2

Sorry if the question seems trivial/silly, but where is the ~10B ADA that is not actively staked? It seems like any actor (individual, business, exchange, etc) has every incentive to stake their ADA. Even if a lot of people are holding their ADA on exchanges, I would expect that exchange to stake it for them and reap the rewards... so what gives?

(Perhaps we can exclude the ~700 million that is in the catalyst treasury, but still its a a LOT of unstaked ADA.

1 Answer 1

2

This is a great question. I was thinking a very similar thought the other day. However, I am thinking it has to be exchanges.

This is speculation but I would imagine staking someone else's Ada posses a legal risk. I don't think it would be far fetched for someone to file an Antitrust law on them for doing so (at least in the U.S). This is also why I think Binance US doesn't allow staking Ada.

Again, this is speculation, but it is what I have came up with as the reasoning.

I hope it helps! And please correct me if any of this is known to be false.

3
  • 2
    I would agree completely if it weren't for the ~60 or so fully saturated pools that Binance operates on mainnet. Maybe they have some special legal provisions that other exchanges don't have, but for some reason I doubt it. I'm also speculating, but there's no way they own >3B ADA.
    – zhekson
    Nov 10, 2021 at 19:09
  • 2
    You are on the same brainwave as me. I was thinking that Binance is for sure staking US wallets and not rewarding them. But I am thinking Coinbase and other exchanges, maybe? Nov 10, 2021 at 19:11
  • 1
    Gonna have to try and get this one in on one of Charles' next AMA's :)
    – zhekson
    Nov 12, 2021 at 16:34

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.