Blockdaemon Blog

Introducing Blockdaemon’s Staking API & Staking Reporting API Support for Cardano

Daemon News
Jul 11, 2023
By:
Conor
Keville
&
Blockdaemon is excited to extend our Staking API and Staking Reporting API support for Cardano (ADA). Our latest release simplifies the Cardano staking process, making it easy for institutions to integrate with the blockchain economy through a single integration.

Blockdaemon is excited to extend our Staking API and Staking Reporting API support for Cardano (ADA). Our latest release simplifies the Cardano 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 Cardano Staking API follows the successful launch of our Staking API for Ethereum, Solana, Polkadot, Polygon, and NEAR. Our customers can now easily and seamlessly add Cardano staking functionality to their offerings.

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

What is the Blockdaemon Staking API for Cardano (ADA)?

The Blockdaemon Staking API for Cardano 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 Cardano, securely and reliably.

Traditionally, institutional staking requires a lot of manual setup and maintenance time. If a company chooses to run their own stake pool infrastructure in-house, they will need to ensure constant node maintenance, which is time consuming. Additionally, stake pool nodes require constant monitoring and uptime. These responsibilities grow exponentially as a company scales their staking services.

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

  • Zero Node Maintenance: Blockdaemon engineers handle all stake pool maintenance and updates on your behalf, providing you with reliable, expert service.
  • Secure Staking: Benefit from Cardano staking that is secure by default. Our team of expert engineers ensures your stake pool is 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.

Cardano Staking Reporting API

To complement the Cardano Staking API, Blockdaemon also offers a Cardano Staking Reporting API. This API is here to serve your data analysis requirements.

The Staking Reporting API removes many of the obstacles you face in accessing staking reward information from the Cardano protocol.

Importantly, you get on-demand ADA staking data. The API queries data from all Cardano stake pools and delegators on a network. You can get the current or historical stake & rewards allocated to given delegator and stake pool addresses and other data.

Blockdaemon’s Staking Reporting API is aligned with your financial reporting goals.

Our goal is to simplify staking and staking reporting. This helps institutions spend less time managing infrastructure and more time focusing on what they do best.

Start Staking Cardano 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 Cardano 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 stake pool deployments with our Staking API. Contact Blockdaemon today to get started and experience the power of Cardano staking with our innovative solution.

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