We're excited to announce we integrated with Coinbase Custody to add staking support for CELO, the utility and governance token that enables participation on Celo's mobile-first, proof of stake blockchain network.
Coinbase Custody clients will now be able to safely custody their CELO offline and delegate their stake to Bison Trails’ enterprise-grade validators without leaving the Coinbase Custody interface. Delegating stake enables customers to earn participatory rewards for helping to secure the Celo network.
We’re focused on lowering the barriers to participation in blockchain networks. By extending our integration with Coinbase Custody to Celo, we are improving the user experience of staking securely. As a member of Celo’s Alliance for Prosperity, we’re also deeply committed to Celo’s success, the security of the network, and enabling more people to participate easily.Joe Lallouz, CEO
Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. The novel proof of stake network enables mobile-first access to DeFi and dapps. Celo’s ultralight client is over 17000x lighter than other networks and enables any smartphone, even with limited internet connectivity, to quickly and easily sync with the network.
Through the recently announced Celo tTBC bridge, bitcoin will become easily accessible to the 6 billion smartphone users worldwide on Celo. By focusing on ease-of-use (e.g. by allowing ERC20-like tokens to be used for transaction fees) and focusing on the everyday user, Celo and its growing DeFi community are helping to make a new financial infrastructure accessible to all.
“The extension of the Bison Trails’ integration with Coinbase Custody to include CELO represents a growing interest for effortless ways to stake on new networks among institutional investors,” said Sam McIngvale, Head of Coinbase Custody. “Working alongside the Bison Trails team, we have been able to successfully offer support for some of the most popular assets, and are excited to welcome CELO to the Coinbase Custody community!”
“Coinbase Custody’s institutional-grade offline storage solution is one of the most trusted in the industry,” said Pranay Mohan, Product Manager at cLabs. “Paired with Bison Trails’ stellar technology and team, this integration will allow CELO holders to seamlessly lock and vote with their stake, thereby earning rewards and contributing to the security of the Celo network.”
Customers of both Coinbase Custody and Bison Trails will be able to select their Bison Trails validator via the Coinbase Custody interface. This integration represents another milestone in the collaboration between Coinbase Custody and Bison Trails, following news of an inaugural launch to enable secure Polkadot (DOT) staking and Solana (SOL) staking to validators on the Bison Trails platform. Users can seamlessly participate in securing Celo, Solana, and Polkadot in just a few clicks and start earning participatory rewards.
For more information on the Bison Trails and Coinbase Custody integration, please visit: https://bisontrails.co/delegate/coinbase/
Launched in 2018, Coinbase Custody offers its clients access to the same secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange businesses since 2012. Coinbase Custody is regulated by the New York State Department of Financial Services and is an independent entity built on Coinbase’s crypto-first DNA. All customer digital assets are segregated, held in trust for the benefit of our clients, and protected by an industry-leading insurance program. Coinbase Custody currently offers support for more than 37 digital assets. For more information, visit https://custody.coinbase.com.
Celo’s mission is to build a financial system that creates the conditions for prosperity for everyone. Celo’s mobile-first platform provides the opportunity to bring open finance to the 6 billion smartphone owners around the world. CELO is a utility and governance asset enabling participation on the Celo platform. Visit celo.org for more information.
Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 25 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 33 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.
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