Blockdaemon Blog

Blockdaemon Joins the Liquid Collective

Daemon News
May 9, 2024
By:
Conor
Keville
&
Along with supporting Liquid Staked ETH (LsETH) minting, redemption, and custody, LsETH will be the exclusive liquid staking solution in the Blockdaemon Wallet.

At Blockdaemon, we are integrating Liquid Collective's ecosystem into our platform, becoming one of the leading web3 teams contributing to the enterprise-grade liquid staking protocol. Along with supporting Liquid Staked ETH (LsETH) minting, redemption, and custody, LsETH will be the exclusive liquid staking solution in the Blockdaemon Wallet.

Our security and compliance-first standards for institutional liquid staking align closely with Liquid Collective’s mission to provide a distributed liquid staking standard that meets the compliance and security needs of institutions. We are deepening our commitment to the ecosystem and supporting broader participation in securing Ethereum. To focus on this, we will offer LsETH as a diversified liquid staking solution for our institutional clients, sunset our Portara product, and intend to join Liquid Collective’s active set as a Node Operator.

With this integration, our clients, including exchanges, custodians, financial institutions, and other platforms, can access a secure, compliance-focused, and trusted liquid staking token (LST). 

Our clients will be able to seamlessly mint and redeem LsETH directly from their Blockdaemon account, where they can also custody their LsETH. This will allow them to participate in liquid staking with a product that meets institutional needs, including compliance checks, with flexibility across the web3 ecosystem.

Konstantin Richter, Founder and CEO of Blockdaemon, says, "Our integration into the Liquid Collective ecosystem underscores Blockdaemon's dedication to advancing staking solutions, especially tailored to the rigorous liquid staking requirements of institutional and enterprise clients. We’re thrilled about our crucial role as a Node Operator, and the frictionless minting and redemption services for Liquid Staked ETH (LsETH). Our decision to make LsETH the exclusive liquid staking solution within the Blockdaemon Wallet strongly reflects our commitment and enthusiasm for joining the Liquid Collective."

Mara Schmiedt, CEO and Co-Founder of Alluvial, a team supporting Liquid Collective’s development, added, “As a leader in institutional crypto services, Blockdaemon’s support for LsETH and commitment to the ecosystem is a major milestone towards the realization of Liquid Collective’s vision to bring the best teams in the space together to build the industry standard for staking. Our team at Alluvial is thrilled to collaborate with Blockdaemon alongside the other industry leaders building and operating the Liquid Collective, to foster the overall growth and maturity of the PoS ecosystem.

This strategic integration will expand institutional access to Liquid Collective’s ETH liquid staking solution, supporting its decentralized approach while promoting standardization and composability. 

To get started with liquid staking, get in touch with the Blockdaemon team today.

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