Coinbase Cloud Partners with Kiln to Enable Non-Custodial ETH Staking
Coinbase Cloud has collaborated with Kiln to introduce a non-custodial solution for staking smaller amounts of cryptocurrency. This integration allows users to retain control of their funds directly from their wallets. Kiln’s specialized smart contracts offer a flexible approach to Ethereum (ETH) staking by allowing users to pool their stakes to collectively reach the minimum requirement of 32 ETH. This provides an alternative to liquid staking protocols like Lido and Rocket. Kiln’s CEO and co-founder, Laszlo Szabo, expressed excitement about working with Coinbase Cloud and welcoming them as the first non-Kiln node operator to leverage the Kiln on-chain staking platform.
Coinbase Wallet to Implement Staking Service
In the near future, Coinbase’s wallet will introduce this staking solution, aiming to enhance accessibility to ETH staking. Users of Coinbase Wallet will be able to stake and earn rewards on their ETH holdings, regardless of the amount. Furthermore, Coinbase Cloud plans to extend this capability to decentralized applications (dapps) and other self-custodial wallet providers. This unique integration with Coinbase Cloud enables other wallets and services, including decentralized exchanges (DEXs), to offer the same limitless ETH staking solution as Coinbase Wallet.
Hot Take: Enhancing Accessibility to ETH Staking
The collaboration between Coinbase Cloud and Kiln is set to revolutionize ETH staking by making it more accessible and user-friendly. By allowing users to stake smaller amounts of ETH in a non-custodial manner, this integration ensures that individuals retain control over their funds directly from their wallets. Coinbase Wallet’s upcoming implementation of this staking solution further enhances accessibility, enabling users to earn rewards on their ETH holdings, regardless of the quantity. Additionally, the extension of this capability to other wallets and services, such as DEXs, expands the reach of this innovative staking solution. This partnership signifies a significant step towards democratizing participation in ETH staking.
By
By
By
By
By
By