For Institutional Staking, Everstake Ticks All the Boxes

02 FEB 2024
6 min read
Company News
Institutional Staking
6 min read
Article content
Security and Safety
Stability
Customization
Interactions Simplified
Conclusion

Everstake’s broad user base of 735,000+ users, extensive blockchain portfolio, near-perfect uptime across our 75+ blockchains in operation, consistently high APRs among many assets, proven security, and active engagement in governance have earned us the trust amongst private and institutional holders, and a stellar reputation for reliability and high performance.

This article explores key advantages of Everstake’s services that make us stand out among our peers in the area of institutional staking.

Security and Safety

Everstake values the trust of our users and partners above all, which is why we emphasize security first in everything we do. 

Safeguarding Operations

Everstake employs best practices to secure our infrastructure, including drop-all/allow-specific firewall policies, SSH-key-only authentication, OS hardening, and adherence to the principle of least privilege for team members. We also develop and enforce comprehensive management systems and disaster recovery procedures, as well as conduct internal security testing before launching any service or system​​. Policies of this kind—ensuring both secure and robust operations—have played an important role in Everstake’s zero-slashing history on Ethereum and across other prominent chains.

External Validation and Certifications

Staking Rewards has classified Everstake as an AAA-verified provider, reflecting our services meeting the highest rating across industry-standard metrics for validators. Additionally, Everstake has joined the Secure Staking Alliance as a founding member. The Alliance aims to create standardized procedures for running staking infrastructure and anti-slashing policies.

Audits

Everstake’s security practices are focused on safeguarding our operations and smart contracts where relevant against potential vulnerabilities associated with traditional staking. This includes multiple audits conducted by such industry leaders as ChainSecurity, Ackee Blockchain, and Blaize.Security that put our solutions to the test with manual code reviews, static analysis by automated tools, business logic review, unit test coverage checks, extensive integration testing, and more.

  • The Blaize.Security audits covered various smart contract checks, such as unsafe type inference, reentrancy, gas limit and loops, and DoS vulnerabilities. These audits included analysis by automated tools and manual code review, resulting in comprehensive security reports. In these audits, Everstake’s contracts were found to be highly secure, achieving a score of 10 out of 10 and 9.8 out of 10, respectively. 

  • ChainSecurity conducted a comprehensive smart contract audit, assessing all aspects, including the correctness of accounting, asset solvency, and access control, which resulted in a positive security rating.

Stability

735K+ holders staking worldwide across 75+ blockchains testify to Everstake’s position as the most diversified staking provider on the market. 

Smaller user bases and a narrower set of supported chains leave other providers exposed to persistent unstaking risk, which can force them to cut costs at the expense of safety and performance.

By contrast, the level of diversification we’ve achieved allows us to invest maximum resources into the quality of infrastructure and a team that includes DevOps, community managers, and R&D specialists, all dedicated to ensuring 100% uptime and delivering the highest stability that is paramount to our institutional partners.

Customization

Everstake is proud of its track record of delivering a diverse array of customization options for institutional staking.

  • Everstake has the capability to establish and manage infrastructure in various jurisdictions. This flexibility allows institutions to bring their staking activities in line with specific regulatory environments and market conditions, ensuring compliance and providing an important strategic advantage. By operating within different legal frameworks, these services can cater to the unique needs of global institutions and provide a broad operational reach.

  • We enable our customers to select from a wide range of Maximum Extractable Value (MEV) relays, which is crucial for institutions looking to optimize their returns from staking. MEV relays help capture additional value from transaction ordering in a block, which can significantly enhance the profitability of staking operations. By providing access to various battle-tested MEV relays, Everstake helps institutions tailor their strategies based on their risk appetite and return expectations to maximize their staking ROI.

  • Everstake provides institutions with tools to balance their needs around control, security, and scalability. Our solutions enable users to diversify their infrastructural requirements and can be tailored to any particular needs they may have.

  • Everstake provides customized reporting for tax and compliance purposes, including statements in compliance with tax laws across various jurisdictions and regulatory requirements. This simplifies financial reporting for institutions engaged in staking, enabling them to maintain transparency and compliance with regulatory standards while optimizing against tax liabilities.

Interactions Simplified

Everstake is proud to offer a wide range of options for simplifying interactions with the staking environment and ensuring the utmost convenience for our partners and users.

  • Everstake has developed a variety of solutions specifically for Ethereum (ETH) staking, catering to different institutional requirements and scenarios. We appreciate the unique needs and objectives of different investment strategies, which can vary significantly from hedge funds to family offices and other models. 

  • We have integrated our staking services with major institutional custody and treasury management platforms, with Everstake a preferred provider for industry leaders Anchorage and BitGo, among them. These integrations streamline the staking process for institutions, providing them with an intuitive environment to manage their staking activities.

  • Everstake’s staking services are accessible through major staking channels and marketplaces. This availability ensures institutions have easy access to our services, ensuring full compliance with industry standards and best practices​​.

Conclusion

Want to start a partnership? Simply book a call with our Business Development team, and let’s talk!

Everstake offers a comprehensive solution for institutions seeking to take advantage of staking opportunities across their portfolio of digital assets. Our focus on safety and security, reliable infrastructure, and compliance measures ensure peace of mind for our partners. With near-perfect uptime delivered through top-grade infrastructure and operations refined over 6 years and 150+ blockchains, we’re optimally positioned to cater to the diverse needs and strategies of our partners while offering a simple working model and highly competitive terms. 

We’ve brought all of that together to make Everstake a one-stop solution for institutions to get the most out of their staking activities, customized to their requirements with top-grade services and consistent round-the-clock support every step of the way.

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Everstake is the world's leading validator, with 735,000+ delegators across 77 blockchain networks. We stake $4.8 billion in assets and provide best-in-class staking services to institutional and retail clients.

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