SundaeSwap Announces a Reverse ISO to help Cardano decentralization

To mitigate the centralization effects caused by SundaeSwap ISO, the team has proposed a reverse ISO. This process would encourage ADA delegators to move their stake from multiple stake pool operators to single pool operators.

The goal of the Reverse ISO is to incentivize distribution of some of the 6.3+ billion ISO ADA. We're hopeful that this initiative will be a net positive for that redistribution to support smaller stake pool operators who lost delegation and ultimately make Cardano stronger. 💪 ~ SundaeSwap Labs Twitter

Now that the proposal has been approved, the SundaeSwap team has pledged to reward participants with SUNDAE tokens. The team will allocate 30 million SUNDAE tokens towards the effort. The reverse ISO will start after the end of the 19th of February (end of epoch 321).

To qualify for the ISO rewards, delegators need to stake their ADA with one of the selected SPOs for 5 full epochs, starting with epoch 321. The 40 scooper pools that were selected during the previous round have been excluded from this process. However, it's important to clarify that the reverse itself will only run for one epoch i.e epoch 322.

Here is a list of important dates for SundaeSwap ISO:

Benefits of the Sundae reverse ISO

1. The ISO will help spread out Cardano's stake hence improving its Nakamoto coefficient through further decentralization.
2. Some SPOs who benefit from this effort will receive more delegators and avoid collapse. Hurray! That would mean more decentralization on Cardano.
3. Participating delegators will receive free Sundae tokens
4. It will be a gesture of good faith on the part of SundaeSwap towards the entire Cardano ecosystem. I sign that they're willing to make up for unintended consequences. More on that in SundaeSwap's article.

Small Pool Operator pools which are eligible for Sundae reverse ISO (RISO)

The entire list of eligible SPOs is longer. Please visit SundaeSwap's Reverse pools page browse the entire list