Q: You mentioned CRFA is working on stakepool accounting software, this got me thinking, what is this?
A: We noticed that each epoch, month we have to do some actions that could be automated like sending % of revenue to charity, reserving ADA for our epoch lottery.
A: We noticed that each epoch, month we have to do some actions that could be automated like sending % of revenue to charity, reserving ADA for our epoch lottery.
Q: So it will withdraw rewards for stake pool and credit this into account + cost and distribute profit based on pledge to pool owners?
A: YES! This is a bit of a mess to manage this, some profit is pledge based, some is stake pool based and its harder when you have more owners
A: YES! This is a bit of a mess to manage this, some profit is pledge based, some is stake pool based and its harder when you have more owners
Q: Ok but this is not so easy, sometimes utility bill for electricity or cloud is in USD not always in ADA
A: This is true but it is possible to convert also and we are working on automation for ADA payments, for some things it will work well as more and more ppl have ADA addr
A: This is true but it is possible to convert also and we are working on automation for ADA payments, for some things it will work well as more and more ppl have ADA addr
Q: Isn't that there are already accounting softwares that stake pools could use?
A: Sure they are but we want something relatively cheap (we are developing this) and also we want full integration with ADA payments so payments can automatically scheduled every epoch or month.
A: Sure they are but we want something relatively cheap (we are developing this) and also we want full integration with ADA payments so payments can automatically scheduled every epoch or month.
Q: Will you open source it?
A: For the moment we are looking for solve our problems and then we can see if we geneirify this. We also want to help our delegators with tax calculations like PoolTool is doing. We are considering Catalyst Proposal for this for Fund 7, 8 or 9.
A: For the moment we are looking for solve our problems and then we can see if we geneirify this. We also want to help our delegators with tax calculations like PoolTool is doing. We are considering Catalyst Proposal for this for Fund 7, 8 or 9.
Q: WOW, sounds awesome, I bet many stake pools are doing all this stuff manually
A: Yes, this is very mundane and stake pools shouldn't focus on such things but rather on developing new products or overall mission they have.
Q: Thank You, we are looking forward to your work!
A: Yes, this is very mundane and stake pools shouldn't focus on such things but rather on developing new products or overall mission they have.
Q: Thank You, we are looking forward to your work!
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