Today, Injective welcomes Staked to the staking network. This collaboration with Staked dramatically helps to increase institutional adoption for INJ staking moving forward.
Staked is one of the most prominent authorities on cryptocurrency staking with a long history of working with premier funds, exchanges, and custodians to facilitate institutional-grade staking. Staked is backed by the likes of Pantera, Coinbase Ventures, Digital Currency Group (DCG), and Winklevoss Capital.
Staked operates the most secure, high-yielding and cost-effective blockchain nodes for decentralized PoS protocols on behalf of institutional investors. Currently, the platform supports leading PoS based projects such as Kusama, Audius, Mina, Synthetix, and Solana.
Injective already has an industry leading cohort of genesis validators to help bootstrap the protocol moving forward. Adding Staked to this mix allows institutional investors such as Pantera and CMS to properly stake their assets in a regulated manner moving forward.
“We’re very pleased to be collaborating with Injective to accelerate staking on the part of institutions,” said Tim Ogilvie, Co-Founder and CEO of Staked. “Staking presents an entirely new way for investors to earn returns, and this collaboration is an important step in moving it forward.”
Staked’s three-year track record of providing reliable validators across 45 proof-of-stake networks and over $4B in staked value is ample demonstration of its dedication to delegators. In addition, Staked boasts a 100% uptime SLA which is a testament to its first class infrastructure setup.
“We are excited to be working alongside the team at Staked. Our institutional investors will now have an avenue to stake their assets in a compliant manner which further helps to secure our network moving forward,” said Eric Chen, Injective Labs CEO.
Moving forward, Injective contributors will be working closely with Staked in order to bring INJ staking options to investors worldwide.
Staked helps institutional investors reliably and securely compound their crypto through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, ParaFi Capital, Fabric Ventures, and other prominent institutions in the space.
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.