Institutional Staking Takes Root: Luganodes and Rootz Lab Announce Strategic Partnership
By providing enterprise-grade staking and consulting services, the partnership aims to bring more institutions into Web3.
Rootz Labs is proud to announce a strategic partnership with Luganodes, a premiere institutional-grade staking service provider. Boasting an impressive AAA rating from Staking Rewards, Luganodes facilitates the staking of ~$600 million worth of assets across 30 networks with a 99.9% uptime.
Both Rootz Labs and Luganodes are dedicated to elevating the standards within the blockchain industry. Through Luganodes’s enterprise-grade staking service and Rootz’s world-class data analysis consulting, the partnership aims to attract more institutional delegators and increase the TVL in Web3. Part of that mission, they believe, is to reshape how institutions and individuals perceive “crypto.”
“It’s time to put an end to the notion of crypto as the Wild West,” Rootz Lab founder Wesley Xia noted. “Pioneering the frontiers of technology shouldn’t be an excuse for low standards. We’re working strategically with Luganodes to provide institutional grade services to Web2 and Web3 businesses and prepare for a future that increasingly lies with proof of stake networks.”
Building Institutional Trust in Web3, Block by Block
Luganodes and Rootz Labs share a common goal: bringing enterprise-grade services to institutional clients.
The two projects focus on two different, but complementary, fields. Rootz Labs is a leading venture studio that offers top-level research and in-depth analysis. Luganodes, on the other hand, is among the industry’s most successful non-custodial staking services.
As Luganodes provides staking services to more projects, Rootz Labs will be able to provide those projects with top-level consultation to ensure they thrive. Luganodes already helps users stake on networks like Polygon, Ethereum, Aptos, Cardano, and Sui, and that list will only continue to grow.
At the same time, institutional partners looking to move into Web3 through Luganodes will have access to premiere analysis that can provide a deeper understanding of the technology they are supporting.
Existing Rootz Labs partner projects will be able to access Luganodes’s staking services, giving their communities out-of-the-box non-custodial staking. This, in turn, helps Rootz Labs’ portfolio projects remain successful.
Preparing for the Proof of Stake Future
Even before Ethereum’s 2022 merge event, Proof of Stake had emerged as the preferred consensus method in Web3 for L1 chains for its sustainability and scalability. The rise of L2 and L3 chains has only amplified this trend.
This shift suggests that professional staking services will soon overshadow the industrial-scale mining operations needed for Proof of Work. In this evolving landscape, non-custodial staking services like Luganodes will play a pivotal role in upholding the self-sovereign ethos of Web3. By simplifying staking while ensuring users retain ownership of their assets, Luganodes champions the decentralizing spirit of Proof of Stake, preventing the concentration of capital in the hands of a few centralized entities.
By working in collaboration with each other, Rootz Labs and Luganodes expect to deliver enterprise-grade services to evermore blockchain ecosystems. And by providing a higher level of service, they will also be able to attract more Web2 institutions and businesses to Web3, helping to mature the industry.
“We’re excited to work with Rootz Labs to provide a better lay of the land to partners we onboard,” said Anuj Shankar, CEO of Luganodes. “Their expertise and research are a huge asset, especially to institutional adopters who tend to be risk averse. ‘Alpha’ shouldn’t refer to rumors spreading in Telegram chats. It should be the kind of well-researched data Rootz provides its partners.”
About Luganodes
Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 30+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards.
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About Rootz Labs
Rootz Labs is a research-centric venture studio investing in cutting-edge blockchain technology. They have a strong Global presence in cities like Tokyo, Seoul, Hong Kong, Abu Dhabi, Abuja, Moscow, and Istanbul. They have partnered with many industry leaders, such as Coinbase, OKX, Zebec, and Cardano, to provide builders with the connections they need to be successful.
The Rootz Labs Team is always looking for opportunities to promote innovation and disruptive blockchain projects that will drive real-world change.
