Kiln joins Alluvial to build Ethereum liquid staking
Kiln is developing the Ethereum Liquid Staking protocol for Alluvial, in collaboration with Figment!
Alluvial is an enterprise-grade liquid staking standard with support from Coinbase Cloud and other industry-leading operators. This standard will help bridge capital from institutions to Proof of Stake blockchains, increasing the security necessary for the web3 economy to grow.
Over the past 6 months, we have been developing this protocol alongside Figment. While our companies have some competing products, there was a mutual understanding that an enterprise liquid staking protocol needs to be close collaboration among multiple players from day one. We discovered that our companies have a strong cultural alignment and that our teams are naturally compatible. Shared protocol expertise, with Figment leading back-end development, and Kiln leading smart contract development.
You can read more about our involvement in the project over on the Alluvial website, where a Q&A with our team was just published.
We’re delighted to be contributing to this protocol and to team up with Alluvial, Figment and Coinbase to build a multi-chain liquid staking solution. We can’t wait to deploy it to mainnet!