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ProCardano announces new Staking Basket functionality.
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Stakers will earn 30% more if they use the new staking method.
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Cardano Staking Basket is an instrument for advancing the decentralization of the blockchain.
A YouTuber who is pro-Cardano revealed a new feature of the blockchain that allows ADA stakers to earn up 30% more staking reward through the protocol’s Staking Baskets.
The content creator revealed that Cardano developers have discovered a way to get this extra reward using the Staking Basket Smart Contracts.
The three Cardano figures were able to meet at the Rare Evo event in Las Vegas. During the discussion, the YouTuber informed Hoskinson & Harrison that his development group has developed a solution for the Cardano Staking Basket Smart Contract where users can deposit a minimal of 10 ADA to potentially earn 15% more ADA compared with those who do not use the solution.
The Cardano developer told Hoskinson & Harrison that he & his team had been working on this project for about one year. Many of these developers were connected to him through his YouTube channel. He spoke of his past work with MLabs on Staking Baskets, and collaboration with other developers in the blockchain space.
Staking Baskets were introduced by Cardano in 2023 to help further decentralize the blockchain network. Atrium Lab developed the concept while MLabs, an expert in Haskell, Rust and other languages, developed the protocol.
Staking Baskets are smart contracts that allow users to easily deposit their ADA, and delegate it to multiple Staking pools. The innovation allows users to create their own Staking Baskets, with a list of specific staking pools.
The content creator also highlighted other solutions that he launched through the Cardano Network, including a dashboard for education with 24 motion graphics videos and text guides. According to the developer, the videos were created to help users navigate the Cardano experience.
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