21 April, 2024

Cardano Web3 Wallet Lace Unveils Exciting 1.6 Upgrade With Enhanced Multi-Staking Control

11 Oct, 2023

22 Feb, 2024

  • Lace’s 1.6 release revolutionizes ADA staking, allowing users to manage their percentage of staking in up to five diverse pools.
  • Users gain unparalleled flexibility, managing stakes effortlessly with the updated and user-friendly interface.
  • This move aligns with Cardano’s push for decentralization,  increasing participation and engagement.

In a groundbreaking move, the Lace team has unveiled the highly anticipated 1.6 version of their Cardano lightweight Web3 wallet. This upgrade, which follows the successful introduction of multi-staking in the 1.5 release earlier this year, marks a significant milestone for ADA community.

The highlight of this update is the improved level of control it offers users over multi-staking. With Lace 1.6, ADA holders can now distribute their stakes across up to five pools, increasing their flexibility. Users have the liberty to stake as much or as little as they desire in each of their selected pools, revolutionizing their staking experience. This feature not only democratizes the ecosystem but also provides users with a seamless, user-friendly interface for managing their stake ratios effortlessly.

One of the key improvements introduced in this version is the enhanced visibility of multi-staking choices. Users can conveniently view all their selected pools at the top of the Browse Pools tab, streamlining the navigation process. The addition of informative tooltips to column titles further enhances the user experience, ensuring clarity and ease of use.

Furthermore, the 1.6 upgrade brings an essential functionality – the ability to configure recovery phrases swiftly, ensuring the security of users’ assets. Additionally, the wallet now displays funds from all addresses accurately post-multi-staking, even after removing a pool. This precise calculation ensures users have an accurate overview of their ADA holdings, enhancing their financial transparency.

In a move towards greater decentralization, Lace’s 1.6 version eliminates the limitations on stake delegation, offering users a more diversified and dynamic staking experience. This update aligns with Cardano’s vision of creating a truly decentralized blockchain ecosystem, empowering users to actively participate in the network’s growth.

Since its introduction on the mainnet in April 2023, the Lace light wallet platform has consistently raised the bar, introducing new features and enhancing usability. The recent addition of the multi-staking feature expanded the wallet’s functionality, allowing users to delegate their ADA to multiple stake pools, thereby strengthening Cardano’s decentralized landscape.

Recently, Cardano (ADA) has been on the verge of a potential breakout amidst significant volatility in the broader crypto market. As Bitcoin recently surged and analytics firm Santiment identified ADA among a handful of other cryptocurrencies with potential gains, traders are closely monitoring the altcoin’s next move.


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