Cardano L-Parameter Simulation
Simulate the impact of the Pledge Leverage parameter on all Cardano stake pools. Move the L slider and see which pools would become oversaturated.
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What is the L-Parameter?
L (Pledge Leverage) is a proposed new Cardano protocol parameter. It defines the maximum ratio between a pool's delegated stake and its pledge.
When a pool exceeds the limit L × Pledge, any stake beyond that threshold is considered oversaturated and does not contribute additional rewards. This creates an incentive for pool operators to commit more ADA as pledge.
Effective Stake = min(Live Stake, L × Pledge, Saturation Cap)
Example: With L=1000 and a pledge of 10,000 ₳, a pool can support up to 10,000,000 ₳ (10M) in stake before becoming oversaturated. The global saturation cap (k-parameter) is currently ~71.7M ₳.