- Bison has announced a guaranteed Ethereum staking product in partnership with Munich Re and Staking Facility.
- Users can stake as low as 0.005 ETH and receive weekly rewards.
Bison, Böerse Stuttgart Group’s cryptocurrency trading and exchange-traded fund (ETF) platform, has unveiled a new staking service offering insurance staking via Ethereum.
According to an October 8 update, the product is part of a partnership between Bison and Germany-based Munich Re and Stake Facility. Munich Re is a global reinsurance company and Staking Facility is a Web3 infrastructure provider offering non-custodial staking.
Stake from 0.005 ETH
Bison offers 27 tradable assets on its platform, including Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA). The platform also provides access to over 2,500 stocks and exchange-traded products (ETPs).
The new feature allows Bison users to stake Ether starting as low as 0.005 ETH, allowing more holders to support the network and earn staking rewards.
In addition to this, Bison now supports guaranteed ETH staking with a gradual rollout that includes significant protection and weekly payouts. In terms of slashing, insurance means that stakers are protected against validator losses resulting from inappropriate behavior.
Exciting news 🚀 Staking made in Germany – now our bare metal infrastructure @bisonapp $ETH Staking Features 🙌
apply #Ethereum Network and earn money #staking Reward for doing so:
🔵 Minimum staking of 0.005 ETH
🔵 Get weekly rewards
🔵 Significant risk coverage… https://t.co/kvlmIMFxPC— Staking Facility (@StakeFac) October 8, 2024
Bison also benefits from compliance services with all holdings managed by Böerse Stuttgart Digital Custody. The regulated platform has a license from the Federal Financial Supervisory Authority (BaFin).
Earlier this month, Böerse Stuttgart successfully completed a tokenized securities settlement pilot involving major banks as part of the European Central Bank’s DLT testing.
Last September, the company’s cryptocurrency subsidiary, Börse Stuttgart Digital, announced a partnership with DZ Bank to provide users with cryptocurrency trading and custody.