Blockdaemon Launches Earn Stack for Institutional DeFi and PoS Staking

Blockdaemon, a leading blockchain infrastructure provider, has unveiled Earn Stack, a comprehensive non-custodial institutional service designed to facilitate decentralized finance (DeFi) yield farming and Proof-of-Stake (PoS) staking across over 50 protocols. This new service is tailored to meet the needs of institutional clients, offering a compliant and efficient way to engage with DeFi and staking opportunities.

The launch of Earn Stack underscores Blockdaemon's commitment to providing institutional-grade solutions that align with regulatory standards. By offering a non-custodial service, Blockdaemon ensures that institutions maintain full control over their assets while benefiting from the high yields and liquidity provided by DeFi protocols. This approach not only enhances security but also fosters trust among institutional investors who are increasingly looking to integrate blockchain technologies into their portfolios.

The Earn Stack platform is designed to be user-friendly, allowing institutions to seamlessly navigate the complexities of DeFi and PoS staking. With support for over 50 protocols, the service provides a broad range of options for yield farming and staking, enabling institutions to diversify their investments and optimize returns. This flexibility is crucial in a rapidly evolving market where new opportunities and challenges emerge constantly.

Blockdaemon's Earn Stack is a significant development in the institutional adoption of blockchain technologies. By providing a compliant and efficient solution, Blockdaemon is paving the way for more institutions to enter the DeFi space. This move is likely to attract a wider range of investors, including those who have been hesitant to engage with DeFi due to regulatory concerns or the complexity of the technology. The non-custodial nature of the service further addresses security concerns, making it an attractive option for risk-averse institutions.

The introduction of Earn Stack also highlights the growing demand for institutional-grade blockchain solutions. As more institutions seek to capitalize on the opportunities presented by DeFi and PoS staking, the need for reliable and compliant services becomes increasingly important. Blockdaemon's Earn Stack meets this demand by offering a comprehensive toolkit that simplifies the process of engaging with these technologies.

Blockdaemon's new product offers both DeFi yield farming in liquidity pools and across lending protocols as well as proof-of-stake (PoS) staking on major protocols. The integration is a no-code widget that enables customers to embed multichain staking and DeFi functionality into their systems with a single integration. The company also provides internal application programming interfaces (APIs) for more customized setups. These include a DeFi API that aggregates liquidity and pricing data from multiple protocols, a staking API providing standardized staking access across blockchains, and a staking reporting API to track rewards.

Blockdaemon claims its new product enables “secure, non-custodial staking and streamlined access to DeFi,” in accordance with recent guidelines issued by the US Securities and Exchange Commission. The firm’s institutional focus is also highlighted by its claiming an ISO 27001 cybersecurity certification and SOC 2 customer data management standard compliance. Konstantin Richter, founder and CEO of Blockdaemon, said, “crypto-native institutions and protocol developers demand institutional-grade infrastructure.” He claimed that the platform also guarantees a “100% slashing protection, and seamless DeFi integration through institutional-grade APIs.”

In summary, Blockdaemon's launch of Earn Stack represents a significant step forward in the institutional adoption of blockchain technologies. By providing a non-custodial, compliant, and efficient service, Blockdaemon is enabling institutions to engage with DeFi and PoS staking in a secure and regulated manner. This development is likely to attract more institutional investors to the blockchain space, further driving the growth and adoption of these technologies.