Cardano">Cardano founder Charles Hoskinson recently highlighted the latest release of the Lace wallet in a tweet. The Lace platform, launched on mainnet in April 2023, has undergone multiple upgrades since its introduction, adding new features and boosting usability.
Hoskinson eagerly announced on Twitter that the long-awaited multi-delegation capability is now available on Lace. He mentioned that delegation portfolios will build on this functionality in the next release.
With the launch of Lace 1.5, the Cardano Web3 light wallet Lace has received a transformative update. The new release includes a beta version of multi-delegation, also called multi-staking. This enables Lace users to delegate their ADA to various stake pools without having to divide funds across multiple accounts. Users can now stake ADA in up to five pools simultaneously, with potential for this to rise in the future. The new release, allowing beta multi-delegation, comes in response to user demand.
However, Ledger hardware wallets do not yet support multi-staking. Developers have indicated work is underway to incorporate support in upcoming versions.
Per an Insights report from on-chain analytics provider Santiment, Cardano remains a top 10 project by development activity. While Cardano had outpaced Polkadot and Kusama in development growth earlier this summer, that has since reversed. Still, Cardano ranks as one of the top three assets by development work.
With ADA price still depressed at $0.247, the Cardano project persists with development. Santiment notes robust GitHub activity signals confidence in a project’s success, potential for new features, and unlikelihood of being an exit scam.
