ICYMI: Coinbase, Figment to support institutional liquid staking protocol Alluvial
Coinbase Cloud and Figment will provide staking services for Alluvial.Coinbase and crypto staking firm Figment are supporting the development of a new liquid staking protocol aimed at institutional investors.
The startup's pitch is that current liquid staking protocols do not cater to the needs of institutional investors."What the space needs is an opportunity for enterprises and institutions to leverage composable liquidity while remaining aligned with their compliance requirements," Leisinger told The Block.
Alluvial will initially support staking on Ethereum and has a plan of multichain support in the future, said Leisinger. The protocol is expected to launch sometime later this year.
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