Terrace customers can now earn rewards by staking their digital assets to Figment’s institutional infrastructure all while they remain secure with Turnkey’s wallet technology.
Terrace is an institutional-grade trading terminal for DeFi customers to participate in lending, borrowing, trading, and now staking. Through this partnership, Terrace will provide staking services to its customers and its internal treasury department, powered by Figment’s industry leading staking infrastructure. Terrace and their clients can now stake across multiple networks including ETH, AVAX, MATIC, ATOM, and dYdX. Assets are secured by Turnkey’s wallet infrastructure which provides institutional-grade security and reliability while enabling clients to retain control of their digital assets.
Terrace’s staking offering is powered by Figment APIs. Attributable to the flexibility of both partners’ APIs, Terrace integrated Turnkey embedded wallets with Figment API to generate, sign, broadcast, and track staking transactions out of the box. The API provides Terrace users with deep data-backed insights into the full lifecycle of staking, from the moment they stake on-chain, to tracking granular rewards earned on-chain, all the way to the monitoring the withdrawal process after unstaking their assets.
“We are thrilled to enable our customers to stake with Figment’s best-in-class infrastructure and security directly from their Terrace account. Leveraging Turnkey’s non-custodial, flexible infrastructure has been essential to creating the seamless experience institutions expect while maintaining the security and custody they require.” – Jesse Beller, Co-Founder and CEO at Terrace
“Creating an end-to-end solution for trading, key management, and staking with Terrace and Turnkey truly embodies how Web3 partnerships should be built. The result is Terrace customers can click-to-earn staking rewards seamlessly in their trading platform with no additional steps.” – Ben Spiegelman, VP, Head of Corporate Development and Partnerships at Figment
“We’re excited to help advance the self-custodial product experience for institutional customers through this partnership. Leveraging Turnkey’s extensible, non-custodial wallet infrastructure, Terrace and Figment have created an intuitive, reliable and secure experience for digital asset managers looking to stake.” – Bryce Ferguson, Co-Founder and CEO at Turnkey
Key Features of Protocol Staking on Terrace:
- Terrace customers can stake directly from their portfolio management system, monitor positions in real-time, and track all staking-related activity through Terrace’s comprehensive reporting system.
- Clients benefit from Figment’s engineering and protocol expertise to earn consistent staking rewards via our safety over liveness approach. When Figment Validators were selected to propose blocks, they outperformed the median execution layer rewards by ~4%, leading to best-in-class staking rewards for Terrace customers.
- Furthermore, Terrace customers benefit from Terrace’s scale for premium pricing with Figment.
- Figment operates best-in-class staking infrastructure including a SOC 2 Type I and ISO 27001 certified environment. For further protection, Figment provides peace of mind with our robust risk and full slashing coverage to Terrace customers.
- With fully flexible signing, Turnkey offers industry leading security that allows the user to retain complete control over their digital assets.
About Terrace
Terrace is a riskless-principal brokerage and software platform for digital assets. Terrace offer better pricing, deeper liquidity, and broader asset coverage than any digital asset broker or exchange by aggregating the world’s leading centralized and decentralized crypto markets and liquidity providers. Terrace is self-custodial and provides cross-chain and DeFi/CeFi hybrid order, execution, and portfolio management on over 40 DEX, CEX, market makers, and OTC desks to dozens of institutional investors and asset managers globally
About Turnkey
Turnkey is secure, flexible, and scalable wallet infrastructure offering low-level primitives for teams building on-chain experiences. Founded by the team that built Coinbase Custody, Turnkey is powering serious applications across a wide range of use cases, from wallets-as-a-service to programmatic backend crypto automation. By leveraging a novel security framework, Turnkey achieves 50-100ms signing latency for millions of wallets, all with affordable transaction-based pricing that’s designed for scale.
About Figment
Figment is the leading provider of staking infrastructure. Figment provides a comprehensive staking solution to over 250 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH on Figment validators. Figment’s institutional staking service offers seamless point-and-click staking dashboard, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem.
The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax or investment advice. Figment undertakes no obligation to update the information herein.
Media Inquiries
Terrace:
info@terrace.fi
Turnkey:
hello@turnkey.com
Figment:
marketing@figment.io
