Staking


Finance

Crypto Custodian Taurus Enlists Lido to Bring Liquid Ethereum Staking to Swiss Banks

Taurus, which counts Deutsche Bank and Santander as partners, expects European jurisdictions to follow Switzerland’s example.

From left to right: Lamine Brahimi, Co-Founder and Managing Partner; Dr. Jean-Philippe Aumasson, Co-Founder and CSO; Oren-Olivier Puder, Co-Founder and Chairman; Sébastien Dessimoz,  Co-Founder and Managing Partner (Taurus)

Policy

Floki Team Responds to Hong Kong Regulator Warning

Hong Kong's Securities and Futures Commission labeled Floki and its staking program a suspicious investment product.

Credit: Pixabay

Finance

Ethereum Staking Platform Kiln Raises $17M for Global Expansion

The crypto firm plans to grow its business in Asia-Pacific with the opening of a new regional headquarters in Singapore.

Kiln CEO Laszlo Szabo (Kiln)

Tech

Fantom Slashes Validator Staking Requirements by 90%, FTM Prices Unchanged

The move could help improve network security as validators are more widely distributed across the world, developers said.

(Micheile/Unsplash)

Tech

Ethereum Validators Forced to Wait Days to Unstake Amid Celsius Withdraws

This means there is now a 5.6 day wait for validators to exit the Ethereum blockchain.

Ethereum has a backlog of validators waiting to exit the chain. (Koushik Pal/Unsplash, modified by CoinDesk)

Markets

Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure

The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited on crypto exchange Coinbase.

(Unsplash/Modified by CoinDesk)

Tech

Chainlink Staking Program Quickly Pulls in $600M, Hitting Limit; LINK Jumps 12%

The blockchain-oracle project's "v0.2" staking program expanded the capacity to 45M LINK tokens from 25M, and the portion reserved for the community quickly filled up. The LINK token surged in price.

Chainlink co-founder Sergey Nazarov speaks at the project's SmartCon conference in Barcelona. (Chainlink)

Finance

Bitcoin Project Babylon Raises $18M to Bolster Development of Staking Protocol

The fundraise was led by Polychain Capital and Hack VC and included contributions from Framework Ventures, Polygon Ventures, Castle Island Ventures and OKX Ventures.

Funding (Gerd Altmann/Pixabay)

Consensus Magazine

Lido DAO Democratized ETH Staking, Then Dominated It

Lido has become a victim of its own success, attracting criticism as its share of staked ether has grown to nearly one-third. That's why it's one of CoinDesk's Most Influential of 2023.

Lido's boosters say it has helped keep Etheruem staking from falling into the hands of a few large actors. (Image by Mason Webb)

Markets

Liquid Staking Tokens Are a Hot Ticket for 2024

The staking market was the brightest spot in DeFi this year. The arrival of liquid staking token finance is set to turbocharge activity next year.

(Matt Hardy/Unsplash)

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