P2P.org debuts institutional Staking-as-a-Business facility

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P2P.org, a platform for multi-chain stakeholders and validators, introduced a new business solution called “Staking-as-a-Service” tailored for institutional investors.

In a recent announcement, the startup revealed that its total value locked in their platform has exceeded $7.4 billion, with over one million Ethereum (ETH) staked on P2P.org alone. The company is now expanding its offerings to include Staking-as-a-Service (Saas) for businesses such as custodians, cryptocurrency exchanges, and digital wallet providers, aiming to support their growth.

According to Artemiy Parshakov, the Head of Product at P2P.org, the comprehensive assistance for setting up a complete staking solution in a full-stack Defi suite instills trust in businesses as they explore extended Defi offerings.

Instead of just being vendors, we take on the role of dedicated partners. We’re not only committed to providing top-notch products or services, but we also invest in your success by offering marketing budgets for launches. Our comprehensive support encompasses all aspects of your business, from legal and marketing matters to customer service.

Artemiy Parshakov, P2P.org’s head of product

After securing $23 million in investment from firms like Jump Crypto last year, the firm’s new offering emerges. Over the past year, P2P.org’s total value locked (TVL) has experienced significant growth, increasing by 395% from the reported $1.4 billion during the first quarter of the previous year.

Staking’s allure

At P2P.org, we offer Software-as-a-Service (SaaS) solutions on Ethereum and thirty-five other decentralized networks, including Kusama and Solana. By doing so, users can expand their approaches to reap benefits from the cryptocurrency marketplace.

With staking, you keep your cryptocurrencies locked up in a digital wallet connected to a PoS blockchain, such as Ethereum, to earn rewards or passive income without having to sell your tokens. This added function offers crypto investors more ways to utilize their investments.

Since the Proof of Stake (PoS) update on Ethereum in 2022, the usage of this practice has grown significantly. As reported by Coinbase, Ethereum’s staking market capitalization surpasses $110 billion, with over a quarter (26%) of its total tokens being staked by users.

Users can potentially earn returns of up to 3.76% Annual Percentage Rate (APR) on various platforms, although the reward ratios do vary. Major providers offer this opportunity through leveraging. Additionally, users can generate additional income and benefits by utilizing services such as Lido Finance or liquid staking protocols like Ether.fi.

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2024-04-10 19:36