We are excited to announce that Safe{Wallet} has joined the Kiln Onchain platform to offer native ETH staking as the first step in our collaboration. This brings Kiln's Dedicated Validators directly into the Safe{Wallet} interface, allowing individuals, DAOs, treasuries, and enterprises to stake ETH with ease and security.
Safe{Wallet} users can now stake in multiples of 32 ETH—the required amount to operate an Ethereum validator. By staking, you actively contribute to the security and decentralization of the Ethereum network while earning rewards for your participation.
Our integration ensures you remain in full control of your assets throughout the staking process. The staking process is facilitated through smart contracts that have undergone multiple rigorous audits by leading security firms, including Spearbit, Halborn, and Ledger Donjon. Rewards are distributed onchain ensuring complete transparency and traceability, allowing you to track your staking activity without the need for intermediaries.
“We’re excited to integrate Kiln into Safe{Wallet}. We continue to see strong interest in ETH staking from our users, and with Kiln, we’re pleased to provide secure staking solutions to millions. Safe{Wallet} users can now deploy their own validators and stake Ethereum fully onchain, all while enjoying the robust security that Safe{Wallet} offers.” — Julian Grigo, Head of Institutions and Fintech at Safe
"At Kiln, our mission is to make ETH staking seamless and secure for everyone. We are grateful to Safe{Wallet} for trusting us to collaborate on this ETH staking project, which represents an exciting first milestone in our partnership.” — Laszlo Szabo, Co-Founder and CEO at Kiln
How it works
Staking your ETH through Safe{Wallet} is straightforward:
- Access Safe{Wallet}: Open your Safe{Wallet} and access the ‘Stake’ menu; an interface powered by Kiln’s Dedicated Validators.
- Choose Your Amount: Stake any multiple of 32 ETH.
- Confirm and Stake: With a few clicks, your ETH is staked securely. The process allows you to maintain complete control over your ETH.
- Monitor Your Rewards: Kiln’s infrastructure provides transparent tracking of your staking activity, accessible directly within your Safe{Wallet}.
Limited-Time Offer: Stake during this one-month period from 10.10.24 to 10.11.2024 and enjoy a 6% fee on rewards for the entire duration of your stake—the most competitive ETH staking in the industry, compared to the average fee of 12%*
Why stake with Kiln?
Kiln is the leader in Ethereum staking, managing $8.6 billion in digital assets and a 4.5% share of all ETH staked—outperforming the network average and maximizing your potential staking rewards.
The Ethereum Foundation has recognized our proactive risk management practices*. Thanks to these best practices, we have recorded zero penalties or slashing incidents while validating on 40+ Proof-of-Stake networks. In addition to our robust track record, Kiln is SOC 2 Type II certified.
Access the staking interface through your Safe{Wallet} and start staking with Kiln today. More updates are coming soon.
About Safe{Wallet}
Safe{Wallet} stands as the leading wallet for Safe smart accounts and technology, provided as free open-source software under the GNU General Public License, Version 3. For a comprehensive list of attribution notices for third-party software that may be contained in portions of the Safe{Wallet}, please visit https://app.safe.global/licenses. The website https://app.safe.global is operated by Core Contributors GmbH, Berlin, Germany. Safe{Wallet} is a registered trademark owned by the Safe Ecosystem Foundation. The Safe Ecosystem Foundation does not operate any implementations of Safe{Wallet}. Third parties may hold licenses for the Safe trademark and operate implementations of Safe{Wallet} under the foundation's trademark policy available at https://safe.global/trademark and/or other license agreements.
About Safe
Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing billions in assets today. Released as an open source software stack by the Safe Ecosystem Foundation, it is establishing a universal smart account standard for secure custody of digital assets, data, and identity. Safe is built for the mission to unlock digital ownership for everyone in web3, including DAOs, enterprises, retail, and institutional users. Website, Twitter, Discord, Blog, GitHub, Docs.
Legal Disclaimer
This is not an offer to sell or a solicitation of an offer to purchase any SAFE tokens and is not an offering, advertisement, solicitation, confirmation, statement, or any financial promotion that can be construed as an invitation or inducement to engage in any investment activity or similar.
Please note that the use of and access to the Safe{Wallet} is subject to terms and conditions provided by Core Contributor GmbH. Also, please note that the staking feature is operated by a third party provider and is subject to terms and conditions provided by that third party provider. The Safe Ecosystem Foundation makes no representations, warranties and/or covenants with respect to the Safe Technology (or any implementations of the Safe{Wallet} and/or Safe Smart Accounts) or any third party DeFi protocols, as to their technical properties and/or characteristics or performance, or their actual or potential usefulness or suitability for any particular purpose. You should not rely on the content herein for advice of any kind, including legal, investment, financial, tax, or other professional advice, and such content is not a substitute for advice from a qualified professional.
About Kiln
Kiln is the leading digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $8.6 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 4.5% of the network; this includes 43,000+ active validators with 0 slashing events.
*The average fee is based on Kiln’s internal analysis of publicly available data from various industry participants as of October 8th, 2024. Competitor rates may vary and are subject to change without notice. This offer applies to the first month only, and Kiln does not guarantee the continued accuracy or completeness of the comparative information.
** Kiln’s best practices and research on Ethereum:
- Modelling correlated slashing risks on Ethereum
- Monitoring Ethereum infrastructure at scale
- Ethereum upgrades at scale
- Ethereum anti-slashing strategies
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