Updating Stake Pool Information

Important Reminder🔥 Any changes made in this section take effect in two epochs. A common mistake is lowering the pledge amount and removing funds too soon. This results in zero rewards as the current live pledge amount is no longer met.

Need to change your pledge, fee, margin, pool IP/port, or metadata? Simply resubmit your stake pool registration certificate.

Reminder: There is no requirement to pay the 500 ADA stake pool deposit again.

First, generate the protocol-parameters.

block producer node

cardano-cli conway query protocol-parameters \
    --mainnet \
    --out-file $NODE_HOME/params.json

If you're changing your poolMetaData.json, remember to calculate the hash of your metadata file and re-upload the updated poolMetaData.json file. For more details, refer to the section Registering Your Stake Pool.

block producer node

cardano-cli conway stake-pool metadata-hash --pool-metadata-file poolMetaData.json > poolMetaDataHash.txt

If you changed your poolMetaData.json, copy poolMetaDataHash.txt to your cold environment.

Update the below registration-certificate transaction with your desired stake pool settings.

If you have multiple relay nodes, then change your parameters accordingly.

metadata-url must be no longer than 64 characters.

air-gapped offline machine

cardano-cli conway stake-pool registration-certificate \
    --cold-verification-key-file $HOME/cold-keys/node.vkey \
    --vrf-verification-key-file vrf.vkey \
    --pool-pledge 1000000000 \
    --pool-cost 170000000 \
    --pool-margin 0.20 \
    --pool-reward-account-verification-key-file stake.vkey \
    --pool-owner-stake-verification-key-file stake.vkey \
    --mainnet \
    --single-host-pool-relay <dns based relay, example ~ relaynode1.myadapoolnamerocks.com> \
    --pool-relay-port 6000 \
    --metadata-url <url where you uploaded poolMetaData.json> \
    --metadata-hash $(cat poolMetaDataHash.txt) \
    --out-file pool.cert

minPoolCost is 170000000 lovelace or 170 ADA. Therefore, your --pool-cost must be at a minimum this amount.

Here we are pledging 1000 ADA with a fixed pool cost of 170 ADA and a pool margin of 20%.

Copy pool.cert to your hot environment.

Pledge stake to your stake pool.

air-gapped offline machine

cardano-cli conway stake-address stake-delegation-certificate \
    --stake-verification-key-file stake.vkey \
    --cold-verification-key-file $HOME/cold-keys/node.vkey \
    --out-file deleg.cert

Copy deleg.cert to your hot environment.

You need to find the tip of the blockchain to set the invalid-hereafter parameter properly.

block producer node

currentSlot=$(cardano-cli conway query tip --mainnet | jq -r '.slot')
echo Current Slot: $currentSlot

Find your balance and UTXOs.

block producer node

cardano-cli conway query utxo \
    --address $(cat payment.addr) \
    --mainnet > fullUtxo.out

tail -n +3 fullUtxo.out | sort -k3 -nr > balance.out

cat balance.out

tx_in=""
total_balance=0
while read -r utxo; do
    type=$(awk '{ print $6 }' <<< "${utxo}")
    if [[ ${type} == 'TxOutDatumNone' ]]
    then
        in_addr=$(awk '{ print $1 }' <<< "${utxo}")
        idx=$(awk '{ print $2 }' <<< "${utxo}")
        utxo_balance=$(awk '{ print $3 }' <<< "${utxo}")
        total_balance=$((${total_balance}+${utxo_balance}))
        echo TxHash: ${in_addr}#${idx}
        echo ADA: ${utxo_balance}
        tx_in="${tx_in} --tx-in ${in_addr}#${idx}"
    fi
done < balance.out
txcnt=$(cat balance.out | wc -l)
echo Total available ADA balance: ${total_balance}
echo Number of UTXOs: ${txcnt}

Run the build-raw transaction command.

The invalid-hereafter value must be greater than the current tip. In this example, we use current slot + 10000.

block producer node

cardano-cli conway transaction build-raw \
    ${tx_in} \
    --tx-out $(cat payment.addr)+${total_balance} \
    --invalid-hereafter $(( ${currentSlot} + 10000 )) \
    --fee 200000 \
    --certificate-file pool.cert \
    --certificate-file deleg.cert \
    --out-file tx.tmp

Calculate the minimum fee:

block producer node

fee=$(cardano-cli conway transaction calculate-min-fee \
    --tx-body-file tx.tmp \
    --tx-in-count ${txcnt} \
    --tx-out-count 1 \
    --mainnet \
    --witness-count 3 \
    --byron-witness-count 0 \
    --protocol-params-file params.json | awk '{ print $1 }')
echo fee: $fee

Calculate your change output.

block producer node

txOut=$((${total_balance}-${fee}))
echo txOut: ${txOut}

Build the transaction.

block producer node

cardano-cli conway transaction build-raw \
    ${tx_in} \
    --tx-out $(cat payment.addr)+${txOut} \
    --invalid-hereafter $(( ${currentSlot} + 10000 )) \
    --fee ${fee} \
    --certificate-file pool.cert \
    --certificate-file deleg.cert \
    --out-file tx.raw

Copy tx.raw to your cold environment.

Sign the transaction.

air-gapped offline machine

cardano-cli conway transaction sign \
    --tx-body-file tx.raw \
    --signing-key-file payment.skey \
    --signing-key-file $HOME/cold-keys/node.skey \
    --signing-key-file stake.skey \
    --mainnet \
    --out-file tx.signed

Copy tx.signed to your hot environment.

Send the transaction.

block producer node

cardano-cli conway transaction submit \
    --tx-file tx.signed \
    --mainnet

Some changes only take effect in two epochs. After the next epoch transition, verify that your pool settings are correct.

block producer node

cardano-cli conway query ledger-state --mainnet > ledger-state.json
sudo systemctl stop cardano-node.service
jq -r '.stateBefore.esLState.delegationState.pstate.stakePoolParams."'"$(cat stakepoolid.txt)"'" // empty' ledger-state.json
sudo systemctl start cardano-node.service