⚠️ Slashing Risks and Validator Diligence, 🤝 Staked Partners with Blocks.tech, 🎉 Near Protocol Series A & Beta Program, 🎙️ Staked @ StakingCon, 🔬 IRIS Network Validator Brief, & More
This is the twenty-third issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.
⚠️ Slashing Risks and Validator Diligence
In response to the first double signing and slashing on the Cosmos Hub mainnet, we published a blog post as a reminder that staking rewards do not come without risks.
The post reads:
Lessons Learned? Remember: you can lose 5% of your delegation if you choose a validator with a sloppy setup. This is the first double signing and slashing to occur in a large proof of stake-based crypto network, but it won’t be the last. Ethereum also plans to implement slashing penalties for bad behavior, as included in most proof-of-stake networks. Slashing is a major risk for validators that run poor technology setups.
Yesterday, the first double signing and slashing occured on the Terra mainnet. This time, roughly $1MM (~ 1 billion KRW) worth of crypto was slashed - a record amount.
The proof-of-stake security model rewards honest validators, but it also punishes dishonest or lazy validators and their delegators.
Be smart and work with a professional infrastructure provider like Staked!
🤝 Staked Partners with Blocks.tech
We are excited to announce our partnership with Blocks.tech, a leading Chinese crypto information service company, to provide secure, stable, and comprehensive staking service to its users. Blocks.tech owns ChainNews, a leading Chinese crypto news outlet.
“Investors worldwide are increasingly interested in the rewards from participating in proof-of-stake networks”, commented Tim Ogilvie, CEO & co-founder of Staked. “ChainNews continues its reputation for staying on the leading edge of cryptocurrencies through this partnership with Staked. Investors get access to a best-in-class staking service integrated directly with their favorite news outlet.
We look forward to working closely with Blocks.tech as the proof of stake ecosystem grows over the next few years!
🎉 Near Protocol Series A & Beta Program
Near Protocol, a highly anticipated sharded proof of stake blockchain, has recently announced a $12.1 million Series A from leading crypto investors and the opening of a beta program.
The beta program is designed for early adopters to launch their projects alongside the NEAR mainnet in late 2019. Beta participants will receive NEAR tokens for the team and to fund users accounts, a dedicated adviser from the Near team and support during development, and technical and media support for launch during mainnet.
🎙️ Staked @ StakingCon
Chaosmos Tian, Staked China Marketing Representative, spoke on a panel at StakingCon in Beijing this past week. The panel featured discussion about the state and future of staking among exchange, fund, and staking service representatives.
👉 Follow the Staked WeChat channel:
👉 Add Chaosmos, China Marketing Rep at Staked, on WeChat:
🔬 IRIS Network Validator Brief
Staked was featured in the most recent IRIS Network Validator Brief, a series of articles to help IRIS Network community members learn more about the validator community.
The brief features an introduction on Staked, details about our staking offering, and contact information. We look forward to continuing to secure IRIS Network!
📈 Q2 Decentralized Lending Snapshot
The number of digital assets borrowed via open lending protocols (Compound, Dharma, dYdX, and MakerDAO) in Q2 increased 130% quarter-over-quarter.
Below is the breakdown of Q2 2019 decentralized loan organization volume:
We are excited to be building the future of finance. Stay tuned!
📊 Current Staking Yields
Staked currently supports Cosmos (ATOM), Terra (LUNA), Horizen (ZEN), Loom Network (LOOM), Tezos (XTZ), Livepeer (LPT), Dash (DASH), EOS (EOS), Factom (FCT), Decred (DCR), IRIS Network (IRIS), and Algorand (ALGO).
Have questions? Find time to speak here.
Sign up here for more on staking with Staked!
📊 Current ETH Lending Yields
There are both on-chain and off-chain crypto asset lending solutions.
Below are various crypto asset lending solutions and annual ETH lending yields.
Sign up here to learn more about lending with Staked!
💼 We are hiring!
Staked is growing and always searching for new talent! We are currently looking for:
Reach out if you are interested or know someone that would be a good fit!
Visit our careers page to learn more.
Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually 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.