Solidus Labs and Figment have introduced Staking Guard, a pioneering risk mitigation solution designed specifically for institutional Ethereum validators to promote trust, security, and compliance. This risk-based model aims to boost institutional participation in staking and drive growth in the decentralized finance (DeFi) and Web3 spaces.

Staking Guard: A New Standard in Institutional Staking

Powered by Solidus’ Builder and Relay, Staking Guard offers robust, high-performance, low-latency protection against traditional compliance risks and native on-chain threats. It ensures compliant block delivery, protecting against risks and alerting on market abuse, fraud, and manipulation.

Setting a New Benchmark
By integrating Solidus’ Staking Guard into Figment’s suite of Ethereum relays, we’re establishing a new gold standard for institutional staking services. This collaboration not only fills a critical market gap but also serves as a catalyst for increased institutional participation in staking.

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Leadership Perspectives
Ben Spiegelman, Head of Corporate Development and Partnerships at Figment, stated, “Staking Guard models a risk-based solution needed for institutional involvement based on Solidus’ crypto-native expertise in security and compliance.”

Asaf Meir, Founder and Chief Executive of Solidus Labs, emphasized, “Staking Guard is the natural progression for Solidus’ comprehensive solutions addressing compliance and security risks off-chain, on-chain, and now – pre-chain. We see it as an indispensable enabler for the maturation and sustainable growth of DeFi and Web3.”

Comprehensive Protection and Reporting
Staking Guard upholds optimized censorship-resistant models without impacting rewards, ensuring comprehensive protection against both legacy compliance and native on-chain risks. It also includes powerful reporting tools and audit trail logs for seamless, institutional-grade oversight.

Driving Institutional Adoption
With the cryptocurrency market gradually expanding, partnerships like that of Solidus Labs and Figment are essential in setting new benchmarks and creating an environment for institutions to embrace and integrate decentralized finance and Web3 solutions.

Source: cryptotimes.io

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