Editions: Daedalus Rewards
Components: Daedalus Rewards
Optimized delegation could be very time consuming, please seriously consider creating a staking bot for people who prefer to use a fully automated delegation system. This would be simmilar to trading bots where preference parameters are input allowing the user to set and forget.
I thought it would be cool for people to be able to automate delegation because i know people don't really get time to constantly check their pools and would find a delegation bot very useful to allow them to avoid pools that get oversaturated.
I also thought it could help improve the Cardano staking mechanism to help avoid certain pools from dominating the ecosystem and making a 51% attack possible. Although i understand that a 51% attack is not possible at the moment with the majority owned by trustworthy entities like IOHK and the Cardano Foundation.
Also, automated delegation could possibly help make the staking mechanism fairer and simpler for everyone so that the rewards are evened out more amongst everyone involved with staking.
Like imagine a Zulu warrior in Africa trying to delegate his or her ADA with their phone in the jungle every day, it would not be an easy task for this person to keep their ADA efficiently staked. So i propose a fully automated delegation bot that handles it fairly and efficiently for them.
Maybe IOHK could utilise trusted staking bots to help harden and improve the staking system.
One thing to consider is that if 51% of stake in the system was using the same bot, that would pose a significant risk to the system.
Saturation is used to keep the pools from dominating the system.
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