Cardano对75 ADA最低费用的投票比例已达34%：ADA委托人在10月11日前需知悉的关键信息

Cardano Pledge Pool Fixed Minimum Fee Proposal Voting Analysis

Cardano Network is conducting a vote that affects all pledge earnings. The core of this game is whether to reduce the fixed minimum fee for the pledge pool from 170 ADA to 75 ADA. An analysis of Cardano's on-chain voting data as of October 10, 2026 shows that among entrusted representatives, the support rate is 34.45%. The threshold required to pass the proposal is 67%. The last time for the proposal to be accepted will be October 11, 2026 at 21:44 UTC (the end of the 660th Era).

Perceptions and Material Impact of Ordinary Users

For any user who entrusts ADA, this change will not be noticed at first because the fee is deducted before allocation and will not be directly displayed in any wallet balance. However, this fee determines whether a small pledge pool can still generate any distributable income. Based on the trading price of ADA $0.2526 on October 10, 2026, the value of 170 ADA per Epoch is approximately $43.

minPoolCost: The fixed fee to be retained first by each pledge pool

The agreement parameter minPoolCost defines the minimum amount that the pledge pool can retain from block rewards before distributing any rewards in each era. Pool fees can be set higher, but not lower. Only after this deduction will the operator's percentage profit margin take effect and the rest flow to the principal.

这一顺序至关重要。如果一个池子在某个纪元仅生产一个区块，其总奖励约为 300 ADA。无论有多少用户委托，其中 170 ADA 都将作为固定费用扣除。相比之下，如果某个池子每个纪元生产三十个区块，同样的固定金额将被分摊到三十倍的体量上。

为何该数值设定于 2023 年

如今的 170 ADA 源于 Intersect 参数委员会的建议，并于 2023 年 10 月的第 445 个纪元生效，这发生在可以在链上更改协议参数的时期之前。当时，该金额是根据 Shelley 启动时的 ADA 价格、当时的分配曲线以及估计的池子运营成本进行校准的。

然而，这三个因素自那以后都发生了变化。当前提案的理由引用了区块奖励从约 1,800 ADA 下降到约 300 ADA 的情况，这是因为用于分配的储备金正在枯竭。与此同时，服务器和运营的成本并未同期下降。

PCP-006 提案的核心：从 170 ADA 降至 75 ADA

该提案编号为 PCP-006，由池运营商 Cerkoryn 提出，并于 2026 年 3 月 30 日发表在 Cardano 论坛。它呼吁将最低费用削减至 75 ADA，降幅约为 55.9%，并明确表示不改变其他任何协议参数。根据提案内容，Intersect 的技术指导委员会于 2026 年 7 月 9 日支持了这一削减方案。

The proposal clearly sees itself as a temporary step. The longer-term idea is not to reduce fixed costs, but to operate with a minimum marginal ratio and is still in development as a separate draft. Previously, the lower fixed amount was designed to provide breathing space for small pools.

The current arithmetic of revenue per block

The rationale is based on appendix data from predecessor proposal PCP-001 and a total reward of approximately 300 ADAs per block measured in the 415th era. On this basis, if there is only one block per era, the minimum fee will account for approximately 113% of the total reward. Under this calculation, the entrusting party of such a pool will gain nothing.

Small ponds bear the same fixed costs as large ponds, but the number of blocks allocated is only a small fraction of the latter.

Voting status: 34.45% vs. 67% threshold on October 10

Analysis of voting data on the Cardano chain showed that among the entrusted representatives, 77 votes were in favor, 32 votes were against, and 17 votes explicitly abstained. However, the count was based on the ADA weight behind the vote, not the head count: 1.28 billion ADA voted in favor and 2.44 billion ADA voted against. This resulted in a support rating of 34.45%.

The threshold for this proposal is 67%. This threshold applies to agreement parameters that belong to the economic group, and minPoolCost belongs to this category. Therefore, the gap is not narrow, but covers more than half of the required approval rate. In the Constitutional Council, three of the seven members voted in favor.

The pledge pool operator has no vote on this parameter. Their votes are only taken in security-related agreement change groups, and minPoolCost does not belong to this group. As a result, the voting data does not even include a single vote for operators, even though this cut concerns them.

Deadline: October 11 UTC 21:44 (End of Era 660th)

The proposed agreement on Cardano is valid for six eras. This proposal was submitted in the 654th Era and will therefore expire at the end of the 660th Era. Based on the on-chain status, this transition occurred at 21:44 UTC on October 11, 2026 (23:44 German time). Acceptance or rejection always occurs at such epochal boundaries, not continuously.

In practice, this means there is still a full day before approval ratings can still shift. The jump from 34.45% to 67% would have to come from a very large transfer of commissions, rather than just a few more votes in favor. If the proposal fails, the parameter will remain at 170 ADA and the proposal must be resubmitted, including a 100,000 ADA deposit required for each agreement proposal.

Billion ADA Permanent Waivers: Real Resistance

Looking at the weight distribution explains why it is so difficult to reach the 67% threshold on Cardano. In this vote, the number of ADAs that decided "yes" or "no" was 3.72 billion. In contrast, the ADA that is in permanent abstention status is as high as 10.38 billion yuan, and another 1.48 billion yuan explicitly abstained in this vote.

