Coinbase Cloud and blockchain infrastructure company Kiln are now allowing ethereum (ETH) users to stake any amount of ether natively. The new offering removes the previous 32 ETH minimum staking requirement.
Staking for All: Coinbase Cloud and Kiln Break Down Minimum Barriers
With the integration of Kiln’s onchain staking platform, Coinbase Cloud and its clients can enable partial ETH staking. This allows wallet providers like Coinbase Wallet to give users the ability to earn staking rewards without needing to meet minimums. The press announcement notes that over 99 percent of ether wallets hold less than the 32 ETH previously required to stake on the network.
“We are thrilled to have worked with Coinbase Cloud and to welcome them as the first (non-Kiln) node operator leveraging the Kiln Onchain Staking Platform,” said Kiln CEO Laszlo Szabo. The Kiln CEO added:
This integration with Coinbase Cloud is unique because it allows them to enable other wallets and services, including [decentralized exchanges], with the same limitless [ether] staking solution that will be offered by Coinbase Wallet.
Partial ETH staking builds on Coinbase Cloud’s existing staking infrastructure. The company said its multi-cloud, multi-region setup ensures reliability alongside trusted security standards. Coinbase further discloses that staking operations occur transparently onchain through audited smart contracts.
Coinbase posits that by removing staking minimums, more individual users can participate in securing the Ethereum network while earning rewards. The move comes as staked ETH ratios continue rising after Ethereum’s recent upgrade. Coinbase Cloud is currently offering this new open staking access starting with integration in Coinbase Wallet.
What do you think about Coinbase and Kiln’s announcement? Share your thoughts and opinions about this subject in the comments section below.
Source: Bitcoin
