Staking for All: Coinbase Cloud and Kiln Remove Minimum Barriers
Now, you can stake any amount of ethereum (ETH) without having to meet the previous minimum requirement of 32 ETH. Coinbase Cloud and Kiln, a blockchain infrastructure company, have partnered to offer this new feature. With Kiln’s onchain staking platform integrated into Coinbase Cloud, users of Coinbase Wallet and other wallet providers can earn staking rewards without needing to hold a large amount of ETH. This is a significant development as over 99% of ETH wallets hold less than 32 ETH. Kiln CEO, Laszlo Szabo, expressed excitement about the collaboration, highlighting that this integration allows other wallets and services to access the same staking solution. Coinbase Cloud ensures reliable and secure staking operations through its multi-cloud, multi-region setup and audited smart contracts. By removing minimum staking requirements, more individuals can participate in securing the Ethereum network and earn rewards. This new open staking access is currently available through Coinbase Wallet.
Hot Take: Empowering More Users to Stake ETH
Coinbase Cloud and Kiln’s collaboration to remove the minimum staking requirement for ETH opens up staking opportunities to a wider user base. Previously, only those holding at least 32 ETH could participate in staking. With this change, over 99% of ETH wallet holders can now earn staking rewards. This move comes at a time when staked ETH ratios are increasing following Ethereum’s recent upgrade. By integrating Kiln’s onchain staking platform, Coinbase Cloud enables other wallet providers and services to offer the same staking solution. Coinbase Cloud’s reliable and secure infrastructure ensures transparent and audited staking operations. With this development, more individual users can contribute to the security of the Ethereum network while earning rewards, further decentralizing the staking process.
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