Waivers do not count in the calculation; they do not count as pros or cons. That sounds harmless, but it changes the balance of power: delegating the ADA to a preset waiver option means ceding the decision to a small part of the network. Of the approximately 15.7 billion ADAs who participated in the vote, less than a quarter decided the outcome.

Where is your vote?

Holding ADA in one's wallet and delegating means two independent delegating behaviors: one is delegating to the pledge pool to obtain income, and the other is delegating to the delegating representative to vote. Many wallets silently set the second type of delegation to abstention during setup. If your ADA is deposited on an exchange, you will not vote in this process at all.

One block per era: Arithmetic for small pledge pools

When selecting a pool, the fee structure produces a clear ranking. A pool with multiple blocks per era will allocate a fixed amount among a large number of rewards, with the minimum fee being almost negligible. A pool with only one or two blocks per era allocates the same amount to a base of almost zero, which is the area where the ADA drop from 170 to 75 has had an impact.

The second factor is saturation. Cardano sets a saturation limit by limiting the reward cap for each pool by setting a goal of 500 pools. An overfilled pool distributes the same reward to more clients, resulting in lower revenue per ADA. Pots that are severely unfilled bear the fixed cost alone. Both extreme situations will lead to loss of revenue for different reasons.

Decisions occur at epoch boundaries rather than continuously, and abstentions are not counted at all.

Commissions and saturation: The impact of cuts on ADA earnings

Arithmetic, if you are in a well-filled pool, such cuts are not huge leverage. There, lower fixed amounts only change net income by fractions of a percentage point. The difference appears on the other end: in a small pool, the same steps can turn zero allocations into allocations.

Indirectly, this reduction affects the diversity of the network. For microoperators that cannot maintain operations at the 170 ADA minimum fee, they may abandon or merge. If you don't want to entrust funds to one of the largest providers, the 75 ADA setting leaves more options. An overview of providers and their terms can be found in the Best Pledge Platform Comparison.

October 2026 Cardano pledge yield: 2.1% to 2.7%

According to our analysis of October 7, the actual net yield range achieved when entrusting ADA in October 2026 is 2.1% to 2.7% per year. This range is based on the current 170 ADA minimum fee. If the parameter drops to 75 ADA, the lower limit will mainly move up because the small pool is located here.

New content since October 7

Compared with previous analysis, the price situation has changed little, but the governance situation has changed significantly. The ADA remained almost unchanged for seven days (up 0.03%), but rose 8.17% to $0.2526 in the past 24 hours. What's new is that cut-off dates are now calculated in hours rather than weeks.

Another governance incident occurred in the middle: On October 8, CIP-113 came into effect as the basis for issuers to freeze regulated tokens. These two events show the same pattern, that is, on Cardano, voting rather than announcements are now setting the rhythm.

Three open votes, two of which lack prospects

At the time of writing this article, we counted all open governance proposals on Cardano as of October 10, 2026, a total of three, and recorded their respective status:

• Proposal: Reduce minPoolCost to 75 ADA.
  Type: Protocol Parameters
  Yes: 77 (34.45% support)
  Threshold: 67%
  Margin: 11,787,063 ADA
• Proposal: Extracts 11,787,063 ADA to the OpenZeppelin stack.
  Type: Treasury withdrawals
  Yes: 15 (3.90% approval rate)
  Threshold: 67%
• Proposal: Adjust the pool target from 500 to 1,000, operator survey.
  Type: Information Action
  Yes: 29（3.77% 支持率）
  门槛：无

因此，费用削减是这三个提案中唯一接近多数票支持的。从国库提取 1179 万 ADA（按 10 月 10 日价格计算略低于 300 万美元）的支持率仅为 3.90%，并在同一个纪元边界到期。在 9 月中旬，同一提案的支持率为 2.14%。

我们的评估：问题在于门槛，而非金额

编辑部认为，证据表明该削减案将因参与度不足而非实质性问题而失败。证明如下：77 票赞成对 32 票反对，在实际投票中形成了明确的多数，且技术指导委员会已支持该削减。缺失的是权重，因为有 103.8 亿 ADA 处于永久弃权状态，因此不参与计算。

另一方面，有 24.4 亿 ADA 明确投了反对票，是赞成票的两倍多。如此规模的实质性反对不能仅用弃权来解释。对于委托者来说，由此得出两点结论：按照目前的解读，10 月 11 日前实现削减的可能性不大；选择池子仍是您手中的杠杆。

以上不构成投资建议。ADA 像任何加密货币一样，可能面临归零的风险。

Cardano 质押：直到 10 月 11 日，费用仍维持在 170 ADA

Check your wallet to find out which pledge pool you entrust funds to, and compare its fixed fees and margins to other providers. Terms of common platforms can be found in the comparison of best pledge platforms.

If in doubt, check whether your pool is near or well below the saturation limit. Both scenarios will result in lost revenue, while cuts in minimum expenses will only affect the latter.

If you want to add ADA or make a commission for the first time, please note the escrow method: In your own wallet, you can vote and commission yourself; in an exchange, you cannot. Which providers are compliant with MiCA licenses in Germany can be found in the Best Crypto Exchanges Comparison, and you can check the latest status of voting yourself in the official voting tool.

(As of October 10, 2026. This article does not constitute investment advice. Price and fee structures are subject to change; please check terms with your provider before purchasing.)