Lido Brings Liquid Staking To Copper's ClearLoop
Lido Institutional contributors are thrilled to share that Copper has integrated Lido protocol, providing their institutional clients the possibility to stake ETH with Lido protocol’s liquid staking middleware for Ethereum.
This integration allows Copper’s clients to participate in Ethereum staking, with less operational complexities, and without any minimum staking requirements. By making use of Lido protocol’s liquid staking token (stETH), Copper’s institutional clients can now receive staking rewards within Copper’s institutional-grade custody environment.
Copper’s ClearLoop platform enables its clients to manage collateral and operates across multiple exchanges, while also mitigating counterparty risks associated with digital asset management for institutional clients.
With this integration, Copper’s clients can now incorporate staking rewards into their diverse use cases and make use of stETH on ClearLoop-supported exchanges, including OKX, Bybit, and Deribit.
Ben Lorente, Strategic Alliances Director at Copper commented, “We’re thrilled to have integrated Lido protocol. Our clients can leverage Lido’s liquid staking middleware with Copper’s multi-award-winning MPC technology, ensuring assets are protected whilst benefiting from liquid-staking which simultaneously addresses issues of security and liquidity”.
"This integration transforms how institutions participate in Ethereum staking. Combining Copper's institutional infrastructure with Lido's liquid staking technology eliminates the operational hurdles that institutional stakers have faced," said Kean Gilbert, Institutional Relations Contributor to Lido DAO.
About Copper.co
Since being founded in 2018, Copper has been building institutional cryptoasset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive suite of products and services required to custody and trade cryptoassets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges.
About Lido Institutional
Lido Institutional represents a dedicated group of contributors focused on advocating for the use of Lido protocol’s open-source, liquid staking middleware by non-retail users. Lido middleware provides a way to participate in the blockchain network validation process and get staking rewards for this activity. With a mission to democratize staking, Lido middleware lets users connect with node operators and stake their digital assets without the need to individually maintain hardware.
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