Blockdaemon, a number one blockchain infrastructure platform, introduced right now it has partnered with StakeWise to ship an institutional-grade liquid staking product for Ethereum 2.0 (Eth2).
The AML compliant product limits interplay to KYC’d funds solely and deploys an audited sensible contract. As a part of the collaboration, StakeWise will obtain a strategic funding from Blockdaemon and boldstart ventures, a VC fund centered on early-stage investments into monetary infrastructure startups.
Quickly, Blockdaemon and StakeWise will likely be rolling-out the testnet for the Eth2 liquid staking product.
Blockdaemon + StakeWise
StakeWise gives Eth2 liquid staking, presently, round 50k Eth is delegated to StakeWise’s validators. Immediately, round $11B is delegated to Blockdaemon validators, and now Blockdaemon will run the validators for the StakeWise Eth2 liquid staking product.
“We’re the bedrock infrastructure for institutional crypto staking. We provide a 100% slashing assure, which means any lack of funds by the hands of Blockdaemon is roofed by us. Our world-class workforce of one-hundred international engineers ensures high quality staking. Blockdaemon’s dedication to regulatory compliance makes it uniquely suited to this progressive providing. We’ve sturdy KYC/AML compliance insurance policies and procedures. We monitor on-chain behavioral indicators and usually carry out danger scores. To facilitate a better alignment of pursuits within the new enterprise with its strategic companions, StakeWise will obtain funding into SWISE from Blockdaemon and Boldstart. The transaction won’t have an effect on the group’s share of SWISE possession within the protocol.”
– The Blockdaemon Workforce