Zug, 14.02.2022 – Bitcoin Suisse, the Swiss crypto-finance technology pioneer, today announced the integration of Moonbeam to their staking offering as the first custodial staking provider worldwide. The current service includes custodial staking of Glimmer (GLMR), the native token of the Moonbeam Polkadot parachain, for Bitcoin Suisse clients with a minimum of GLMR in the equivalent of CHF 100’000.
As an enabler of the Swiss crypto-financial ecosystem, Bitcoin Suisse always strives to provide early access to the latest product developments for their clients. Due to the recent launch of Moonbeam, early stakers can benefit from a high current reward rate estimated at around 95% p.a. This so-called Annual Percentage Rate (APR) is expected to decrease substantially over time based on the underlying set-up of the protocol as more GLMR is unlocked and staked.
Moonbeam is an individual blockchain running in parallel within the Polkadot ecosystem, enabling Solidity smart contracts on Polkadot. With the ability to interact and exchange data and assets with other parachains within the system, parachains contribute to the scalability and speed of the Polkadot network. They can also connect to external networks such as Bitcoin and Ethereum using bridges. Read more about parachains within the Polkadot ecosystem here.
Fabian Hediger, Co-Founder and Head Innovation at Bitcoin Suisse, said: “To be a trusted partner and to be ready to support our clients during major developments within the crypto space continues to be a high priority for Bitcoin Suisse. To be the first company worldwide to provide custodial Moonbeam staking marks another milestone in our pioneering journey. We are excited to be once again at the forefront of innovation to help drive crypto adoption further and to be an enabler for further growth, awareness, and innovation for the European crypto market and the crypto community.”
Derek Yoo, CEO & Founder of PureStake, the developer company behind Moonbeam and Moonriver networks: “Moonbeam combines the best of two worlds: the familiar and easy-to-use developer tooling of Ethereum and the scalable, interoperable architecture of Polkadot. Staking is an integral part of the system that ensures liveness and censorship resistance of the chain. Having custodial staking options from trusted and experienced providers like Bitcoin Suisse increases the number and kinds of users that can actively participate in the network, thus improving the security of the network.”
Read more about custodial staking with Bitcoin Suisse and non-custodial staking (for amounts of below an equivalent of CHF 100’000) of Moonbeam here. Learn more about the Moonbeam Network here.
