POS Bakerz becomes Stakin to grow into the leading multi-asset staking provider Edouard Lavidalle Follow Apr 20 · 4 min read

A bit more than a year has passed since the beginning of our staking adventure. During that time, we’ve grown from a small Tezos bakery to a leading multi-asset staking provider. That growth made us realize something, that the mission and focus of our company had grown as well. So we’re proud to announce our rebranding as Stakin, where the future holds new networks, new communities, and a wide variety of services.

A trusted partner focused on Proof-of-Stake

Stakin is re-establishing its commitment to all of the blockchains that we have endorsed throughout the year, including Tezos, Cosmos, and Icon. We will continue to support these blockchains and ecosystems by providing a reliable infrastructure with a focus on high-availability. In order to validate 24/7 and limit downtimes, we have partnered with leading cloud providers such as GCP and Digital Ocean. Each blockchain for which we provide services profits from multiple sentries distributed globally as well as redundancy at the validator level. Additionally, we’re constantly monitoring our infrastructures using tools such as Grafana and alert systems that quickly let us know when something isn’t right.

We are very thankful to the 2,000+ delegators worldwide who have already chosen us as their validator, and we will continue to develop the future of blockchain infrastructure with them. With Stakin, you can delegate your tokens and easily earn rewards by using leading digital asset wallets such as Trust Wallet, Atomic, Ledger, Iconex and more. In such a new and rapidly developing field, we’re also proud of having produced 100+ articles, shared on Medium and other social media platforms, that introduce staking, its place in today’s crypto world, and some of the most interesting protocols out there.

Now that our new name and graphic identity are complete, we are focusing on building additional products on top of traditional staking. One of these is a Staking Lottery, for which we recently received a grant from Velic Financial, and which will give any token holder the option to sacrifice part of their future rewards in order to potentially earn even more rewards. Still, we hold to our vision of staking as part of a global financial revolution. We believe that anybody should be able to participate in this process and understand that not all of our users have the same risk preferences. That’s why we are also working on hedged financial products, which will take away volatility risk and offer a fixed reward rate measured in fiat currency as well as additional staking derivatives.

When we started Stakin, Proof-of-Stake protocols represented a mere $1bn in market capitalization, a drop in the cryptocurrency ocean. Proof-of-Stake has now grown to approximately $10bn in market capitalization and roughly 80 different networks. This is just the beginning: as major protocols such as Ethereum, Cardano, and Polkadot join the dance, we expect the market to grow to $30bn+. As maintaining a secure infrastructure is key to that future growth, we look forward to contributing to all the financial innovations that will underpin the future of this industry.

Our vision for the future

Much work is still needed on the infrastructure level for the development of new mainstream decentralized applications. Proof-of-Work has limitations in terms of scaling and energy efficiency. We believe that the future of blockchain lies in other consensus alternatives — like Proof-of-Stake. This shift is currently happening, as Proof-of-Stake accelerates to become the main consensus engine on blockchain protocols. Staking is the new mining, and any token holder can take part in this process thanks to our services.

It is our view that blockchain will reshape the financial services industry, enabling billions of people to connect and seamlessly transfer value. But value isn’t the only thing you will be able to transfer — data and ownership will be exchanged across the globe as well. This mainstream adoption, yet to happen, will require reliable and secure infrastructure providers. If Proof-of-Stake is indeed the future of blockchain consensus, token holders and institutions will need trusted partners to provide this infrastructure: and that’s exactly our plan with Stakin.

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