# Staking Proxy

The Polkadot ecosystem has a feature called Proxied Accounts, these are also known as Delegated Authorities in Nova Wallet. You can learn a lot more about Delegated Authorities here: [Delegated Authorities (Proxies)](/nova-wallet-wiki/wallet-management/delegated-authorities-proxies.md)

## Staking Proxies

Staking Proxies will soon replace Stash and Controller accounts, for more details see: [Controller Account Deprecation](/nova-wallet-wiki/staking/controller-account-deprecation.md)

Staking Proxies allow you to set up another account as the Delegated Authority for your primary account. This allows you to, for example, set a hot wallet as the Staking Proxy of your Cold Storage account. This means that you can carry out a range of staking-related activities such as changing validators, bonding more tokens, unbonding, and more without having to interact with your Cold Storage account.

{% hint style="info" %}
Staking Proxies can ONLY CARRY OUT STAKING RELATED OPERATIONS – they cannot for example conduct balance transfers on behalf of the account that they are proxied to.
{% endhint %}

<div align="left"><figure><img src="/files/vicou5yntjlp6tPDPR9w" alt=""><figcaption></figcaption></figure></div>


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