Lovelace Community Pool is a stakepool founded by kyleo, a Cardano ambassador, which is currently running on the Shelley tesnet. The stakepool will have a 0% staking fee, and be entirely community focused.

Here is the interview with kyleo, founder of Lovelace Community Pool.

How did you discover crypto?

I had known about crypto for a while, but I had been working at a startup for a very long time and couldn’t work 70 hour weeks and tinker in my spare time. The startup eventually began investigating crypto solutions in early 2017 (it was a traditional exchange for fiat based assets). I was then given lots of time to learn and play.

What brought you to Cardano?

The whiteboard video of Charles explaining Cardano back in 2017.

What’s your vision about Cardano?

The same vision bitcoin has, mixed with the goals of ethereum to be a world computer, goverened by the people who participate in the system.

If you had to give two things you love about Cardano, what would they be?

Formal verification and the desire to be considerably more decentralized than other platforms.

What hardware will you use to power your stakepool?

Running on co-located servers in data centers. I will also be running relay-nodes on a few VPS/cloud providers.

Why do you have a 0% fee?

I’ve benefited so much from online communities (open source and crypto) over the years, so much so that I have the opportunity and ability to give back.

Don’t you think this will « destroy » in a certain way competition?

Right now pool operators can only differentiate themselves in a few ways:

Amount staked Fee Uptime Community involvement A fancy website with great instructions or tools

I can’t think of all the services a pool operator might be able to offer in the future as ways to incentivize staking, maybe access to premium tools or data, or lending services… who knows. I think it’s going to be a race to get to 0% or have other offerings, and I have no real plans to offer anything other than a stable, secure, free pool.

What’s your long-term goal with Lovelace Community Pool?

Be stable, be secure, be free, and I’d love to be able to run multiple pools if it gets saturated.

What’s the one thing which makes your stakepool awesome?

Other than being free? I’ve managed tech infrastructure for a very long time. I’m confident my experience will ensure great uptime.

What are the three core values of Lovelace Community Pool?

Hate to sound like a broken record but uptime, security and being free.

A few useful links to learn more about Lovelace Community Pool: