

1 Epoch = 5 days

20 days to receive your first rewards

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