Today we’re excited to announce we extended our integration with Coinbase Custody to enable Coinbase Custody clients to seamlessly stake Solana (SOL) tokens to enterprise-grade validators on the Bison Trails platform.
Coinbase Custody provides an institutional-grade offline token storage solution and is one of the first cold storage custodians to offer SOL storage. Paired with Bison Trails’ secure infrastructure platform, Coinbase Custody clients are presented with the optimal conditions to participate in the Solana network by staking with safe, offline storage of their assets.
Delegating now, during Solana’s “warmup period,” gives the stake time to become active so token holders can start earning rewards quickly when inflation is activated. The warmup period can be from a few days to a few weeks, depending on how many other people are staking/unbonding at the same time, so participating early is important, even before inflation is active.
This collaboration represents a deepening of the integration of Coinbase Custody’s institutional-grade offline storage solution with the Bison Trails infrastructure platform, and comes on the heels of an inaugural collaboration to enable Polkadot (DOT) staking to Bison Trails’ public validators. Coinbase Custody clients can stake Solana (SOL) tokens to validators on the Bison Trails platform, easily and securely.
“By extending this integration, Bison Trails is now enabling any Coinbase Custody customer to stake their SOL, and DOTs, securely to Bison Trails' highly available validators. It's a seamless integration and a phenomenal user experience. We look forward to working with the Coinbase Custody team to continue to add support for more protocols in the near future.” —Joe Lallouz, CEO of Bison Trails
Customers of both Coinbase Custody and Bison Trails will be able to select their own dedicated Bison Trails validator via the Coinbase interface. This process will make it simple to participate in securing Solana, and Polkadot, in just a few clicks.
"We are excited to offer our clients an effortless way to stake on the new networks they care about most. With our Bison Trails integration, it has never been easier to earn staking rewards on Coinbase Custody."—SAM MCINGVALE, CEO OF COINBASE CUSTODY
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.
Solana is a high-throughput blockchain that is currently supporting 50,000 transactions per second and 400ms block times, without complex solutions like sharding or layer-two. As the world’s first web-scale blockchain, Solana unlocks a whole new class of performant applications and facilitates larger-scale blockchain adoption. Utilizing a revolutionary innovation called Proof of History, Solana is drastically able to outperform any other existing layer 1 and provide fees at $0.00001 per transaction. Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.
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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