{"id":32926,"date":"2021-01-15T10:32:11","date_gmt":"2021-01-15T09:32:11","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=32926"},"modified":"2023-09-12T10:02:59","modified_gmt":"2023-09-12T10:02:59","slug":"fireblocks-announces-fireblocks-pos-to-earn-polkadot-tezos-and-ethereum-2-0-staking-rewards-from-a-single-platform","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/fireblocks-announces-fireblocks-pos-to-earn-polkadot-tezos-and-ethereum-2-0-staking-rewards-from-a-single-platform\/","title":{"rendered":"Fireblocks Announces POS for Polkadot, Tezos and Ethereum 2.0 Rewards for Institutional Clients"},"content":{"rendered":"

Fireblocks<\/a><\/strong>, a digital asset security company and institution-focused crypto custodian, has announced Fireblocks POS that allows its clients to earn Polkadot, Tezos, and Ethereum 2.0 staking rewards directly from their Fireblocks account.<\/p>\n

Fireblocks announced the news in a blog post <\/strong>on Thursday, January 14. According to the announcement, the company is partnering with staking infrastructure providers Staked<\/a><\/strong> and Blockdaemon<\/a><\/strong> to offer hosted proof-of-stake (PoS) services for Ethereum 2.0, Polkadot (DOT), and Tezos (XTZ) tokens.<\/p>\n

With Fireblocks POS, clients can earn between 5%-15% yield on average by staking ETH, DOT, and XTZ tokens directly from their Fireblocks MPC-based<\/a><\/strong> wallets without the need of implementing engineering sources.<\/p>\n

Fireblocks view current staking operation as flawed at enterprises or institutional levels as the complexity of the process requires significant investment in engineering resources, which cost money and time. That\u2019s why many teams avoiding staking entirely and miss out on the passive income stream that this space offers. So, with Fireblocks POS, the company aims to provide an easy way for its institutional clients to earn staking rewards directly from a single platform.<\/p>\n

As Fireblocks is an institution-focused crypto custodian, these services are for Fireblocks customers who collectively hold a significant balance of crypto assets. \u00a0Fireblocks currently maintains more than 160 custodian clients. The company\u2019s custodian clients include Celsius, BlockFi, Salt, Nexo, Revolut and B2C2, Coinflex, and Galaxy.<\/p>\n

\"\"<\/p>\n

According to CEO Michael Shaulov, while the majority of its clients hold Bitcoin, Fireblocks manages over $1 billion of assets in DOT, XTZ, and ETH. To participate in staking, clients are required to allocate their tokens from their Fireblocks wallets, specifically for staking.<\/p>\n

Fireblocks staking integrations identify wallet or tokens that are locked or allocated for staking. Fireblocks partners Blockdaemon and Staked then activate those funds for staking rewards. Customers must have an account with Staked or Blockdaemon to stake through Fireblocks. They will maintain custody of their funds in Fireblocks wallets, and will also be provided with an interface with Staked and Blockdaemon to see how they are performing within the staking provider\u2019s platform.<\/p>\n

Konstantin Richter, CEO & founder of Blockdaemon, commented:<\/p>\n

\u201cFireblocks is a leading pioneer in providing secure digital infrastructure for institutional trading, lending, and borrowing and we are thrilled to partner with them by supporting customers with our validator staking and node management. Having close collaboration with a leader in the space is essential in driving earning potential forward at an accelerated rate.\u201d<\/strong><\/span><\/p><\/blockquote>\n

Tim Ogilvie, CEO of Staked, stated:<\/p>\n

\n

\u201cFireblocks has a well-established reputation for delivering infrastructure and we are delighted to support this new offering for its many enterprise and institutional customers.\u201d<\/strong><\/span><\/p>\n<\/blockquote>\n

\n

If you found this article interesting, here you can find more<\/em>\u00a0Blockchain and cryptocurrency news<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Fireblocks, a digital asset security company and institution-focused crypto custodian, has announced Fireblocks POS that allows its clients to earn Polkadot, Tezos, and Ethereum 2.0 staking rewards directly from their Fireblocks account.<\/p>\n","protected":false},"author":14,"featured_media":32939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,74],"tags":[4679,5206,5269,4845],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/32926"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=32926"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/32926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=32926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=32926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=32926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}