First 2 Lifetime Block community



Description

Starting from this post on the official Cardano forums, a few of us started to organize the F2LB community,
in the beginning on telegram,
now on discord.

The general idea is to make a coordinated effort to help small single pool to boostrap and consolidate on cardano network and helping decentralization too.
It consists that every F2LB member is added in a queue, and each one would stake his created f2lb_wallet to the first pool in queue, for a number of epochs based on first pool f2lb_wallet amount.
Once served, we would all move our f2lb_wallets to the next pool in the queue.
While waiting on mainQ, the pools can be asked if they want to use the addonQ parallel queue from our great sponsor,
by trading one or two of their mainQ epochs granted. For info look down on this page.
Join us on Discord
Follow us on twitter

We keep all f2lb information on a google sheet (Gdoc for us) that is the official source,
but we have members that developed some blockchain integrated website to see current queue state,
you can have a look here f2lb.bardels.me
We use a google group f2lb@googlegroups.com for email communication and email rotation alert, but you have to be member to write on it and receive emails, so ask in discord.

After two years
we have reached an incredible stake amount of about 2 millions ADA as F2LB-delegation,
and another 900K ADA in a parallel queue !
F2LB community has served 108 small pools and minted 374 blocks,
giving a ROS of about 3.01% to all delegators (members and sponsors),
so it is even profitable help F2LB small pools and push cardano decentralization.
Really thanks to all F2LB members and sponsors.

This initiative only relies on delegation.
You must NEVER transfer any amount of ADA to any address in the scope of this initiative.

Requirements to participate as a F2LB sponsor

  1. Follow F2LB community on discord or check queue every epoch, you can also give your email to receive redelegation alert.
  2. Delegate/re-delegate your wallet to the first pool in queue.

Requirements to participate as a pool

  1. Be a pool with less than 50 lifetime blocks OR less or equal than 2 Million ADA staked at time entering the queue.
  2. Be a pool with less or equal than 3% of variable fee and less or equal 340 ADA fixed fee.
  3. Have Minimum 1000 ADA to delegate to first pool in F2LB queue each epoch.

How does it work ?

Here are the rules defining the way the F2LB initiative works.

  1. The current queue position 1 pool, receives delegations from all F2LB sponsors and members on the other queue positions.
  2. The pool in queue, has to be up and running since queue postition 10, if it reach postion 7 and the pool is not ready, it will be removed from queue.
  3. Pool After served, commit to continue to delegate to first pool in queue, for X epochs according to the CDEE parameter (see contribution & granted delegations table), unless there are more than 30 pools in queue.
  4. Values of the contribution & granted delegations table are reviewed and adjusted every 10 epochs, to continuously fit the initial goal: bootstrap small single stake pools.
  5. If a pool in queue does not delegates correctly during an epoch, his stake pool is pushed down by 1 slot in the queue.
  6. Once served, even before the stake get active, a pool can be re-queued at the bottom of the queue if still respect the requirements. Just ask on discord.
  7. After 6 consecutive epoch that a pool that does not re-delegate, the pool is deleted from the queue
  8. If a pool decrease the amount of initial declared ADA in his f2lb_wallet, it will dropped down of 3 position and the EG will be recalculated.
  9. While in queue, a pool can increase the amount of initial declared ada(AD) and get more epoch granted(EG), but it can get max 1 additional level/epoch for every 10 epochs away from the pool's turn.
  10. When a pool reach position number 3 or less, if it has a stake over 2 Millions, it will be moved to the addonQ with the same number of mainQ EG.
-

ADA Delegated(AD) to F2LB queue (f2lb_wallet)

Pool it Commits to Delegate the same AD amount to F2LB queue for Extra X Epochs after served even if it not requeued

Epochs that the pool gets Granted (EG) with all the F2LB delegation


Level

AD

CDEE

EG

1

≥ 1000

10

1

2

≥ 3000

8

2

3

≥ 10000

5

3

4

≥ 40000

3

4

Contribution & granted delegations

Contribution example
If a stacking pool SPX delegates 10K ADA (AD) and gets F2LB delegation (EG) during epochs 300-303, It has to keep delegating / redelegating to following F2LB pools until epoch 308 (CDEE) but only if at that moment queue has less than 30 pools.

Parallel queue (addon queue)

Aside to the main queue(mainQ) there is an addon queue(addonQ) that is used to delegate at the same time to a second pool.
In this way we have consistently decreased waiting time on mainQ.
It consists in a queue with only four pools at time. Using mainQ order, the pools will be asked, if they want to trade one or two of their epochs granted, with 3 or 6 epochs in addonQ where our great main sponsor moroworom, will delegate a big wallet with 900K.
For detailed addonQ rules have a look here on Gdoc starting at about line 23.


Join our F2LB community!

Come on Discord and ask to be added in queue or any other info.


@ F2LB 2022