Coinmerce partners with Kiln to elevate staking solutions
As part of our collaboration with Coinmerce, a leading European cryptocurrency platform, we are enhancing and expanding Coinmerce's staking offerings.
Coinmerce has seamlessly integrated Kiln's state-of-the-art staking services on Ethereum, Solana and Polygon.
This strategic move enables Coinmerce to operate stakes across various networks with the flexibility to support additional protocols in the future, leveraging the Kiln Dashboard. The result is a unified, user-friendly experience that simplifies the staking process.
“Kiln has greatly facilitated the way we run staking Coinmerce operations and how we monitor it. It’s super easy to manage stakes for all protocols and get instant feedback through real-time data with Kiln Dashboard”
— Lars Heerink, Head of Treasury at Coinmerce
By adopting Kiln Dashboard, Coinmerce not only streamlines staking across a wide range of custody solutions but also provides unparalleled transparency and control over staking activities with real-time data. This will undoubtedly elevate the staking experience for their customers like never before.
This collaboration is a significant milestone in our mission to offer enterprise-grade staking solutions, and we are incredibly excited to witness how Coinmerce leverages this capability to the fullest for the benefit of their users.
“We’re delighted to see Coinmerce leveraging Kiln’s products to expand staking opportunities and smoothen their operations. We’re looking forward to deepening this partnership in the future!”
— Laszlo Szabo, CEO and Co-founder of Kiln
The staking opportunity
Staking in Proof-of-Stake (PoS) blockchains entails locking native tokens, which in turn grants you the right to contribute to the network's security as a validator. Validators play a crucial role in reviewing transactions on the blockchain and bundling them together into new blocks. As compensation, validators earn rewards for those stakers who delegate their digital assets.
With the rewards, token holders can grow their digital asset holdings while participating in network security and governance.
Staking is considered a natural way to earn rewards in the crypto space as it derives value from the inflation of the blockchain's native asset and transaction fees, where the protocol is the counterparty.
Ethereum is the largest PoS blockchain by market cap and developer activity. However, only about 22%* of the ETH supply is currently staked, contrasting with 50-80% staking ratios on other PoS blockchains. This shows it’s only just the beginning for Ethereum staking.
About Coinmerce
Coinmerce is the largest Dutch crypto broker that focuses entirely on usability and simplicity to offer its users a safe, educational, simple and enjoyable experience.
About Kiln
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Kiln runs validators on all major PoS blockchains, with over $2.2 billion crypto assets being programmatically staked, and running over 3% of the Ethereum network on a multi-cloud, multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators, and reporting and commission management, enabling custodians, wallets and exchanges to streamline staking operations across providers. Kiln is also SOC2 Type 2 certified.
* Source: https://www.stakingrewards.com/ as of October 4th, 2023
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