Kiln and Fireblocks team up to offer enterprise-grade staking on PoS blockchains
We are thrilled to announce that Kiln has joined the Fireblocks partner network to provide enterprise-grade staking natively integrated in Fireblock’s products, on all major PoS blockchains starting first with ETH and SOL.
Thanks to this partnership, Fireblocks’ 1,300+ clients can now participate in the security of these PoS blockchains, earning staking rewards while doing so. As of today, this is supported on Solana and Ethereum, with additional protocols to follow.
Additional protocols, including smaller emerging ones, are planned to be added in the future to expand the offering.
Fireblocks is a trusted enterprise crypto management platform that exclusively collaborates with top-tier partners like Kiln to offer the best staking services integrated in its platform.
The staking opportunity
Staking cryptocurrencies involves locking native tokens within a Proof-of-Stake blockchain to earn the right to participate in its security for a given period.
Fireblocks' top priority is to create easy-to-use, enterprise-grade solutions with the highest level of security. In partnership with Kiln, Fireblocks is now offering a native staking solution that allows users to earn rewards while contributing to the decentralization of the network.
It is the most natural reward feature in crypto as the value derives from the blockchain native currency inflation and a share of transaction fees. For those reasons, more and more institutions are choosing to stake their assets and put their treasuries to work.
‘Joining the Fireblocks partner network is a major milestone for Kiln, and we are thrilled to offer enterprise-grade staking natively integrated in Fireblocks' products. This partnership allows us to provide secure and accessible staking solutions to a wider audience. We are excited to start with Solana and expand to other major PoS blockchains, including Ethereum.’ — Laszlo Szabo, co-founder and CEO at Kiln
Why stake with Fireblocks and Kiln?
By staking with Fireblocks and Kiln, users can enjoy the best of both worlds: Kiln's enterprise-grade staking services, and Fireblocks' user-friendly interface and unparalleled security measures. Kiln is a trusted non-custodial staking provider that never has access to users' funds. We offer industry-leading SLAs and meet the highest IT security standards as a SOC2 (Type 2) certified company.
Fireblocks chose Kiln to be a part of its staking provider network because of our prominent role in the Ethereum ecosystem; operating over 22,000 validators on the mainnet as a long-term operator on the Ethereum Beacon Chain. Our unique approach to monitoring Ethereum at scale and implementing anti-slashing strategies has earned the endorsement of the Ethereum Foundation and is widely followed in the industry. Additionally, Kiln offers one of the lowest commission rates on the market, ensuring that Fireblocks customers receive the best rewards possible.
Stake directly from your secure Fireblocks wallets and remain in control of your private keys while staking. Fireblocks also eliminates the need to create and manage multiple staking-specific wallets.
How does it work?
Fireblocks has made staking a hassle-free process by allowing users to connect to their dashboard and start staking with the click of a button. The platform also enables users to easily manage and monitor their staking positions and rewards in real-time. Moreover, customers can now delegate their assets with confidence knowing that Kiln's infrastructure maximizes uptime, and generates the highest possible rewards. With Fireblocks' top-tier security and Kiln's cutting-edge technology, staking has never been more accessible, convenient, and secure.
Fireblocks’ product issues the delegation transaction to a default validator, which may be Kiln, or other operators, unless a specific request is made.
1/ Log in to your Fireblocks account
2/ Click on the staking section in the left menu
2/ Select the asset and amount you want to stake
4/ Choose Kiln as staking provider
5/ Click on the “Stake” button and that's it!
6/ Visualize your rewards instantly after your delegation is confirmed on the blockchain through your Fireblocks dashboard
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data, and commission management. With over $2 billion of crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 3% of the network, this includes 22,000+ validators with 0 slashing events.