Liminal, a wallet infrastructure and custody solutions platform, announced a collaboration with Figment, provider of staking infrastructure, to offer users a way to earn protocol staking rewards while keeping their assets safe in a Liminal wallet.
Liminal is venturing into the staking world through a partnership with Figment. Under this, support for Cosmos and Solana will go live, with Ethereum, Cardano, and Polkadot to be followed soon. Staking is now available on Liminal’s platform, allowing clients to easily delegate their tokens and receive rewards with a high level of security and efficiency.
Why Staking?
Protocol Staking is a process in which token holders stake their tokens to help decentralize, secure, and maintain the health of blockchain networks. In return, users receive staking rewards directly from the network. As a reward for participating in the network, stakers receive a steady stream of rewards independent of underlying token prices.
Rahil Shaikh, Director of Blockchain Engineering at Liminal, says, “We are excited to partner with Figment to bring a seamless way to earn protocol staking rewards with assets secured in a Liminal wallet. This integration is an important step towards providing our users with a secure, efficient, and user-friendly way to earn rewards while maintaining the highest levels of security. We are committed to creating a better future of finance, and this partnership is another step towards that goal.”
Eva Lawrence, Head of EMEA at Figment, adds, “We are excited to be partnering with Liminal as they launch their institutional staking strategy. Both Liminal and Figment have security and compliance at the heart of the offerings, and we are pleased to work together to power Liminal’s staking offering. This partnership continues Figment’s growth as the trusted provider for staking services in Europe, Asia and globally.”
