coinjournal.net
- Bison announced its insured Ethereum staking product in partnership with Munich Re and Staking Facilities.
- Users can stake as low as 0.005 $ETH and earn weekly rewards.
Bison, a crypto trading and exchange-traded funds platform by the Böerse Stuttgart Group, has unveiled a new staking service offering insured staking with Ethereum.
According to an update on Oct. 8, the product is part of a partnership between Bison and Germany-based companies Munich Re and Staking Facilities. Munich Re is a global reinsurance company while Staking Facilities is a Web3 infrastructure provider that offers non-custodial staking.
Staking from 0.005 $ETH
Bison offers 27 tradable assets on its platform, including Bitcoin (BTC), Ethereum ($ETH) and Cardano (ADA). The platform also provides access to more than 2,500 stocks and exchange-traded products.
With the new feature, Bison users will be able to stake Ether from as low as 0.005 $ETH, allowing more holders to support the network and earn staking rewards.
More than this, Bison now supports insured $ETH staking, with a gradual roll-out that includes slashing protection and weekly payouts. In terms of slashing, the insurance means stakers have protection against validator losses that arise from improper actions.
Exciting news 🚀 Staking made in Germany – our bare metal infrastructure now powers the @bisonapp $ETH staking functionality 🙌
Support the #Ethereum network & earn #staking rewards for doing so:
🔵 Stake as little as 0.005 $ETH
🔵 Receive weekly rewards
🔵 Slashing risk insured… https://t.co/kvlmIMFxPC— Staking Facilities (@StakingFac) October 8, 2024
Bison also benefits from compliant services, with all staked assets under custody by the Böerse Stuttgart Digital Custody. The regulated platform has a license from the Federal Financial Supervisory Authority, or BaFin.
Earlier this month, Boerse Stuttgart successfully completed a pilot on tokenized securities settlement involving major banks as part of the European Central Bank’s DLT tests.
In September, the company’s crypto subsidiary Börse Stuttgart Digital announced a partnership with DZ Bank to bring crypto trading and custody to its users.