Unlocking Cardano's Staking Potential: Atrium Lab Launches Innovative Solution for Delegating ADA to 50 Pools

• Atrium protocol plans to offer multi-pool staking with rebalancing on Cardano, allowing users to lock ADA using smart contracts and rebalancing between successful staking pools.
• Atrium’s Staking Baskets, approved by MLabs, will enable Cardano users to delegate ADA to multiple staking pools seamlessly, promoting decentralization and portfolio diversification.

---

As the Cardano blockchain ecosystem evolves, more and more players have shown interest in offering staking services to users. In the latest, Atrium protocol is now planning to offer multi-pool staking with rebalancing to Cardano users as soon as this year.

The Atrium protocol will invite its users to lock ADA using smart contracts while continuing to enjoy rebalancing between the most successful staking pools. Atrium is an all-in-one user-friendly interface for the Cardano blockchain that offers a one-stop solution for users to access various financial applications.

The Atrium protocol simplifies the onboarding of newcomers to the complex landscape of decentralized applications (dApps), wallets, etc. Its goal is to push the mass adoption of blockchain technology by reducing the barrier to entry for less tech-savvy users.

Atrium Lab, the team behind the Atrium protocol has recently shared a solution dubbed Staking Baskets for the decentralized staking of ADA across multiple pools which shall be released this year in 2023. By leveraging Staking Baskets, Cardano users will be able to delegate their ADA to a very large number of staking pools, in a seamless and efficient manner.

Staking Baskets are a new innovation coming to #Cardano this year.

You can easily delegate your $ADA to 50 stakepools at the same time.

For decentralising Cardano, the contract will distribute $Atrium & $ADA. Staking Basket fees are distributed back to $Atrium holders.

— Atrium Lab (@atrium_lab) May 26, 2023

MLabs, a top-tier specialist in Haskell and Rust, has approved the technical designs of Staking Baskets. Also, for better balancing, customers of Atrium Labs can launch their own combinations of ADA staking pools.

The Benefits of Using Staking Baskets

Before solutions like Staking Baskets existed, wallets were able to stake only one pool at a time. Thus, smaller pool operators struggled with a lack of delegation and thus had to close down operations due to a lack of profitability. Staking Baskets will offer smaller pools the necessary support required in launching their own combination of ADA staking pools for better rebalancing.

Staking Baskets makes delegation to multiple pools more attractive due to two factors: diversification and greater rewards. Delegating to one pool carries the risk of block production uncertainty, especially with smaller pools. Opting for larger pools reduces this risk but can centralize the network. Diversifying delegation across multiple pools promotes decentralization and portfolio diversification.

Âtrium’s Staking Baskets reward users with extra tokens for staking on Cardano, starting with the Diffusion Basket. Users can create their own baskets with custom rewards, and we’re developing baskets with higher ADA distribution. Atrium’s first staking mechanism Diffusion is likely to release as soon as this year.

Atrium introduces rebalancing infrastructure, LP, and DEX for seamless ADA and ATRIUM swaps. Smart contracts ensure efficient ADA distribution. Artium’s next staking basket Karma will support charitable and small-size pools. Staking pool operators can join Atrium’s ecosystem.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.