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Cardano Contingent Staking
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Selected claim, supporting its parent
Contingent Staking enables new business models that would not be possible without it.
Pros
Cons
Pro claim 1
Current pool push only design ensures that any derivative products will usually be in the position of custodial handling the rewards typically a regulated activity or non compliance due to accepting rewards without paying out promised compensation.
Pro claim 2
Some people seem to think that private pools offer the same functionality as CS. They are wrong. To delegate to a private pool without CS you must relinquish self-custody, because private pools are currently only able use their own self-delegated stake. This is a big deal as it creates counterparty risk (among other potential problems such as exposing the SPO to regulations that govern custodial entities).
Con claim 1, children below
There are no new business models that cannot be attained with current push only delegations. We have private pools available already.
Con claim 2
The last thing Cardano needs is big business running pools on the network.
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