TVVIN ISPO 2.0
Empowering Single Stake Pool Operators and Fostering Community Growth
Introduction:
TVVIN recently emerged from Stealth Mode, marking a significant milestone in our journey. As founders, we carefully considered the opportune moment to unveil our vision, eager to gauge the community’s response. Over the past two weeks, we have been humbled by the overwhelming support and enthusiasm we have received from individuals who are beginning to understand the essence of TVVIN.
Embracing Lessons Learned:
Drawing upon our experiences as founders who were part of pioneering the first Initial Stake Pool Offering (ISPO) in 2021 for MELD, we recognise the success the innovation brings in building an enthused community together, while simultaneously raising critical funds so a project can be successful. However, with this said, we also deeply understand the challenges faced by the Cardano Community as a result of this new initiative model for building-up a community following and fundraising. This understanding has therefore prompted us to evolve the ISPO model, with a steadfast commitment to creating a sustainable ecosystem that benefits all stakeholders, particularly the dedicated single stake pool operators (SSPOs) who form the backbone of Cardano.
ISPO 2.0: A Shared Commitment:
Through close collaboration with passionate SSPOs and guided by our principles of transparency and fairness, we have crafted the ISPO 2.0 as a testament to our collective efforts and sincere desire to build a vibrant community.
Acknowledging the Importance of Single Stake Pool Operators:
We deeply acknowledge the critical role that SSPOs play in ensuring the consistency and stability of Cardano’s blockchain operations. While the scientific research behind Cardano’s proof-of-stake system did not anticipate the emergence of an ISPO mechanism, it is crucial to address the concerns raised by experts, such as Dr. Kiayias, the Head of Research at IOG, who have emphasised the potential negative impact of one single operator running long-term, multiple pools on a decentralised network.
Supporting Stake Pool Operators:
At TVVIN, we are acutely aware of the challenges faced by SSPOs in attracting stake pool delegation. With the current k parameter set at 500 and over 3,000 pools in operation, many smaller pools operate on goodwill without substantial monetary incentives.
TVVIN’s Commitment to Single Stake Pool Operators:
Tracking and Rewarding Delegations:
We pledge to track delegations from single stake pools that are redirected to TVV1N and TVV2N. A proportion of rewards accrued from these delegations will be returned to the affected SSPOs, ensuring fairness and providing support to the operators who may experience a temporary loss of delegation.*
Pool Closure after ISPO:
After the ISPO concludes, our pools will be closed. This commitment demonstrates our focus on fostering diversity and decentralisation within the Cardano ecosystem.
Goodwill Reward for Repatriation:
We appreciate the loyalty of our ISPO participants. To express our gratitude and encourage the repatriation of ADA back to the SSPOs from which they originated, we will offer an additional $TVVIX Goodwill Reward. This gesture underscores our commitment to fostering strong relationships with the single stake pool operators who form the backbone of our community.
Goodwill Reward for wallets previously unstaked or staking to a multi-pool SPO:
TVVIN understands the challenges faced by smaller Single Stake Pools and acknowledges their importance. In our ISPO 2.0, we go a step further to support these pools by incentivising wallets that were previously not staked or coming from multi-pool SPOs. After the ISPO concludes, if they choose to redelegate to a Small Single Stake Pool, they will receive the same additional $TVVIX Goodwill Reward. By offering this bonus for redelegating to these pools, we foster the growth and diversity of smaller operators, promoting a more decentralised and dynamic ecosystem.
Conclusion:
Today, we unveil the TVVIN ISPO 2.0 — an evolution of our commitment to community building and supporting SSPOs. We embark on this journey with sincerity and a profound appreciation for the Cardano Community’s invaluable support.
To learn more about the TVVIN ISPO, how to participate & qualify for additional rewards check out our: How To Participate Article.
*The margin will be worked out based on an average margin amongst SSPOs. It will be claimable through the TVVIN Dashboard. Details will be published later. ISPO operators are not qualified to claim.
TVVIN takes real-world assets and issues them on the blockchain, where you can trade and earn the DeFi way while your assets are safely stored in the Real World. TVVIN’s first Real-World Asset (RWA) token is 1:1 backed by pure LBMA-Certified gold.
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