ConsenSys Divulges Ethereum 2.0 Staking-As-A-Service Platform, Reveals Participants List

ConsenSys Codefi has unfolded an Ethereum 2.0 staking-as-a-service platform with institutional functionality. The platform is available for cryptocurrency wallets, custodians, exchanges, funds, and other likely customers. Recently, Codefi divulged its 1st batch of Pilot Program participants.

The first set of companies to join the Codefi Staking Pilot Program include Crypto.com, Huobi Wallet, Matrixport, Trustology, DARMA Capital, and Binance. The program is premeditated to incorporate feedback and feature requirements while structuring the Codefi Staking API prior to the launch of Ethereum 2.0.

It is to be noted that Codefi Staking is built on top of a software stack constructed by ConsenSys. The main objective of the project is to offer access to the Ethereum 2.0 network to allow enterprises to successfully participate in the succeeding phase of Ethereum’s growth.

The Product Lead of Codefi Staking, Tim Lowe mentioned,

“Some of the risks associated with running your own validator include theft or loss of withdrawal keys, incorrect transfer of funds to the Eth 2 deposit contract, and not to mention hardware or internet connectivity failures which result in a loss of validator rewards.”

He further added,

“With ConsenSys Codefi, validator keys are held in a secure vault with online signing capability, and there will be multiple layers of gatekeepers validating transactions preventing unauthorized usage.”