Solidus Labs and Figment have introduced Staking Guard, a pioneering risk mitigation solution, tailored for institutional Ethereum validators to foster trust, security and compliance. The risk based solution model has been designed to increase institutional participation in staking and drive growth in the decentralized finance (DeFi) and Web3 spaces.
Powered by Solidus’ Builder and Relay, Staking Guard provides strong, high-performance, and low-latency protection against traditional compliance risks and native on-chain threats to ensure compliant blocks are delivered securely, guarding against risks and alerting on market abuse, fraud, and manipulation.
By integrating Solidus’ Staking Guard into Figment’s suite of Ethereum relays, we’re setting a new gold standard for institutional staking services. This collaboration not only bridges a crucial market gap but also acts as a potent catalyst for further institutional participation in staking.
Ben Spiegelman, Head of Corporate Development and Partnerships at Figment.
Staking Guard models a risk-based solution needed for institutional involvement based on Solidus’ crypto-native expertise in security and compliance.
Asaf Meir, Founder and Chief Executive of Solidus Labs, emphasized, “Staking Guard is the natural progression for Solidus’ comprehensive solutions addressing compliance and security risks off-chain, on-chain, and now – pre-chain – and we see it as an indispensable enabler for the maturation and sustainable growth of DeFi and Web3.”
Upholding optimized censorship-resistant models with an unaltered impact on rewards, Staking Guard ensures comprehensive protection against both legacy compliance and native on-chain risks, coupled with powerful reporting tools and audit trail logs for seamless, institutional-grade oversight.
With the cryptocurrency market slowly growing, partnerships such as that of Solidus Labs and Figment are essential in resetting new benchmarks and creating a landscape for institutions to embrace and integrate decentralized finance and Web3 solutions.
