Blockchain
Spool DAO, Staking Rewards launch the definitive liquid staking solution on Ethereum
Spool DAO, or Spool, the DeFi platform allowing institutions and users to build customizable, risk-managed investment crypto products, joins forces with Staking Rewards, the world’s central information hub and leading data aggregator for the crypto staking industry. The centerpiece of the partnership includes the launch of srETH, an all-weather staking index on Ethereum, opening the door to retail investors to access DeFi in the same way they would utilize a traditional exchange-traded fund (ETF).
Decentralized finance unlocks boundless opportunities to build wealth as an alternative to traditional financial practices. But for the industry to reach a global market size of $232 billion by 2030, as projected in a recent study by Zion Market Research, builders in the sector must address obstacles to its progress. The DeFi landscape is complex to navigate and yields can be unpredictable—even for crypto natives and traditional finance investors—and few options currently exist to mitigate that.
The Spool and Staking Rewards partnership creates an all-weather liquid staking index that minimizes volatility and generates a more predictable yield for long-term Ethereum investments. The index fund leverages strategies from premier ETH staking providers selected and vetted by both Staking Rewards and Spool, such as Lido and Rocket Pool.
srETH then allocates a small percentage of funds to a diverse selection of robust and track-proven DeFi strategies. These strategies have demonstrated their resilience across various economic environments and are proactively kept in check by the Staking Rewards team. This meticulously managed approach is made possible through the implementation of Spool’s Smart Vault technology, ensuring the portfolio remains well-positioned in changing reward market conditions.
Spool’s DeFi infrastructure powers all of the key features within srETH, including:
- Automated portfolio optimization: srETH dynamically allocates funds across leading DeFi protocols, such as Lido, Rocket Pool, Frax, and others, ensuring diversity and minimizing volatility for investors.
- Robust rewards: The index uses risk-optimized yield strategies that are specifically designed to produce reliable yield for Ethereum investors over the long-term.
- Top-level staking and DeFi: srETH provides the foremost vanilla staking rewards on ETH, backed by additional yield from Staking Rewards’ trusted DeFi partners.
- Security and transparency: srETH utilizes the SRM (Spool Risk Model) to prioritize user-fund security, conducting regular audits and adhering to best practices to ensure safety. Additionally, users can access transparent reporting on performance metrics at any time.
- Guidance from staking pioneers: srETH is proactively kept in check by Staking Rewards’ team of unbiased researchers committed to clients’ staking success.
- Expansion and future development: The index is designed to be adaptable and expandable, allowing for integration with additional protocols and strategies in the future.
srETH addresses common investor vital pain points identified by Staking Rewards, which include the ability to produce a more reliable yield on ETH over the long-term, complicated manual portfolio management, and DeFi’s steep technical learning curve. As the first collaboration of its kind, srETH sets the stage for additional institutional-level partnerships with Spool to consolidate the complexities in DeFi investment.
Early access to srETH will be made available through a now-open waitlist. Both Spool’s and Staking Rewards’s communities can sign up to receive updates on the index fund in addition to other upcoming projects.
“We’re immensely proud to have Staking Rewards be our first partner in creating a landmark DeFi investment product that anyone can use,” says Simon Schaber, Chief Business Development Officer of Spool DAO. “srETH is a complete paradigm shift when it comes to how people can enter decentralized investing and aligns with our goal to create an accessible DeFi infrastructure that benefits both institutions and retail investors equally.”
“Partnering with Spool marks our expansion into offering an all-weather staking solution that builds on the foundation of trust and accessibility we have established within the wider staking community,” says Mirko Schmiedl, CEO & Co-Founder of Staking Rewards. “Staking should produce more reliable returns for everyone over the long-term, regardless of how volatile reward markets can be. We’re proud to partner with a platform that enables that to happen in a secure and customizable way.”
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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