Cardano

2024

when

Rewards

<ul class="wp-block-list news-points">
 <li><strong>Charles Hoskinson confirms ADA holders won’t lose staking rewards for abstaining from voting.</strong></li>
 <li><strong>ADA holders have three options for governance: vote no confidence, abstain, or delegate.</strong></li>
 <li><strong>Wallets like Lace automatically select “abstain” to simplify the staking reward process.</strong></li>
</ul>
<p>Charles Hoskinson, the founder of Cardano, recently addressed concerns raised by ADA holders about potentially losing staking rewards due to upcoming governance changes. In a social media post, Hoskinson clarified the available options for users, emphasizing that abstaining from governance votes will not result in any loss of rewards.</p>
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">To clarify, a user to withdraw staking rewards from the network has to choose one of three options: a vote of no confidence, abstain, or delegate to a drep. Wallets like lace will in the UX automatically choose abstain if a user selects delegation only thereby simplifying the…</p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1831519345639596140?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 5, 2024</a>
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<h2 class="wp-block-heading" id="h-ada-holders-have-three-choices">ADA Holders Have Three Choices</h2>
<p>Hoskinson outlined three choices for ADA holders when withdrawing rewards: voting “no confidence,” abstaining, or delegating to a decentralized representative (dRep). This system ensures that us…</p>
<p>The post <a href="https://coinedition.com/ada-staking-rewards-safe-hoskinson-clarifies-cardano-governance-changes/" rel="noopener noreferrer nofollow">ADA Staking Rewards Safe: Hoskinson Clarifies Cardano Governance Changes</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

ADA Staking Rewards Safe: Hoskinson Clarifies Cardano Governance Changes

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