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Cardano Foundation Selects 45 Stake Pools for Delegation Out of 188 Applicants In October

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45 Cardano stake pools were selected out of 188 applicants.

Cardano Foundation has released a list of Cardano stake pools selected for delegation for October 2022.

“Today, we did the redelegation of the Cardano Foundation Wallets,” the organization noted in a recent announcement.

According to the announcement, Cardano Foundation received 188 applications for this month’s stake pool delegation. Of the 188 applications received, 58 of these pools were selected for their outstanding contributions toward the growth of the Cardano ecosystem. 

Out of the 58 pools considered to be outstanding, 45 pools were selected for this month’s delegation by the Cardano Foundation.

“We have identified 58 of them as outstanding contributions […] We did a random draw and delegated to 45 pools,” the announcement added. 

Some of the pools selected include GimbalPool (GMBL), Everest Stake Pool (EVT), Nomad Pool (NOMAD), RDLRT StakePool (RDLRT), and (CCIO), etc.

The non-profit organization stated that it had been exactly a year since it changed the delegation strategy of stake pools to support promising projects.

However, participation in this round of stake pool delegation was very low compared to previous rounds. This is because some bigger stake pools chose not to participate in this round to give smaller projects a chance.

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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