Safe’s Post

Cold Staking, sometimes referred to as offline staking, is a game changer for exchanges and institutions, particularly when regulations or contractual obligations require assets to be continuously stored offline. The blog: Cold Staking - Enjoy The Benefits of Cold Storage and Staking Seamlessly introduces the concept and benefits of cold staking and the opportunities to stake directly from cold storage to maximize digital asset security, staking rewards, and operational efficiency. Cold staking, transaction risk assessment and other new features are now available in the Blockdaemon Institutional Wallet sandbox. Register today to begin your free trial today.

#News #layer1 #MPC #MultichainTransactions #NEARProtocol Near Protocol Introduces Multichain Transactions From Single Account: The layer-1 Near Protocol can now support chain signatures; according to the Near Foundation, this development grants near-account holders access to multiple chains. According to a press release, Eigenlayer, an Ethereum-based restaking project, has joined Near as a launch partner, enhancing the Chain Signatures network’s security. The decentralized multi-party computation (MPC) network and Near’s validators […] The post Near Protocol Introduces Multichain Transactions From Single Account appeared first on Coinscreed.

EigenLayer is redefining what's possible for ETH stakers, introducing restaking. Below is a comprehensive article that dives into EigenLayer. Find out how this new development is set to enhance the Ethereum staking landscape. Read the full article by Ben Thalman, CFA here: https://lnkd.in/eqgkuk_N 

Optimism extends Ethereum, offering users and developers the opportunity to leverage Ethereum's robust security assurances at a reduced cost and faster pace. According to Optimism, it is a swift, reliable, and scalable Layer 2 solution crafted by Ethereum developers specifically for the Ethereum community. What this means to users on BitGo: the ability to support more tokens across L2s on ETH and securing digital assets custody on the leading Custodian in crypto for both hot, cold and custodian wallets. Read more on this blog: https://lnkd.in/gN8qyrNP  

Curious about how #AccountAbstraction is changing the Ethereum landscape? EIP-4337 introduces a new way to enhance #security, streamline transactions, and improve user experience. By enabling customizable smart accounts, it eliminates the need for complex seed phrases and opens up innovative possibilities for #dApp development. Unlock the potential of Ethereum's future and explore how EIP-4337 can elevate your projects! https://lnkd.in/g28KvxAE #Ethereum #EIP4337 #BlockchainDevelopment #CryptoInnovation

Today, we’re introducing enterprise-grade staking for payments and stablecoin companies, ensuring top security and compliance for Proof-of-Stake rewards with Bastion. Here’s what it means. 👇 For Bastion enterprise customers, they can expect: ✅ Accessibility to staking rewards from leading Proof-of-Stake blockchains leveraging Figment’s trusted infrastructure ✅ Adherence to AML/CFT and other regulatory requirements while unlocking staking opportunities, supported by Bastion’s compliance measures and Figment’s robust network infrastructure. ✅ Seamless integration with Bastion’s API-driven solution empowers businesses to stake effortlessly, eliminating the need for staking-specific wallets or complex setups. Read more in our collaboration announcement here. 🔗 👉 https://lnkd.in/eJ9kkFEY

Bastion is proud to announce a new partnership with Figment, enabling enterprise-grade staking for payments and stablecoin infrastructure. As a result of this partnership, all companies building payments and stablecoin infrastructure can now access enterprise-grade staking capabilities directly from a wallet API with regulatory compliance built-in. 💵 🔐 This unlocks new opportunities for earning rewards on Proof-of-Stake blockchains while maintaining high security and compliance standards. 🇺🇸 🏦 Read more about the partnership and how it allows companies to benefit from staking while maintaining focus on core business goals: https://lnkd.in/eJ9kkFEY

Since its inception in 2018, Safe has been at the forefront of pioneering smart accounts on Ethereum. Safe has now become the largest smart account infrastructure in the industry with over 8 million smart accounts deployed. Safe has evolved into arguably the most Lindy smart contract on Ethereum holding >100B+ worth of assets and is deployed on 100+ EVM networks. But this is just the beginning of the journey. Read about the Future of Safe: https://lnkd.in/eKC8s3Vu

Dive into my latest blog where I break down smart contract wallets and the game-changing ERC-4337! 🚀💡 Some key takeaways: 🔻 Smart contract wallets automate tasks like bill payments and set personalized security rules, offering superior control over your assets. 🔻 With ERC-4337, cryptographic complexities are managed directly in smart contracts, making transactions safer and more user-friendly. 🔻 Traditional wallets rely on manual key management, while ERC-4337 simplifies and enhances wallet functionality with advanced security and automation. Read the complete breakdown here: https://lnkd.in/emBftzCt I’d love to hear what you think in the comments! 💫 #BlockApex #SmartContractWallets

Unlocking Greater Value from Ethereum: An Introduction to Liquid Restaking Personal analysis, not related to my work 🚀 Introduction: Put your #Ethereum to work with #LiquidRestaking instead of letting it sit in your wallet. Let's delve into this strategy, followed by a comparative analysis of Liquid Restaking Protocols. 🌟 What is Liquid Staking? Liquid Staking involves depositing your #ETH as collateral to participate in network consensus and earn rewards. The twist? You receive a representative token, known as a Liquid Staking Token, in return, allowing you to remain liquid while continuing to earn rewards. 🔗 What is #Eigenlayer and #Restaking?  Eigenlayer allows users to "restake" their Liquid Staking Tokens (LST) on their platform to earn extra yield. Users delegate their LST to operators who are securing Advanced Validation Services (AVS). By delegating to these operators, users enable the use of their tokens to bolster AVS protocol security. This method allows AVS to inherit the security features of Ethereum through the strategic use of LSTs. 🛡️Risks: Although I always prefer to talk about potentials, a sophisticated investor unfortunately also has to talk about risks: In the EigenLayer ecosystem, stakers and operators are closely linked, especially concerning risks enforced by smart contract slashing. By delegating ETH to operators, stakers assets become tied to the operators operational integrity. If an associated operator acts maliciously, EigenLayer enforces slashing in response to misconduct, which leads to the user loosing parts of his stake Furthermore, vulnerabilities in the protocols (AVS) developed on EigenLayer could cause honest nodes to be unfairly slashed. 🔄 What is Liquid Restaking? Liquid Restaking is a more advanced form of Liquid Staking. Initially, you stake Ethereum and receive a representative token, such as stETH or rETH. Liquid Restaking builds on this by allowing you to restake these tokens on Eigenlayer through an additional protocol. Rather than staking directly on Eigenlayer, a restaking protocol does this on your behalf. It stakes your liquid staking tokens and issues a new "Liquid Restake Token". This approach compounds your initial staking, offering additional rewards and enhancing your return potential and offering enhanced liquidity. 💸 Maximizing Profits through Liquid Restaking: Initially, you receive regular staking rewards for your staked Ethereum However, Liquid Restaking introduces additional layers of profit: Restaking Gains: By restaking your liquid staking tokens, you earn extra rewards on top of your initial staking rewards. Airdrops as Bonus Rewards: Both the Eigenlayer platform and various Liquid Restaking providers incentivize participation through #airdrops, which essentially are free bonus tokens 🔍 Benchmarking Providers: To assist you in making an informed decision, I have analyzed and compared all Liquid Restaking providers (As of 12.01.2024). What are your thoughts?