ADAPlus - Pool Market

How does the Pool Market work?

The Pool Market is a tool that helps delegators looking for maximum profit take advantage of the offers from SPOs. SPOs using the Pool Market can advertise themselves and attract delegators immediately directly to their pools. The system is built on the principle of offers. By selecting filter parameters, a registered user can find an offer that is advantageous for himself or see suitable offers based on the amount in his wallet. SPOs create offers indicating the amount of ADA the delegator will receive after delegating to his pool based on the wallet threshold. Additional ADA is paid through the Guaranteed Deposit System. The SPO creates proposals and specifies the maximum number of delegators who can accept proposals. Then, the SPO transfers the calculated amount to a separate deposit wallet of the Pool Market. Those funds guarantee that delegators who fulfill the offer will receive their rewards from the reserved amount. The wallet with the SPO deposit in is automatically delegated to SPO's pool so that the SPO does not lose a stake.

Analogy

We can draw an analogy with website promotion. You can slowly and persistently work on SEO (search engine optimization) to improve a website's ranking and increase visitors. SEO may (or may not) produce results in months. Instead, you can immediately buy keywords in Google Adwords and get customers on the very first day. The Pool Market allows pools to attract delegators immediately for the next epoch. Provided rewards in the form of ADA will motivate delegators to accept offers.

Who can use this tool?

Unlike our other "ADAPlus - Pool Boost" project, where there are clear criteria for an SPO, any existing SPOs can participate in the Pool Market. There is no restriction for delegators either. Of course, the more ADA a delegator has, the more offers he can apply to.

What happens if the delegator doesn't keep his promise and doesn't make a delegation?

First, he will not receive the ADA he could have received. Secondly, even though all delegators' accounts are anonymous and SPOs do not see the real staking key or delegator's address, all delegators at Pool Market will get a negative rating affected by such behavior. On the contrary, delegators who regularly fulfill the offer and do not leave the pool after the first delegation will increase their rating, which means they will receive more interesting proposals from SPOs in the future.

Will delegators leave the pools immediately after receiving their ADA?

The SPO, when creating a proposal, can specify the minimum number of epochs that the delegator must stay with the pool. If a delegator leaves the pool earlier, he will not receive the reserved ADA.

How can an SPO get its reserved funds back?

It is enough to pause your offers, and when the next epoch starts, you can request an automatic withdrawal of the remaining funds to the wallets with the SPO's pledge. You cannot withdraw funds to another or new address for security reasons, so that in the event of a hacked SPO account, the attacker will not be able to withdraw funds to another address.

This tool involves storing funds in wallets. How is the safety of deposits ensured?

Safety is a crucial part of any crypto project that has automatic payments. Wallets are created and maintained by a separate server that does not have direct Internet access. The website server can communicate with the payment server through a separate API and send commands to perform transactions. The payment server does additional checks of addresses and terms of the offer before sending a transaction. Performing additional checks eliminates sending funds to an unknown address that does not belong to one of the parties of the offer.

Can SPOs create NFT offers instead of ADA coins?

We are considering such options, but the NFT distribution is more suitable for the Pool Boost project, where SPOs can additionally motivate delegators to support their pool directly.

What is the commercial purpose of this project?

Pool Market takes a small percentage from deposits of executed offers. We have not yet determined the exact percentage, but it will be small enough for SPOs to use the tool comfortably without additional high expenses. Funds from Catalyst will go towards the development of the platform and the project marketing.

Expected public launch: Oct-Nov 2022

Budget requirements

• Servers infrastructure for 1 year (mainnet/testnet/guildnet nodes, dbsync servers, website servers, cdn, separate payment/wallets servers) - $3800
• Design UX/UI (1.5 months) - $3500
• Web development FE/BE (10 months) - $26000
• Wallets/payments API/BE (2 months) - $5200
• Marketing - $5000

Roadmap

Q1 2022:

• Testnet alpha
• Fetching all required data like the pools list, delegators, delegation updates
• UX/UI

Q2-Q3 2022:

• Testnet/Guildnet beta
• Login with a staking key
• Creating offers
• Applying to offers
• Monitoring updates

Q3-early Q4 2022:

• Deposit wallets
• Payouts
• Public launch

KPIs

in 3 months:

• Complete servers infrastructure (11 VMs + CDN)
• UX/UI

in 6 months (testnet/guildnet):

• Registration/login
• Active testing with tADA/gADA
• 5+ pools participants
• 100+ automated delegators
• 50+ executed offers

in 12 months (mainnet):

• 50+ pools
• 500+ delegators