Blockdaemon’s complete node stack supports the flow of data and value for millions of users. Our customers include top tier financial institutions, crypto native companies, exchanges, and many more…
Earlier this year, we announced the rollout of our industry-first staking slashing insurance. This innovative offering is designed to protect Blockdaemon’s customers — including Fortune 500 enterprises, banks, custodians, and trusts - from the downsides of blockchain staking slashing events. This blog will outline the top three reasons why our slashing insurance can help you securely stake Proof-of-Stake (PoS) assets with Blockdaemon today.
As with most PoS blockchains, good behaviors are encouraged through rewards. Validators on the network who attest and propose blocks to the blockchain receive rewards as a percentage of their stake.On the other hand, bad actors on the network who are inactive or are dishonest validations are subject to a penalty referred to as slashing. To discourage malicious validator behavior, the following can be done:
Therefore, to ensure your investment is not affected by slashing occurrences, Blockdaemon has designed the industry’s first slashing insurance product.
Validator risk, loss, theft, or bad actors are among the top security risks associated with staking. To ensure you earn reliable yield, it’s critical you choose the most secure validator to stake your crypto assets. Here are the top three reasons why our slashing insurance makes Blockdaemon the right validator choice for you.
Currently, Blockdaemon supports over 50 assets for general node services and exactly 29 cutting-edge PoS networks. Protecting clients from slashing risks is a core principle of our business.This is composed of two key insurance policies:
Our insurance helps create a 360-degree secure staking environment.
Blockdaemon’s slashing insurance adds further value to our clients’ staking experience. This staking experience combines world-class technical knowledge with robust security. This applies across both Blockdaemon public validator and white label staking. At Blockdaemon, we know nodes, and we understand that running a validator node to stake cryptocurrency involves technical know-how to prevent any disruption in the staking process. We ensure our nodes have over 99.9% uptime to maximize your staking returns. With 60% of our workforce comprising engineers, this insurance policy further underlines our dedication to delivering a high-quality, reliable, and secure staking service.
All of the above factors contribute to our industry-leading four layers of risk mitigation to avoid downtime and protect our customers from any risk of loss. As a result of our dedicated teams, Blockdaemon can deliver seamless scaling and failure resilient infrastructure with 99.9% node uptime. In addition, our engineering-first approach guarantees our commitment to constantly improving and innovating our risk mitigation practices. Our insurance policy forms a core pillar of our layers of risk mitigation. Start Securely Staking With Blockdaemon TodayStaking is an easy way to help you grow yield from your crypto assets by putting them to work. With Blockdaemon, you can start securely staking 29 PoS assets today. To help get you started, choose from multiple of our resources, including:
Start growing your rewards today, and we’ll take care of the rest so you can focus on your core business functions. Have any more questions? Check out our dedicated FAQs section or get in touch with our team today.