Blockdaemon Blog

Introducing Blockdaemon’s Staking API Support for NEAR

Daemon News
May 22, 2023
By:
Conor
Keville
&
Our latest release simplifies the NEAR staking process, making it easy for institutions to integrate with the blockchain economy through a single integration.

Blockdaemon is thrilled to extend our Staking API support for NEAR. Our latest release simplifies the NEAR staking process, making it easy for institutions to integrate with the blockchain economy through a single integration.

Want to hear more about how Blockdaemon can help you with your Blockchain journey? Contact us today to chat more about our blockchain solutions, or read on to get a closer look at what’s new.

The NEAR Staking API follows the successful launch of our Staking API for Ethereum, Solana, Polkadot, and Polygon. Our customers can now easily and seamlessly add NEAR staking functionality to their offerings.

Our innovative Staking API offers a secure and scalable staking integration for NEAR, removing many of the challenges institutions face when accessing staking. With our Staking API, institutions such as custodians, exchanges, and asset managers can access staking rewards with ease.

What is the Blockdaemon Staking API for NEAR?

The Blockdaemon Staking API for NEAR streamlines the staking process by simplifying it to a single API call per event type (a single call for staking, unstaking, etc.) This supports agnostic transaction signing, allowing customers to use whichever custodian they choose.

How Does the Blockdaemon Staking API Work?

Using the Staking API is extremely simple. Here's how it works:

  1. Call the Staking API endpoint and specify the staking parameters for your network of choice
  2. One total transaction is created
  3. The API returns the unsigned transaction, ready for signing with your preferred custodian
  4. Broadcast the signed transaction to the network with your custodian of choice, or with Blockdaemon (optional)

Staking API: Streamlining Institutional Staking

Our newest Staking API release lets customers start staking NEAR securely and reliably. Traditionally, staking requires a lot of manual setup and maintenance time. If a company chooses to run their own validator infrastructure in-house, they will need to ensure constant node maintenance, which is time consuming. Validator nodes require constant monitoring and uptime. These responsibilities grow exponentially as a company scales their staking services.

By using the Staking API for NEAR, customers immediately benefit from the following:

  • Zero Validator Node Maintenance: Blockdaemon engineers handle all validator node maintenance and updates on your behalf, providing you with reliable, expert service.
  • Secure Staking: Benefit from NEAR staking that is secure by default. Our team of expert engineers ensures your validators are monitored 24/7.
  • Faster Speed-to-Market: Accelerate access to staking rewards for both you and your clients. With the Staking API, various use cases are supported, such as staking your treasury with ease, enabling staking for your users directly from your service, and more. This allows for a seamless and efficient integration of staking services into your business operations.

Introducing Polygon (MATIC) Staking Reporting API Support

Blockdaemon is also excited to announce Staking Reporting API support for Polygon (MATIC). This API is on-hand to serve your financial data analysis needs. The Staking Reporting API removes many of the hassles you face in accessing staking information from Polygon.

Start Staking NEAR Today

Blockdaemon is the industry leader of institutional-grade blockchain infrastructure. We’re proud to offer this new API to our customers. Our Staking API support for NEAR is the ideal turnkey staking solution for your institutional staking needs. It is a great way to save valuable resources and improve efficiency within your business.

Any extra staking time to market carries a real economic cost, for both an institution and their clients. The longer the delay, the higher the chances of missing out on all-important staking rewards.

Replace your manual validator deployments with our Staking API. Contact Blockdaemon today to get started and experience the power of NEAR staking with our innovative solution.

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