Cardano network users can now enhance the decentralization of the mainnet by staking and delegating their ADA coins to up to ten staking pools with the Lace 1.7 upgrade.
The Lace team has announced that the upgrade not only allows for ADA staking changes but also includes notable bug fixes to create a seamless user interface for mainstream adoption of web3 products.
Developers from IOHK Group, leading the Cardano (ADA) team, have made significant improvements to the mainnet to enable its smart contracts to compete with other layer-one blockchains.
In the latest release, the Lace protocol, a web3 wallet developed by IOHK developers, has unveiled a major upgrade to version 1.7, bringing a fresh look to the Cardano community.
Lace 1.7 enhances the web3 wallet by incorporating more multi-staking and resolving bugs identified during the beta phase. Notably, it allows users to stake their ADA coins in up to ten staking pools, doubling the previous limit of five.
The Lace team introduced additional bug fixes and a new balancing feature through the 1.7 upgrade. The new face of the Lace web3 wallet includes a warning banner in the staking section to alert users if their specific portfolio is drifting, enabling them to readjust according to their preferences.
Moreover, Lace 1.7 introduces an upgraded pool alert for retirement and saturation, ensuring that Lace users do not miss anything in multi-delegations.
The Lace team has made various improvements to enhance user experience, such as patching up responsiveness issues, introducing new dynamic buttons to simplify portfolio adjustments, and upgrading pool card designs in the portfolio management drawer.
Notable bug fixes in the Lace 1.7 upgrade include correcting the Total Rewards/Last Rewards display in the staking section to provide accurate and timely data.
With the latest Lace upgrade, users can now rest assured that the issue of displaying “No Funds” in the staking section has been addressed. The display of long staking pool names has also been improved, among other notable changes.
The Lace 1.7 upgrade is a significant step towards Cardano decentralization and the mainstream adoption of ADA web3 products. Currently, there is a total ADA stake of about 22.98 billion through 3,117 staking pools, with 10.04 million ADA distributed in rewards.
As a result, the ADA price is expected to rally in the coming quarters after a successful breakout from the 2022 crypto bear market. According to the latest market data, ADA price reached around 38 cents on Thursday, marking a 35 percent increase in the past four weeks.