BlockDaemon Launches New DEFI and Staking Services
BlockDaemon, known for its blockchain infrastructure, has unveiled its Decentralized Financial (DEFI) and staking services.
This offering is aimed at organizations that want to provide DEFI and staking options through over 50 different protocols, allowing access to a wide variety of DEFI pools and bridges. The announcement was made on Thursday.
According to BlockDaemon, this product enables “secure and non-obligatory staking along with streamlined access to DEFI.” The company emphasizes its commitment to security, highlighting its ISO 27001 certification for cybersecurity and SOC 2 compliance in customer data management.
Konstantin Richter, the founder and CEO, mentioned that “cryptography, traditional institutions, and protocol developers need robust infrastructure.” He added that their platform guarantees “100% innovative security and effortless integration via facility-grade APIs.”
This news comes after reports that BlockDaemon is contemplating an initial public offering in the upcoming year. Richter hinted, “Let’s see how things unfold in 2025, but I believe 2026 will be the year we aim to pursue that.”
A Variety of Product Offerings
BlockDaemon claims its new service includes DEFI High Farming across various liquidity pools and lending protocols, while also incorporating essential protocols. The integration features a codeless widget, allowing customers to incorporate multi-chain staking and DEFI functionalities into their systems with ease.
Additionally, BlockDaemon provides an internal API for custom configurations. Offerings include a DEFI API that aggregates liquidity and pricing from various protocols, a staking API that grants standardized staking access across blockchains, and a staking reporting API that tracks rewards.
Increasing Interest in Staking
On the same day, Crypto Exchange Kraken also launched a new Bitcoin staking product through a collaboration with Babylon Labs. Staking is gaining traction, recently reaching an all-time high with over 35 million participants in ETH alone.
Kean Gilbert, who leads institutional relations at the Lido Ecosystem Foundation, noted that the rising institutional interest in Ethereum staking is expected to increase demand for specially tailored custody solutions, something BlockDaemon seems eager to capitalize on.
As the landscape evolves, analysts suggest that ether and Solana (SOL) staking ETFs could be introduced in the US market within a few weeks, adding another layer of complexity.
