Ethereum staking has become an essential functionality for staking managers to offer their customers the ability to optimize rewards and participate in securing the protocol. However, the 32 ETH requirement for running a validator has been a significant barrier to entry. This is costly and limits institutions’ ability to provide the full benefits of staking to their customers.
In a previous article, we introduced the features of Figment Vaults as a novel staking solution to support institutions with segregated wallets to stake any amount of ETH to avoid the 32-ETH constraint.
In our recent product release, we streamlined the Vaults setup process to make it faster and easier for staking managers to implement sub-32 ETH staking.
Deploy Vaults with Ease
We launched Figment Vaults in September with a manual setup process. In our recent update, we added a deploy wizard in the Figment app to guide you through the process of setting up your Vault. Easily deploy vaults in minutes and control where your validators are located. This feature is another way to give staking managers control over their operations and reduces the time required to implement a secure and transparent staking solution.
Built for Institutional Sub-32 ETH Staking
Institutions with end-users that have self-custody wallets can now offer sub-32 ETH staking. The vault offers segregated end-user staking balances and rewards history. The Vaults are designed specifically for institutions as they don’t commingle assets with other institutions, unlike traditional staking pool solutions.
Unlock User Sub-Accounting via Smart Contracts
Vaults utilizes an audited smart contract to allow users to deposit any amount of ETH. This segregated staking setup allows rewards accounting to be delivered separately for each wallet address. As a result, institutions get both the benefits of staking any amount of ETH and the ease of accounting in a private and configurable way.
What does the vault smart contract do?
- Accepts ETH deposits
- Manages validator activation/deactivation
- Distributes ETH rewards appropriately to depositors of the vault
- Handles sub-accounting of different wallets that deposit to vault
- Auto-compounds rewards
- On-chain billing
Enable Customizable Staking Solutions
Vaults allow each solution to be bespoke and run different staking configurations. You have the flexibility to choose your MEV relays, as well as the geographic location of your validators, if needed.
Earn Reliable Risk-Adjusted Rewards
Vaults’ core functionality enables reward distribution, auto-compounding rewards, and on-chain billing that enables institutions to easily manage their staking services.
All these components work together seamlessly to create a secure, efficient, and highly scalable staking solution that allows institutions to focus on growing their business rather than managing their ETH staking infrastructure.
At Figment, we prioritize risk-adjusted rewards through our “safety over liveness” approach. This means we optimize performance based on security and stability rather than maximizing uptime at any cost. Our infrastructure is designed to prevent slashing risks through rigorous monitoring systems and battle-tested open-source software.
Try Vaults for Your Business
If you are a staking manager or a product manager responsible for delivering staking functionality for your organization, get in touch with us to learn more:
- Schedule a Demo: see how Vaults integrate seamlessly with your existing infrastructure.
- Test It on Your Own: Experience the benefits of Vaults firsthand with our new rapid deployment feature on the Figment app.
- Consult Our Experts: Have questions about scaling? Our engineers can help tailor Vaults to your specific needs.
Don’t let the complexities of ETH staking hold your platform back. Contact Figment today to learn how you can deploy your Vault in minutes and start offering sub-32 ETH staking to your users.
