Logo
Cardano Ecosystem

U.Today

05/28/2023

·

294 views


This Tool to Help You Stake Cardano (ADA)This Tool to Help You Stake Cardano (ADA) in 50 Pools: See Concept in 50 Pools: See Concept

Novel Cardano-centric infrastructure platform Atrium Lab pioneers concept of ADA staking basket

This Tool to Help You Stake Cardano (ADA)This Tool to Help You Stake Cardano (ADA) in 50 Pools: See Concept in 50 Pools: See Concept

Multi-pool staking with rebalancing will be available for Cardanians as soon as this year. Users of the Atrium protocol are invited to lock ADA through smart contracts and enjoy rebalancing between the most successful staking pools.

Single service, 50 Cardano (ADA) pools: What is Atrium?

According to an official statement shared by the team of Atrium Lab, Staking Baskets, its solution for decentralized staking of ADA in multiple pools is set to be released in 2023. With this instrument, Cardano (ADA) enthusiasts will be able to delegate their ADA to a large number of staking pools seamlessly.

The technical design of the solution is authored by MLabs, a top-tier specialist in Haskell and Rust. Customers of Atrium Labs will also be able to launch their own combinations of ADA staking pools for better rebalancing.

In general, delegating ADA to multiple pools looks more attractive due to two factors: diversification and greater rewards. Through diversification, ADA stakers can protect themselves from spending their stake size on pools that do not contribute to block validating.

In terms of rewards, Atrium developers offer bonuses in the protocol's native tokens together with "regular" ADA rewards. The originators of customizable staking pool series are also able to incentivize their delegators with new tokens besides ADA.

The platform's first staking mechanism will be named Diffusion, its release is expected as soon as this year.

Mutual benefits of pools and delegators

The rebalancing infrastructure of Atrium will be accompanied by a liquidity pool (LP) and a DEX to allow users to seamlessly swap both ADA tokens and ATRIUM rewards without leaving a single interface.

Thanks to on-chain mechanisms powered by smart contracts, Atrium will rebalance ADA deposits in the smart contract every epoch to ensure that no pool is saturated and the ADA is distributed in the most resource-efficient way.

Atrium's next "staking basket" dubbed Karma will work with charitable pools, small-size pools and pools with a decent track record of benefiting Cardano (ADA) and the Web3 segment as a whole.

Existing staking pool operators can also connect their products to Atrium's ecosystem, the introducing statement says.

About the author 
Vladislav Sopov Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on U.Today

ORIGINAL SOURCE

https://u.today/this-tool-to-help-you-st...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from U.Today

See more
Cardano Founder Eyes AI Integration, But There's a Catch
U.Today
Cardano Founder Eyes AI Integration, But There's a Catch

02/08/2025

·

126 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)