Cardano Foundation Completes Successful Redelagation for Wallets 9, Empowering Stake Pool Operators as Architects of the Future

• The Cardano Foundation completed the redelegation process for Wallets 9, following its Architects of the Future delegation strategy.
• The redelegation strategy focuses on stake pool contributions to the community, encouraging the development of open-source solutions and support for the broader ecosystem.

Cardano Foundation’s Redelagation Process for Wallets 9

The Cardano Foundation has completed the redelegation process for Wallets 9, which is in line with its Architects of the Future delegation strategy. This strategy was introduced in October 2021 to shift the delegation methodology towards building the ecosystem and supporting those who create value on the Cardano network.

With this change, the delegation strategy emphasizes stake pool contributions to the community, encouraging the development of open-source solutions and support for the broader ecosystem.

Simplification of the Application Process and Selection of Applications

To streamline the redelegation process, the Cardano Foundation simplified the application form by removing various questions while extracting additional data directly from the blockchain. In this round, the Foundation received several valid applications and carefully evaluated each one.

The applications received ranged from builder tools to educational content. Several pools received honorable mentions for their significant contributions to the Cardano community. The organization identified a selection of applications as valuable contributions through a random draw. The Foundation plans to open a new application form later this year for the next round of redelegation.

The Cardano Foundation’s redelegation process for Wallets 9 shows its commitment to building a strong ecosystem and supporting stake pool operators who make significant contributions to the community.

The simplified application process and random draw selection ensure fairness and transparency in the redelegation process. The next round of redelegation, scheduled later this year, is an opportunity for more SPOs to contribute to the growth of the Cardano ecosystem.

The post Cardano Foundation Completes Successful Redelagation for Wallets 9, Empowering Stake Pool Operators as Architects of the Future appeared first on ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet..