Solidus Labs and Figment Launch Staking Guard for Ethereum Validators
Solidus Labs and Figment have introduced Staking Guard, a pioneering risk mitigation solution tailored for institutional Ethereum validators. This new tool is designed to foster trust, security, and compliance in the world of cryptocurrencies and decentralized finance (DeFi), which helps move towards the growth of Web3.
A New Standard for Institutional Staking
Powered by Solidus’ Builder and Relay, Staking Guard provides strong, high-performance, and low-latency protection against both traditional compliance risks and native on-chain threats. This ensures that compliant blocks are delivered securely, guarding against risks like market abuse, fraud, and manipulation.
For example, let's say an institution wants to stake Ethereum but worries about security breaches or fraud. Staking Guard acts like a security system that monitors the network for any suspicious activity and alerts the institution if something seems off. This ensures the security and trust necessary for institutions to participate confidently.
Integration with Figment’s Suite
By integrating Solidus’ Staking Guard into Figment’s suite of Ethereum relays, the collaboration establishes a new gold standard for institutional staking services. This partnership bridges a crucial market gap and acts as a catalyst for further institutional participation in staking.
Ben Spiegelman, Head of Corporate Development and Partnerships at Figment, highlighted that Staking Guard offers a model needed for institutional involvement based on Solidus’ expertise in security and compliance. This means Figment's customers can now benefit from a higher level of security and risk management.
Enhancing DeFi and Web3 Security
Asaf Meir, Founder and Chief Executive of Solidus Labs, emphasized that Staking Guard is the natural progression for Solidus’ comprehensive solutions. This makes it an indispensable enabler for the maturation and sustainable growth of DeFi and Web3.
For instance, if you have a business looking to explore DeFi options but are concerned about compliance risks, Staking Guard ensures comprehensive protection while allowing seamless, institutional-grade oversight with powerful reporting tools and audit trail logs.
A Brighter Future for Cryptocurrency
As the cryptocurrency market slowly grows, partnerships like that of Solidus Labs and Figment are essential. They reset new benchmarks and create a landscape for institutions to embrace and integrate DeFi and Web3 solutions.
Such collaborations help make the cryptocurrency ecosystem more secure and trustworthy, encouraging more institutional players to enter the market and contribute to its development.
In summary, Staking Guard represents a significant step towards building a more secure and compliant infrastructure for the high-stakes world of Ethereum staking and beyond.
