Cardano continues to head on towards Decentralized Finance, while the third era of the Foundation is expected to be released in March 2021, the team inside the network continue updating the Cardano ecosystem.
There are several updates expected in December, k – Cardano’s parameter of the rewards scheme that sets this ‘soft-cap’ on the pool size. As stated by the foundation, the k will be set to 500 allowing small pools with staking of 64 million ADA to operate, whereas during the launch of Shelley k = 150 with a limitation of the pool size of 210 million ADA. Cardano will later switch to smaller capped pools by increasing k to 1000 in March 2021, betting on the larger quantity of smaller pools rather than a smaller quantity of large capped pools, to increase the profitability of each pool.While Cardano is working on it’s complete transition to DeFi, ADA/USD made a significant breakout. Yesterday cardano was trapped between two Moving Averages, MA100 and MA200, today it’s traded at $0.10800, above MA100.
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