ChatterPay Don Bring Cardano Staking and DRep Delegation Come WhatsApp

ChatterPay don introduce Cardano staking and governance delegation for im WhatsApp wallet. Users fit choose stake pool for dia ADA and give dia governance voting power to one delegated representative wey dem dey call DRep.

Di feature build on top ChatterPay support wey already dey for sending ADA and Cardano stablecoins through text and voice messages. People fit check and change dia governance choices through di project web app.

How Staking Dey Work for ChatterPay

Staking dey start after di wallet owner give consent and choose stake pool. Delegated ADA still dey available inside di wallet and you still fit spend am. Eligible rewards go dey gather for di Cardano reward account wey link with am.

To register stake credential, e need refundable network deposit and transaction fee. Cardano protocol go return di deposit when dem deregister di credential. First rewards dey usually show after several epochs, based on how di pool dey active.

Users fit still change dia stake pool or withdraw rewards wey don gather. Each action different from di first delegation.

Governance Delegation Dey Start With Abstain

Cardano allow ADA holders to delegate governance voting power to DRep or choose one of two predefined options: Abstain or No Confidence. To delegate voting power no mean say person don transfer ownership of di ADA.

ChatterPay Tomás Di Mauro explain say di wallet dey start with Abstain as governance choice. Users fit review dat selection and change am through di web app.

Stake pool delegation and governance delegation no dey tie together. Person fit change pool without changing im governance choice, or choose different DRep while e still remain for di same pool.

After Cardano Plomin upgrade, stake credential must get governance delegation before di holder fit withdraw staking rewards. To select DRep or any of di two predefined options dey meet dat requirement.

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From WhatsApp Payments to Cardano Staking

ChatterPay introduce Cardano support for September, make users fit send ADA and supported stablecoins through WhatsApp messages. Di payment service dey use phone numbers to direct transfers, and recipients fit access wallet without first install separate Cardano wallet application.

Di project still dey part of Apex Growth Accelerator, program wey involve Draper University, Cardano Foundation and Orion Fund. As dem add staking and governance delegation, ChatterPay users now get access to more Cardano network functions join transfers.