Institutions will soon be able to stake, participate in DeFi and earn yield securely. This product enables full AML compliance via an audited smart contract that limits interaction to fully KYC'd funds only.
Liquid staking frees staked crypto from lockup periods. In some blockchains (e.g. Cardano) liquid staking is enabled by default at the protocol level. Other protocols (Solana, Polkadot and Eth2) rely on third parties to offer liquidity. These chains restrict staking withdrawals with a lockup period, driving the demand for liquid crypto.
The liquid staking market is the next frontier of staking growth. This growth is fueled by the increasing popularity of proof-of-stake protocols. Currently, $7.5B Eth is staked in liquid staking protocols. This translates to 20% of the total share of Eth staked in Eth2.
Liquidity is the lifeblood of Ethereum’s DeFi ecosystem. Blockdaemon and StakeWise are building an institutional-grade liquid staking solution to provide liquidity to institutions. This brings a suite of benefits to clients.
Blockdaemon and StakeWise are soon rolling-out the testnet for this exciting liquid staking product.
This will give prospective customers the chance to test out the features in a safe, early environment. Following this, a full audit will be conducted by Runtime Verification to ensure complete correctness before launch. Once these stages are completed, we’ll be ready to launch.
Learn how Blockdaemon and StakeWise are perfectly positioned to deliver an exceptional liquid staking product.
StakeWise is uniquely positioned to help deliver this industry-first product.
1. Best-in-Class Eth2 Liquid Staking Experience
StakeWise brings a best-in-class Eth2 liquid staking experience. Currently, around 50k Eth is delegated to StakeWise’s validators. This is testament to its market-tested liquid staking protocol with real customer demand and traction.
2. Strong Engineering Talent
This liquid staking product is bolstered by their deep engineering talent pool.
3. Deep Integrations into the Ethereum Ecosystem
StakeWise has a long-standing reputation as a contributor to the health of the Ethereum ecosystem. StakeWise has also nurtured lasting relationships with various DeFi projects. They have developed a roadmap to improve the security and utility of staked capital in DeFi.
Blockdaemon has years of experience delivering high-quality blockchain infrastructure
1. Industry Leading Staking Provider
Today, around $11B is delegated to Blockdaemon validators. So, Blockdaemon will run the validators for this Eth2 liquid staking product. We are the bedrock infrastructure for institutional crypto staking.
2. 100% Slashing Insurance
Blockdaemon’s 100% slashing insurance guarantee covers any risk of slashing occuring. Slashing is a feature of many proof-of-stake networks to curb malicious activity and incentivise good behavior among validators, the entities responsible for securing the network. In the unlikely event of a slashing taking place where Blockdaemon is at fault, our 100% slashing insurance guarantee covers any potential loss which may occur. This pioneering approach is testament to the strength of our infrastructure and engineering expertise in avoiding slashing events before they happen.
3. Fully Compliant
Blockdaemon’s full regulatory compliance is uniquely suited to this innovative offering. We have robust KYC/AML compliance policies. We monitor on-chain behavioral indicators and regularly perform risk-scores.
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