If you own some ADA and want to earn interest from it you can delegate to a stake pool. The mechanism of staking is very simple in Cardano. It’s just about selecting a pool and waiting for the rewards. No need to transfer your ADA, no locking of ADA, just allowing a pool to make more out of your ADA by delegating to it. But there are 3000 pools out there. So which one to choose? [...]
Running a Cardano stake pool got a very lucrative business as the price increased rapidly over the last months. For this reason many new pools are popping up every day. Currently there are around 2.500 pools in a network which is has stake for 500 pools only. The number of wanted pools will increase in the future maybe to 1000. Still this means that many of the new pools will not survice this highly competitive market. This is very important to know before setting up your own pool because it allows you to plan and act accordingly. [...]