Coinbase Custody, Bison Trials Partner To Roll Out Polkadot (DOT) Staking Services
- Bison trials has recently announced its integration with Coinbase Custody while also providing support for the Polkadot protocol.
With help of blockchain infrastructure-as-a-service firm Bison Trials, Coinbase custody announced staking support Polkadot’s DOT tokens client's, with up to 20% returns. As it was officially announced on the 14th of April 2020, the new integration will allow Coinbase Custody clients to entrust Polkadot (DOT) tokens to Bison trial validators.
Speaking to news source cointelegraph, Joe Lalloz the CEO of Bison Trials promised that this integration will make it easier for people to participate in the network and that it would smooth the running of blockchain infrastructure. This will be done by putting more emphasis on the user experience which in turn will support greater participation. The integration according to the CEO of Bison Trials will make it easy for clients to earn staking rewards by participating in securing Polkadot.
Staking could be the long awaited turnaround on crypto
Sam Mclngvale, the CEO of Coinbase Custody recently said that staking provides Coinbase Custody clients with a way to improve crypto governance. This is by participating in network rewards while chipping in to the governance and security of the general crypto ecosystem. CEO Joe Lalloz seemed positive about the whole project claiming that the future infrastructure was more promising.
Bison Trials, per recent reports, the two Libra members and Coinbase Custody are planning on adding staking service for other blockchains in the future. This however will not be the first time that the two firms worked on staking issues, back in January of this year, Coinbase Custody and Bison Trails teamed up with a lobbying organization, Proof of Stake. The two Libra members did this in a bid to push for clearer regulations on crypto.