We are thrilled to partner with Bitpanda, the leading European retail broker for buying and selling cryptocurrencies, chosen by more than 4 million investors by integrating their staking partner network.
Starting with the largest PoS blockchains - including Ethereum (ETH), Cardano (ADA), Tezos (XTZ), Cosmos Hub (ATOM), Near (NEAR), Osmosis (OSMO), Injective (INJ), Kusama (KSM), Solana (SOL), Polkadot (DOT), Polygon (MATIC) - Bitpanda users can now participate in the security of these PoS chains and earn staking rewards while doing so.
The staking opportunity
In Proof-of-Stake 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 transactions together to propose new blocks. Through these activities, validators earn rewards for the stakers who commit part of their assets.
It is often cited as the most natural way to get rewards in crypto, as the value originates from the blockchain’s native asset’s inflation and a share of transaction fees, with no counterparty risk.
Why did Bitpanda choose Kiln as its staking provider?
Due to the growing demand for staking, Bitpanda’s product team was looking for a solution that was simple and quick to implement, while guaranteeing the highest levels of security for their users. Therefore the Bitpanda product team chose Kiln as one of their staking providers:
- Security: As a non-custodial solution, Kiln does not see your withdrawal keys. To prevent slashing, Kiln experts also defined and implemented multiple layers of anti-slashing protection endorsed by the Ethereum Foundation. Slashing coverage is available in partnership with Chainproof and Nexus Mutual, both top-class, regulated smart contract insurance providers
- Full stack products: Not only did Bitpanda choose Kiln for its white-labeled and 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.
Thanks to this new product integration, Bitpanda users can now benefit from:
- Rewards ranging from 4% to 15%* GRR on Kiln’s validators.
- Ease-of-use: 1-click staking with a clear and simple interface for all supported protocols of the same format.
‘Bitpanda is a leading securities & crypto broker and one of the most impressive companies in Europe. We are thrilled that they chose Kiln to power their staking offering which fits naturally in Bitpanda’s excellent user experience.’ — Laszlo Szabo, Co-founder and CEO of Kiln
About Bitpanda
Bitpanda GmbH is a fintech company based in Vienna, Austria, to tear down the barriers to investing and personal finance through digital assets and blockchain technology like cryptocurrencies, precious metals, fractional stocks and ETFs and to bring traditional financial products into the 21st century.
About Kiln
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $2.2b stake under management, Kiln has a particularly strong track record on Ethereum as we run about 3% of the network; this includes 22,000+ validators with 0 slashing events.
*GRR from Staking Rewards as of May 10, 2023, source: https://www.stakingrewards.com/
GRR stands for Gross Reward Rate, a term commonly used in staking. It represents the total rewards earned by staking participants before any fees or deductions are taken into account.
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