Battlestar and Celsius Network Partner to Let Users Earn Up to 30% Interest on PoS Coins
Battlestar Capital, a United States-based financial services firm specializing in staking-as-a-service, has announced that users of its platform can earn up to 30 percent interest annually on their idle digital assets staked on the platform, according to reports published on March 26, 2019.
Battlestar Making Life Easier for Hodlers
Per sources close to the matter, Battlestar Capital has joined forces with Celsius, a highly reputed cryptocurrency lending platform, to unveil a new staking service that provides users with massive returns on their staked digital assets.
It’s also worth noting that Battlestar Capital has made it clear on its website that users of its system could also earn as low as 5 percent annually in some cases. For the uninitiated, cryptocurrency staking involves supporting a proof-of-stake (PoS) network with your idle tokens, while also earning interests on the staked cryptos.
Despite the super volatile nature of cryptocurrencies, Battlestar Capital has made it clear that it has put in place proper measures to ensure investors funds are protected while also generating decent profits for them.
Commenting on the matter, Battlestar Capital advisor, Meltem Demirors reiterated that while a vast array of crypto firms shy way offering clients staking and custodial services to clients due to the enormous risks involved, Battlestar has formulated a robust strategy that enables them to provide users with both services in an almost risk-free manner.
“Most market participants sidestep staking, and most staking agencies avoid custody because of the risks. Battlestar strategically merges both under one roof,” said Demirors.
CEO of Battlestar Capital, Adam Carver also noted that:
“After bitcoin’s (BTC) massive 85 percent price slump, investors looked to diversify their portfolio via staking other digital assets. PoS coins have emerged as a profitable means for investors to gain considerable yield with their passive cryptoassets.”
Celsius to Add Support for More Coins; Battlestar Facilitates Masternodes Hosting
At current, Celsius reportedly supports up to 17 cryptocurrencies on its staking platform; however, the team has revealed it’s looking to add about five more PoS-based digital assets in the coming months.
According to the Battlestar team, it has been privately partaking in PoS networks since 2017, with a series of staking algorithms specifically crafted by the founders of the platform to optimize returns on staked coins.
“Battlestar makes hosting masternodes such as Zcoin’s Znodes, more accessible. One of their excellent features is the use of secure multi-party computation (MPC) key solution, which fragments a private key and stores its pieces separately to eliminate the risk of a single entry point,” stated chief operating officer of Zcoin, Reuben Yap.
As reported by Bitcoin Exchange Guide earlier in February 2019, despite the prolonged bear market, reliable staking services like Battlestar provides cryptocurrency investors with a tested and trusted means to weather the storm and forward-thinking hodlers need to take advantage of the risk-free service.