Validation Cloud, a Web 3.0 infrastructure platform, has introduced a staking-as-a-service platform specifically designed for institutional clients. This platform allows institutions to utilize multiple validators simultaneously and earn rewards by automating smart contract activities. It is important to note that this staking service is non-custodial, which means that Validation Cloud has no control over the assets staked.
Key Features of the Validation Cloud’s Institutional Staking Platform
The platform offers several key features that are particularly attractive to institutional staking providers. Firstly, it enables bulk validator deployment, allowing institutions to launch a large number of validators at once. As validators play a crucial role in validating and securing blockchain networks, this capability is highly significant.
Secondly, the platform utilizes smart contracts to automate the staking process and the distribution of rewards. By streamlining these processes, it simplifies staking operations for institutional clients. Additionally, since the platform is non-custodial, institutions maintain complete control over their staked assets, aligning with the principles of decentralized finance.
The Benefits of the Platform for Institutions
According to Alex Nwaka, the Chief Strategy Officer at Validation Cloud, this platform is tailored to meet the specific needs of institutional stakeholders. The key benefits include the ability to stake assets on-demand and transparently distribute rewards on-chain. Automating these tasks reduces manual effort and administrative costs. Moreover, the platform is SOC2 compliant, adhering to rigorous data security standards. This compliance provides institutions with confidence in the platform’s security practices.
Nwaka emphasizes the significant market implications of institutional staking. As institutions increasingly stake large amounts of crypto assets, the volume of staked assets across blockchain networks is expected to surge. Consequently, staking platforms must possess advanced performance, scalability, and compliance capabilities in order to effectively serve institutional clients.
About Validation Cloud
Since its launch in 2017, Validation Cloud has been committed to connecting organizations to Web 3.0 by providing fast, scalable, and user-friendly platforms. The recent introduction of a staking solution for institutional staking providers aligns with the company’s overarching goal. With this platform, institutions can stake efficiently and on a large scale without disrupting the overall market or resorting to subpar services. This solution is particularly significant as the market continues to grow, with more institutions expected to venture into staking in the near future.
Frequently Asked Questions (FAQ)
What is Validation Cloud’s staking-as-a-service platform?
Validation Cloud’s staking-as-a-service platform is a platform designed for institutional clients to stake crypto assets using multiple validators simultaneously and automate smart contract activities to earn rewards.
What are the key features of Validation Cloud’s platform?
The platform offers bulk validator deployment, allowing institutions to launch a large number of validators at once. It also utilizes smart contracts to automate the staking process and reward distribution. Additionally, the platform is non-custodial, meaning institutions retain control over their staked assets.
What benefits does the platform offer to institutions?
The platform enables institutions to stake assets on-demand and transparently distribute rewards on-chain. It reduces manual tasks and administrative costs through automation. The platform is also SOC2 compliant, ensuring adherence to rigorous data security standards.
Why is institutional staking significant?
Institutional staking has significant market implications as it is expected to increase the volume of staked assets across blockchain networks. This growth necessitates staking platforms with advanced performance, scalability, and compliance capabilities to meet the needs of institutional clients.