Bison launches insured Ethereum staking service
Bison announced its insured Ethereum staking product in partnership with Munich Re and Staking Facilities
Users can stake as low as 0.005 ETH and earn weekly rewards
Bison, a crypto trading and exchange-traded funds (ETF) platform by the Böerse Stuttgart Group, has unveiled a new staking service offering insured staking with Ethereum.
According to an update on October 8, the product is part of a partnership between Bison and Germany-based companies Munich Re and Staking Facilities. Munich Re is a global reinsurance company while Staking Facilities is a Web3 infrastructure provider that offers non-custodial staking.
Staking from 0.005 ETH
Bison offers 27 tradable assets on its platform, including Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA). The platform also provides access to more than 2,500 stocks and exchange-traded products (ETPs).
With the new feature, Bison users will be able to stake Ether from as low as 0.005 ETH, allowing more holders to support the network and earn staking rewards.
More than this, Bison now supports insured ETH staking, with a gradual roll-out that includes slashing protection and weekly payouts. In terms of slashing, the insurance means stakers have protection against validator losses that arise from improper actions.
Exciting news 🚀 Staking made in Germany – our bare metal infrastructure now powers the @bisonapp $ETH staking functionality 🙌
Support the #Ethereum network & earn #staking rewards for doing so:
🔵 Stake as little as 0.005 ETH
🔵 Receive weekly rewards
🔵 Slashing risk insured… https://t.co/kvlmIMFxPC
— Staking Facilities (@StakingFac) October 8, 2024
Bison also benefits from compliant services, with all staked assets under custody by the Böerse Stuttgart Digital Custody. The regulated platform has a license from the Federal Financial Supervisory Authority, or BaFin.
Earlier this month, Böerse Stuttgart successfully completed a pilot on tokenized securities settlement involving major banks as part of the European Central Bank’s DLT tests.
In September, the company’s crypto subsidiary Börse Stuttgart Digital announced a partnership with DZ Bank to bring crypto trading and custody to its users.
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