Thread by @bigpeyYT

🧵Staking Baskets

Staking Baskets are a new way to stake $ADA to decentralize #Cardano.

Staking baskets are created by @atrium_lab, in collaboration with @MLabs10.

Anyone can create a Staking Basket on Âtrium, to delegate to any x number of pools! 👇

Our first Staking Basket is called Diffusion.

Diffusion will delegate to 50 different #Cardano single stakepool operators chosen by the $ADA community!

For delegating through Diffusion, users will earn their $ADA rewards + $Atrium tokens.

A small % fee will be taken from Staking Basket $ADA rewards and a portion will be paid back to users that stake the $Atrium token.

Another portion will be paid to the Âtrium treasury. $Atrium token holders will be able to vote on where those funds are spent.

The Atrium community can add more pools to Diffusion as the TVL increases with Âtrium token votes.

Currently there's no incentive to delegate towards #Cardano's decentralization. Diffusion fixes that.

Staking Baskets are currently being tested on the preview network. I have a Staking Basket opened that delegates millions of $ADA to 15 different stakepools.

We're preparing for our audit, once it's done we will release these Staking Baskets in our public beta.

Staking Basket smart contracts will be open-sourced once they're feature complete to push this industry forward.

If you enjoyed this thread, please like/retweet the top tweet. Comment down below what feature you're most excited for coming to Âtrium.

Join our community, we'd love to answer your questions:

twitter.com/atrium_lab
discord.gg/atriumlab

You can read our Medium article on Staking Baskets here: medium.com/atrium-lab/sta…

You can read more about everything Âtrium</Lab> is working on here:

https://twitter.com/bigpeyYT/status/1655981099619581967

@cardano_whale @cryptorecruitr @CardanoDan @astroboysoup @cwpaulm @conraddit @LucidCiC @DeansEpoch @adamKDean