Blockdaemon Blog

SKALE’s New Mobile Staking Experience

Product Updates
Oct 14, 2021

Today marks a momentous milestone for the SKALE (SKL) ecosystem. For the first time, users can now stake their native SKL tokens from within the MEW mobile app. The MEW app is available for download on Apple's App Store. MEW has integrated with Blockdaemon to bring this mobile staking experience to life. This partnership combines the high-quality user experience MEW users know and love, with Blockdaemon’s industry-leading staking infrastructure. The result is a convenient, user-friendly and fully secure way to stake SKL on mobile.

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Why Blockdaemon?

Blockdaemon’s nodes are supported by our security-first approach.

Security first means having highly tested monitoring, alerting and availability solutions which allow scaling-up of configurations. We also provide smart redundancy to avoid penalties and downtime. Users never have to worry about losing money. Our four-layers of risk-mitigation guarantees peace-of-mind for users. Our network is geographically diverse, robust across bare metal and cloud and managed 24/7 by our engineering experts.

"We are delighted to support MyEtherWallet in expanding their mobile wallet experience through our secure staking infrastructure,” said Demetrios Skalkotos, Global SVP of Sales at Blockdaemon. “With MEW providing new ways of earning rewards for their users with SKALE, they are bringing accessibility and allowing for greater adoption in the Ethereum ecosystem. We look forward to supporting the continued growth of MEW through Blockdaemon infrastructure and staking services.”

High Performing Blockchains Need High Performance Nodes

Proof-of-stake is the bedrock of the SKALE network.

It is the secure, sustainable way the blockchain reaches consensus. Currently, over 46 validator orgs are committed to participating. These nodes ensure the security of the ecosystem.SKALE is committed to scaling Ethereum. True to this mission, the network grants developers high throughput and fast finality. Projects can assemble a unique subset of nodes to deliver this high performance. This subset comprises a project’s own SKALE chain. High performance in a decentralized environment relies on nodes. Specifically, success is tightly linked to having quality validator nodes.  

Such validators are the backbone for this scalable, multi-chain platform.

Blockdaemon & MEW: Supporting SKALE’s Success

Blockdaemon is committed to supporting SKALE’s growth. As the leading blockchain infrastructure provider, we run a highly successful validator on the SKALE network. Our validator is one of many that help secure the network. However, Blockdaemon’s commitment to the blockchain stands above the rest.

 Our SKALE validator is built on our robust infrastructure — the same infrastructure that is trusted by some of the world’s largest financial institutions.

Blockdaemon provides  the foundation on which leading cryptocurrency products and projects are built. By leveraging Blockdaemon’s high-assurance infrastructure, MEW gives its users access to a reliable and scalable staking experience. MEW will delegate users’ tokens to Blockdaemon’s validators, and users remain custodians of their tokens throughout this process.

By staking through MEW, customers can enjoy a convenient way of earning SKL yield without researching suitable validators. They do not have to manage their own wallet software either.

This radically reduces the barrier to entry for SKL staking. “Ethereum is continuing to grow to offer millions of users new experiences on the blockchain,” said Kosala Hemachandra, Founder and CEO of MEW. “By giving our users access to stake their SKL, we are giving them another way to control their assets in a manner that suits their individual needs.

The Importance of Reliable Infrastructure — Lowering Barriers to Entry

This announcement is a boon to the SKALE community. Together, Blockdaemon and MEW radically lower the barriers to entry for SKL staking. Through this integration, new and existing users can interface with the network in a new and exciting medium. Users now have easy access to a fully-maintained wallet and staking experience. This is accessible anywhere, at the touch of a button. This accessibility is key for user-adoption and community growth.

”Giving access to the best wallets and staking options is critical for decentralized performance, which is why it makes so much sense to work with My Ether Wallet,” said Jack O’Holleran, co-founder and CEO SKALE Labs. “MEW has massive global adoption and SKL holders can now easily stake their tokens using a mobile crypto wallet. That is a first, and a big step towards bringing crypto to the masses, which is precisely what the industry needs to take everything to the next level.


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