Blockdaemon Empowers Institutions with Secure Non-Custodial Staking and DeFi
Are you an institution looking to navigate the complex world of cryptocurrency with confidence? Infrastructure provider Blockdaemon has just unveiled a significant offering designed specifically for you. They’ve launched a new service aimed at providing secure, compliant access to the growing opportunities in staking and decentralized finance (DeFi).
Blockdaemon’s New Institutional Staking and DeFi Service
Blockdaemon, a leading institutional blockchain infrastructure provider, has officially launched its new service called Earn Stack. This platform is engineered to deliver institutional-grade access to both DeFi yield farming and Proof-of-Stake (PoS) staking across a wide array of protocols. With support for more than 50 different protocols, Earn Stack offers institutions a broad landscape of potential yield-generating activities within the crypto ecosystem.
A key highlight of Earn Stack is its focus on being non-custodial. This means that institutions retain control of their underlying assets while participating in staking and DeFi activities facilitated by Blockdaemon’s infrastructure. This approach aligns with recent regulatory discussions and provides a layer of security and control often preferred by institutional players.
Secure, Non-Custodial Access to Crypto Yield
Blockdaemon emphasizes the secure and non-custodial nature of its Earn Stack. For institutions, maintaining direct control over assets is paramount. By offering a non-custodial solution, Blockdaemon addresses a critical requirement for institutional adoption of crypto yield strategies. The company backs its institutional focus with strong security and data management certifications, including ISO 27001 and SOC 2 compliance.
Konstantin Richter, founder and CEO of Blockdaemon, highlighted the need for robust infrastructure tailored to sophisticated users. He stated that crypto-native institutions and protocol developers demand institutional-grade solutions. Richter also pointed to the platform’s features like 100% slashing protection for staking and seamless DeFi integration via institutional-grade APIs as key benefits.
Streamlined DeFi and Staking Integration
Earn Stack is designed for ease of integration into existing institutional systems. Blockdaemon offers a no-code widget that allows customers to embed multichain staking and DeFi functionality with minimal technical effort. For more tailored setups, internal APIs are available. These include a DeFi API that aggregates liquidity and pricing data, a staking API providing standardized access across various blockchains, and a staking reporting API to help track rewards efficiently.
The product supports various yield-generating activities, including participation in DeFi liquidity pools and lending protocols, alongside PoS staking on major networks. This comprehensive approach provides institutions with multiple avenues to earn yield on their crypto holdings through a single platform.
Increasing Interest in Institutional Staking and DeFi
Blockdaemon’s launch comes at a time of growing institutional interest in crypto yield strategies. Recent developments, such as crypto exchange Kraken launching a new Bitcoin staking product and staked Ether (ETH) reaching all-time highs, underscore this trend. Experts like Kean Gilbert from the Lido Ecosystem Foundation have noted that increasing institutional demand for Ethereum staking is driving the need for tailored custody and infrastructure solutions.
The market anticipates further institutional engagement, with analysts suggesting that the first Ether and Solana (SOL) staking ETFs could potentially debut in the United States in the near future. This evolving landscape indicates a clear demand for the type of secure, compliant, and accessible services that Blockdaemon’s Earn Stack aims to provide.
Conclusion: A Key Step for Institutional Crypto Adoption
Blockdaemon’s launch of Earn Stack marks a significant step in building the necessary infrastructure for broader institutional participation in the crypto economy. By offering a secure, non-custodial service that simplifies access to both staking and DeFi across numerous protocols, Blockdaemon is addressing key concerns around security, compliance, and operational complexity. As the institutional appetite for crypto yield continues to grow, platforms like Earn Stack will play a crucial role in bridging the gap between traditional finance and the opportunities presented by decentralized networks.
