Staking Rewards is thrilled to announce a strategic partnership with the European Blockchain Association (EBA) to bring more certainty, clarity, and industry standardization to the staking industry through the Verified Staking Program (VSP). This collaboration aims to foster and strengthen the staking ecosystem within the European Union, benefiting both parties through strong synergies and shared goals. As part of the partnership, EBA members will receive exclusive discounts on the VSP.
Transforming the Staking Landscape with the VSP Initiative
The Verified Staking Program is a critical component in the ongoing development and maturation of the staking industry. In an unregulated and rapidly evolving market, the program serves as a vital mechanism for ensuring the integrity and reliability of staking providers. The program provides trust and transparency and helps to standardize industry practices, promoting greater consistency and fairness across the staking ecosystem. Now, users can benchmark the performance of over 46 staking providers (April 2023) , making it easier than ever to make informed decisions when selecting a staking provider. The VSP program will pave the way for industry-wide improvements, elevating the staking experience for users across the European Union.
Learn more about the Verified Staking Program
Exclusive Discounts for EBA Members
As part of this partnership, all EBA members will receive an exclusive discount to join the program. To express your interest and learn more about the benefits of joining the VSP, fill out the Get Listed form.
EBA’s Support and Excitement for the VSP Initiative
The EBA recognizes the importance of this initiative in bringing staking to the masses and is excited to support the VSP in its quest to improve the staking industry. Through this partnership, both the EBA and Staking Rewards are committed to promoting a more transparent, reliable, and secure staking environment for all.
How Does Staking Rewards Verify Providers?
The due diligence process includes reviewing on-chain performance data as well as the responses provided by the provider on the Verification Form, evaluating their business practices, security measures, and overall trustworthiness. Based on this evaluation, StakingRewards assigns the SR Rating to the provider, with a passing rate of 70%. Staking Providers who pass the verification process will be deemed verified on the Staking Rewards platform, and their profiles will feature a Verified Badge, serving as a trust anchor for the community of 400k unique monthly investors.
In addition to this, StakingRewards evaluates the value-added services of the staking providers and assigns the Value-Added Score. They are offering the score as a supplementary point of reference to recognize providers who actively contribute to ecosystem development and community building.
Final Thoughts: Staking Rewards and EBA’s VSP Initiative Pave the Way for a Trustworthy and Standardized Staking Industry
The VSP initiative represents a significant step forward in fostering trust and transparency within the staking industry. It serves as a catalyst for the standardization of industry practices, promoting greater consistency and fairness across the staking ecosystem. The EBA and Staking Rewards’ partnership is mutually beneficial and will help to foster and strengthen the staking ecosystem within the European Union. The VSP is an ideal solution for investors looking to make confident decisions about staking providers, and we recommend that all staking providers become certified and demonstrate to the market that they are a dependable and trustworthy partner.