Staked Joins Vast Collective of Staking Validators For Cudos🥳
Leading staking-as-a-service provider to many institutions across the globe, Staked will add huge value to Cudos as the latest staking validator to the Cudos’ proof-of-stake network.
As of today, Staked has formed a new partnership today with Cudos to become a key validator node operator on the Cudos PoS network. Backed by some of the biggest names in the digital asset space, such as Pantera Capital and Winklevoss Capital, Staked specialize in providing non-custodial staking services for institutions.
Staked already runs validator nodes for over 40 PoS projects and is sure to bring enormous value to the Cudos network in both prestigious expertise and committed audience, further expanding Cudos’ portfolio of disruptive technologies using the PoS consensus mechanism.
“Staked is delighted to extend its support to Cudos as the Proof-of-Staking ecosystem continues to rapidly expand to new users and geographies,” Staked CEO, Tim Ogilvie said when asked to make a comment, and continued to say that by “Partnering with the likes of Cudos, we are able to grow together and provide first-class service to more customers.”
As a validator on the Cudos network, Staked will become an important node operator, further expanding Cudos decentralized cloud compute network and bringing a new audience of CUDOS token stakers to the ecosystem. This network will be interoperable with multiple chains, offering layer 2 services with the ability to bridge to an extensive layer 3 supply of computing power.
“Excitingly, Staked will operate a Cudos validator node in Canada, a key location for the widespread North American market where we’re forecasting an enormous scale of future activity over the network. We’re unduly proud that Staked is joining our network; bringing further credibility, breadth of knowledge, and a world-class audience of institutional investors, focused on cutting edge technologies to the Cudos ecosystem.” — Pete Hill, VP of Sales, Cudos.
Staked helps investors earn yield from staking and DeFi lending without taking custody of their crypto assets. Founded in 2018, the Company runs staking infrastructure for 40+ proof-of-stake blockchains and their RAY token delivers the highest yield in DeFi for ETH and stablecoins.
Staked works on behalf of leading crypto funds and offers an API that allows custodians, exchanges and wallets to offer these tools to their customers. Staked investors include Pantera Capital, Winklevoss Capital, Digital Currency Group, Parafi Capital, Coinbase Ventures, Fabric Ventures, and other leading blockchain investors.
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The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being designed to ensure decentralized, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.