May 2023

Bulletin

We're thrilled to announce that Kiln has become the first SOC 2 Type II compliant staking technology provider.

SOC 2 Type II is an auditing standard developed by the American Institute of CPAs (AICPA) that assesses the effectiveness of a company's controls related to security, availability, processing integrity, confidentiality, and privacy. This certification was granted to us after an in-depth audit with Prescient Assurance for the past six months.

This achievement is a testament to our unwavering commitment to security and our position as a trusted provider of staking services.

We are thrilled to announce that we have doubled our previously staked amount, reaching over 100,000 ETH staked on Ledger Live in less than two weeks after the Shanghai upgrade.

This achievement marks a significant acceleration in the demand for a trusted on-chain staking solution among retail users, as it took us five months to reach the 50,000 ETH milestone before.

Thank you to all Ledger Live users who have entrusted us with their ETH for staking. Let's continue to make ETH staking accessible to everyone!

In addition to Nexus Mutual, Kiln customers can now cover their staked position against slashing with Chainproof, a leading regulated insurer for crypto related risks, reinsured by Munich Re.

While we've never experienced a slashing event thanks to our strong anti-slashing strategies, the risk is never zero.

By expanding our network of coverage partners, we now offer the most complete slashing coverage to institutional customers, prioritizing the highest levels of protection.

Kiln has been selected as part of Swell Network's inaugural cohort of node operators! Swell is a new non-custodial ETH liquid staking protocol that helps optimize reward in DeFi.

With Kiln on board, Swell Network users can expect enhanced staking rewards optimization and increased access to new opportunities in the rapidly evolving world of decentralized finance.

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