SwissBorg and Kiln: Staking Strategies to Boost User Rewards

New staking strategies coming to SwissBorg, powered by Kiln

We are excited to announce our partnership with Kiln, a top-notch staking platform designed for enterprises, allowing institutional clients to stake their assets and integrate staking features seamlessly into their own services.

With this collaboration, SwissBorg app users will be able to access staking and earning rewards on the largest Proof-of-Stake (PoS) blockchains, like Ethereum (ETH), Solana (SOL), Cosmos Hub (ATOM), Near (NEAR), Polkadot (DOT), and Polygon (MATIC).

Understanding the staking opportunity

In PoS blockchains, staking consists of locking native tokens to earn the right to help secure the chain via a validator. Validators review transactions on the blockchain and bundle them together to propose new blocks. Through these activities, validators earn rewards for stakers who commit part of their assets. 

Staking is considered a natural way to earn rewards in the crypto space as it derives value from the inflation of the blockchain's native asset, and transaction fees, where the protocol is the counterparty.

By staking, token holders can earn rewards and grow their digital asset holdings. Staking plays a crucial role in network security, governance, and contributes to the growth of the Web3 ecosystem as a whole.

Why SwissBorg chose Kiln as its staking provider

For the past two years, SwissBorg has been dedicated to developing innovative products and features that empower users to manage their crypto portfolios effectively.

We have provided our community of app users with exciting opportunities to earn rewards on their digital assets. Building upon this success, we have recognised the growing demand for native staking as an additional avenue for users to earn rewards. SwissBorg’s product team was looking for a solution that was simple and quick to implement, while guaranteeing the highest staking rewards and superior levels of security for their users. 

The team chose Kiln as their exclusive staking provider for its:

• Security: As a non-custodial solution, Kiln does not see the users withdrawal keys. To prevent slashing, Kiln experts have also defined and implemented multiple layers of anti-slashing protection endorsed by the Ethereum Foundation. Slashing coverage is available in partnership with Chainproof and Nexus Mutual.
• Full stack products: Not only did SwissBorg choose Kiln for its white-labeled, dedicated validators and simple dashboard, but also for its unified rewards API used on all PoS chains. It is indeed the only way to support all PoS chains without compromising user experience and ensuring accurate reward distribution.
• Performance: Kiln operates at industry leading performance levels on the blockchains it validates on, resulting in high APYs. Therefore maximising the return for SwissBorg app users. 

“We're thrilled to partner with a top European company to offer native staking to our users. The launch of native staking for our users through this partnership perfectly complements our existing range of rewards products, allowing our users to maximise the potential of their assets. Kiln Connect impressed our tech team with its ease of use and real-time rewards distribution monitoring, ensuring an exceptional experience for our users" (Nicolas Rémond - CTO at SwissBorg).

Benefits for SwissBorg app users:

Thanks to this new product integration, SwissBorg users can now benefit from: 

• Rewards ranging from 4% to 15%* GRR (Gross Reward Rate) on Kiln’s validators.
• Ease-of-use: 1-click staking with a clear and simple interface for all supported protocols.

"We are thrilled to bring the power of staking to SwissBorg users. By offering staking services, we enable SwissBorg users to earn revenue on their  digital assets while participating in the security of blockchains" (Laszlo Szabo - CEO and co-founder at Kiln).

About Kiln

‍Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $1.5b stake under management, Kiln has a particularly strong track record on Ethereum as we run about 3% of the network; this includes 16,000+ validators with 0 slashing events. 

*As of May 11, 2023, source: https://www.stakingrewards.com/