Coinbase Custody launches staking support for Tezos and MakerDAO

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Coinbase Custody launches staking support for Tezos and MakerDAO

Coinbase Custody clients is the first full-service, regulated, comprehensively-insured, and 100% offline staking provider in crypto. In a few weeks, they will add governance support for the Maker (MKR) protocol.

Crypto-native Passive Income From Offline Assets

Proof-of-Stake (“POS”) assets incentivize participants to help secure the blockchain by “staking”, or “delegating”, their assets to someone running the blockchain software. If you delegate to a trusted node (also known as a validator), you can share in the rewards that the validator receives for mining blocks. Anyone holding the blockchain’s token can participate in this process, making POS networks one of the first crypto-native ways to earn passive income on crypto assets.

Most Coinbase Custody clients are fund managers who act as fiduciaries to their investors.

Staking avoids deflation, but products to date increased risk. Prior to today, the risk necessary to actively participate in staking has mostly outweighed the return. As a result, many institutional investors have elected to sit on the sidelines.

Coinbase Custody removes the downside. They have a track record of security and regulatory compliance and have insurance coverage.

The recent successes of Tezos and Cosmos is the start of a more open and engaging era in crypto: one where all participants can actively help secure blockchains and influence their development

By | 2019-04-17T01:23:10+00:00 April 17th, 2019|Categories: altcoins, exchanges, fintech, technology|Tags: , , |Comments Off on Coinbase Custody launches staking support for Tezos and MakerDAO

About the Author:

Brian Wang, MBA and BSc, is a business oriented futurist, speaker and author of emerging and disruptive technologies. Sole author and writer of nextbigfuture.com, a science focused news site that covers disruptive technologies and trends globally in industries including Medicine, Technology, Science, Artificial Intelligence, Robotics, Biotechnology, Nanotechnology, etc. Nextbigfuture is Ranked #1 “Science News Blog” worldwide by Alexa, an Amazon company. Website traffic: 2M page views per month and 4M unique readers annually. Lecturer at Singularity University - provided 4 annual reviews of developments in nanotechnology. Sought after speaker at TEDx (lecture on Energy), University of Toronto (futurism) and Transhuman Visions. Contributor on 10-year plan for the Institute for the Future.