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We are excited to announce our partnership with SwissBorg, one of the leading mobile application for crypto trading with over 650,000 verified users from over 115 countries.
With this collaboration, SwissBorg app users will be able to access staking and earning rewards on the largest Proof-of-Stake (PoS) blockchains, like Ethereum (ETH), Solana (SOL), Cosmos Hub (ATOM), Near (NEAR), Polkadot (DOT), and Polygon (MATIC).
With this collaboration, SwissBorg app users will be able to access staking and earning rewards on the largest Proof-of-Stake (PoS) blockchains, like Ethereum (ETH), Solana (SOL), Cosmos Hub (ATOM), Near (NEAR), Polkadot (DOT), and Polygon (MATIC).
Understanding the staking opportunity
In PoS blockchains, staking consists of locking native tokens to earn the right to help secure the chain via a validator. Validators review transactions on the blockchain and bundle them together to propose new blocks. Through these activities, validators earn rewards for stakers who commit part of their assets.
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.
By staking, token holders can earn rewards and grow their digital asset holdings. Staking plays a crucial role in network security, governance, and contributes to the growth of the Web3 ecosystem as a whole.
Why SwissBorg chose Kiln as its staking provider?
For the past two years, SwissBorg has been dedicated to developing innovative products and features that empower users to manage their crypto portfolios effectively.
We have provided our community of app users with exciting opportunities to earn rewards on their digital assets. Building upon this success, we have recognized the growing demand for native staking as an additional avenue for users to earn rewards. SwissBorg’s product team was looking for a solution that was simple and quick to implement, while guaranteeing the highest staking rewards and superior levels of security for their users.
The team chose Kiln as their exclusive staking provider for its:
- Security: As a non-custodial solution, Kiln does not see the users withdrawal keys. To prevent slashing, Kiln experts have also defined and implemented multiple layers of anti-slashing protection endorsed by the Ethereum Foundation.
- Full stack products: Not only did SwissBorg choose Kiln for its white-labeled, dedicated validators and simple dashboard, but also for its unified rewards API used on all PoS chains. It is indeed the only way to support all PoS chains without compromising user experience and ensuring accurate reward distribution.
- Performance: Kiln operates at industry leading performance levels on the blockchains it validates on, resulting in high GRRs Therefore maximizing the return for SwissBorg app users.
‘We're thrilled to partner with a top European company to offer native staking to our users. The launch of native staking for our users through this partnership perfectly complements our existing range of rewards products, allowing our users to maximize the potential of their assets. Kiln Connect impressed our tech team with its ease of use and real-time rewards distribution monitoring, ensuring an exceptional experience for our users.’ — Nicolas Rémond - CTO at SwissBorg
Benefits for SwissBorg app users:
Thanks to this new product integration, SwissBorg users can now benefit from:
- Rewards ranging from 4% to 15%* GRR (Gross Reward Rate) on Kiln’s validators.
- Ease-of-use: 1-click staking with a clear and simple interface for all supported protocols.
‘We are thrilled to bring the power of staking to SwissBorg users. By offering staking services, we enable SwissBorg users to earn revenue on their digital assets while participating in the security of blockchains.’ — Laszlo Szabo - CEO and co-founder at Kiln
About SwissBorg
SwissBorg is a mobile application for crypto trading and accessing yield generation opportunities, with convenient fiat on-rams. SwissBorg Earn allows users to generate yield by putting their crypto to work via a single gateway to multiple DeFi and CeFi platforms The CHSB token is an ERC-20 utility token that powers the SwissBorg ecosystem and grants voting rights, access to premium memberships as well as additional rewards. Swissborg is on a mission to democratize wealth management by making it fair, fun, and community-centric.
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 $2.2b of stake under management and over 3% of the Ethereum network, running on a multi-cloud, multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators, reporting and commission management, enabling custodians, wallets and exchanges to streamline staking operations across providers. Kiln is SOC2 Type 2 certified.
*As of June 21st, 2023, source: https://www.stakingrewards.com/
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