Giddy Smart Wallet Introduces Partial ETH Staking Powered by Coinbase CloudExternal - Press Release
By: Chainwire • Loading...External PR
Draper, Utah, February 8th, 2024, Chainwire
Giddy, the self-custody smart wallet that connects crypto holders to DeFi earning opportunities, is integrating Coinbase Cloud's Partial ETH Staking product so users can stake any amount of ETH to validate the Ethereum network and earn rewards from their native Ethereum holdings.
Traditional Ethereum staking, which contributes to the network's security and operation, requires a significant commitment of 32 ETH - as much as $75,000 in today’s prices. Giddy’s implementation of Partial ETH Staking powered by Coinbase Cloud reduces the barrier to entry for users so they can stake any denomination of ETH while still earning rewards from validating the network, thereby opening up staking to a wider audience.
Eric Parker, CEO of Giddy, commented on the integration: "Our users love Ethereum, so adding Partial ETH Staking was a natural fit. It's a meaningful step forward in making the crypto world more accessible and user-friendly for everyone. Our users now have the opportunity to support the operation and security of the Ethereum network with more flexibility, less risk, and more support from the Giddy team."
Josh Leavitt, Director of Product Management at Coinbase Cloud shared, "Our work with Giddy reflects our shared goal of enhancing user experience throughout the crypto space. Giddy's implementation of our Partial ETH Staking product is a notable development for users who want to participate in ETH staking, but previously found it inaccessible due to the 32 ETH requirement."
This integration means that Giddy users can now easily participate in ETH staking, an important process for the Ethereum blockchain, directly from their phones. It simplifies staking and offers a convenient path for users to earn staking rewards.
This new feature is significant for both Giddy and Coinbase Cloud, as it represents a collaborative effort to improve user experience in the cryptocurrency domain. By making staking more accessible to a wider audience, Giddy and Coinbase Cloud are contributing to a more decentralized yet inclusive, user-centric crypto ecosystem.
Giddy is on a mission to make decentralized finance accessible to all. With Giddy you can buy, trade, send, earn, and shop with crypto - all from one safe and easy-to-use mobile app.
Founded in 2021 by entrepreneurs Eric and Ethan Parker, Giddy’s self-custody yet recoverable smart wallet means you’re always in control of your money.
Learn more: https://giddy.co/
About Coinbase Cloud
Coinbase Cloud provides performant, secure, enterprise-grade staking infrastructure for 15+ networks for developers building solutions for exchanges, fintechs, custodians, dapps, self-custody wallets, and more. In addition to our Partial ETH Staking solution, we offer public community validators for staking.
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