Coinbase works with Sui to enable non-custodial staking from Day 1 of mainnet
April 28, 2023
Coinbase works with Sui to enable non-custodial staking from Day 1 of mainnet
Coinbase is working closely with Sui Foundation to enable support for Sui non-custodial staking from the first day of Sui Mainnet launch. With Coinbase, developers can easily integrate SUI staking into their products securely and reliably.
Coinbase participated in Sui’s Incentivized Testnet and collaborated closely with Sui on protocol design and tokenomics.
The vision for Sui
Sui aims to deliver high performance, supporting faster transaction speeds, and low network fees for users that don’t spike during increased activity. It also aims to make it easier to work with heavier data loads.
With its unique tech stack and consensus design, Sui is positioned to be a thriving ecosystem of builders and users.
Sui Foundation empowers secure native staking on Sui with Coinbase’s non-custodial validators
Developers such as custodians, fintechs, and wallets looking to offer Sui staking for their end users can rely on Coinbase Cloud’s secure, non-custodial staking infrastructure. Cloud’s staking infrastructure can be integrated with preferred custody solutions, or simply configured to let users hold custody of their tokens. Developers can also benefit from Coinbase’s broader array of developer products or wallet integrations.
Coinbase Cloud’s staking infrastructure is designed to let developers focus on their end product. Coinbase Cloud manages the complexity of running Sui nodes while creating seamless delegation flows for end users. It offers a secure path for companies and dapps to enable their end users to earn secure, reliable rewards directly from the protocol for their efforts.
Building a more robust onchain ecosystem
We are looking to onboard the next billion users onchain. We know this bold vision cannot be accomplished by a single company or blockchain. We are excited to work with innovative protocols like Sui to create a path forward for a robust ecosystem that will help build towards this vision.
If you are interested in the non-custodial staking solution from Coinbase Cloud, get in touch with the Cloud team here.
This document and the information contained herein is not a recommendation or endorsement of any digital asset, protocol, network, or project. However, Coinbase may have, or may in the future have, a significant financial interest in, and may receive compensation for services related to one or more of the digital assets, protocols, networks, entities, projects, and/or ventures discussed herein. The risk of loss in cryptocurrency, including staking, can be substantial and nothing herein is intended to be a guarantee against the possibility of loss.This document and the content contained herein are based on information which is believed to be reliable and has been obtained from sources believed to be reliable, but Coinbase makes no representation or warranty, express, or implied, as to the fairness, accuracy, adequacy, reasonableness, or completeness of such information, and, without limiting the foregoing or anything else in this disclaimer, all information provided herein is subject to modification by the underlying protocol network. Any use of Coinbase’s services may be contingent on completion of Coinbase’s onboarding process and is Coinbase’s sole discretion, including entrance into applicable legal documentation and will be, at all times, subject to and governed by Coinbase’s policies, including without limitation, its terms of service and privacy policy, as may be amended from time to time.
