- P2P.org, a multi-chain validator and staker, announced the launch of its institutional players Staking-as-a-Business service.
According to a press statement from the startup, P2P.org has more than a million Ether (ETH) staked, and its total value locked (TVL) has topped $7.4 billion.
To support the expansion of companies such as wallet providers, cryptocurrency exchanges, and custodians, the company now offers Staking-as-a-Business (SaaB).
Recently, it included support for EigenLayer, a popular restaking service that is credited with the growth of liquid staking that is currently shaping a new narrative in crypto world.
Artemiy Parshakov, Head of Product at P2P.org, stated that companies stepping into expanded defi services can feel more confident because of the comprehensive support for a full-stack staking suit.
A year after obtaining $23 million in backing from venture capitalists such as Jump Crypto, the company is making its offering. Since then, P2P.org’s TVL has increased by 395% from the $1.4 billion reported in the first quarter of the previous year.
The Appeal of Staking
SaaB services are offered by P2P.org on Ethereum as well as 35 other decentralized networks, including Kusama and Solana, as users vary their approaches to capitalize on the cryptocurrency industry.
Staking is the process of locking up digital assets to pass revenue or earn yield without having to sell the cryptocurrency tokens. It’s a feature that gives cryptocurrency investors more benefit when using proof-of-stake (PoS) blockchains like Ethereum.
The method has grown in popularity with Ethereum’s 2022 PoS upgrade. Over 26% of the total supply of Ethereum has been staked by users, bringing Ethereum’s staking market capitalization to over $110 billion, according to Coinbase.
The reward percentages on each platform vary slightly, however by using major providers, users can earn as much as 3.76% APR. By utilizing platforms like Ether.fi or liquid restaking protocols like Lido Finance, participants can also generate additional revenue and flexibility.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
