Stakeynet operates eight voting nodes around the world: Sao Paulo, San Francisco, New York, London, Frankfurt, Mumbai, Seoul, and Sydney. Hot wallets were not rolled out until the network host providers rolled out patches for the recently disclosed speculative execution vulnerabilities. Stakeynet also maintains a separate testnet pool where patches from upstream will be tested before being pushed to this production service.
A stake pool is used to delegate your voting powers to a third party (the pool). The pool cannot steal your funds.
Participating in a stake pool is perfect for people who wish to take part in Decred's proof of stake voting but can't due to:
The source code is available at GitHub.