In an exciting development for Cardano enthusiasts, Atrium Lab has joined forces with DexHunter, unveiling a revolutionary staking basket service that promises to transform how users engage with ADA.
By facilitating distributed delegation across multiple stake pools, this collaboration is set to introduce a novel way of earning rewards in both $HUNT and $ADA.
With the mainnet launch imminent, the crypto community is abuzz with anticipation. Stay tuned for a deep dive into how this partnership could redefine staking on Cardano.
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DexHunter to Provide Rewards in $HUNT & $ADA with Their Basket
Atrium Lab, known for developing a service that allows for distributed delegation across multiple stake pools on Cardano (ADA), announced on March 16, 2024, its partnership with DexHunter, a decentralized exchange aggregator for Cardano.
DexHunter integrates data from various services, such as prices and transaction information, into a single platform where users can connect their wallets and trade various Cardano-related tokens.
Atrium has been testing a service called "staking basket" that enables the distribution of ADA across multiple stake pools. Through this partnership, DexHunter reported that it would offer a "DexHunter exclusive staking basket."
In DexHunter's staking basket, users will be able to delegate across a total of 39 pools and earn both $HUNT and $ADA. It has also been reported that Atrium will utilize DexHunter's aggregation tools to swap tokens.
Immediate Release Following Mainnet Launch
The DexHunter staking basket is scheduled to be available immediately after the mainnet launch of the staking basket service. Utilizing DexHunter's staking basket will allow users to earn "HUNT tokens" in addition to the "normal ADA staking rewards."
Atrium is currently testing a staking basket called "Diffusion," which is expected to be released on the mainnet within the next few months. Following the release of Diffusion, the Dexhunter basket is also expected to be released soon.
The Atrium staking basket allows users to deposit ADA into a specific basket to earn both "normal ADA staking rewards" and "other native tokens" (In the case of Diffusion, users can earn Atrium DAO tokens).
The emergence of exclusive staking baskets like DexHunter's suggests that we might see an increase in similar offerings in the future, making upcoming announcements in this space particularly noteworthy.
For the latest articles related to Cardano, stay tuned.
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