Liminal, a leading wallet infrastructure, and custody solutions platform, has partnered with Figment, the prominent provider of staking infrastructure to help users earn protocol staking rewards while keeping their assets secure in a Liminal wallet.
The move marks Liminal’s entrance into the staking world, and support for Cosmos and Solana will go live first, followed by Ethereum, Cardano, and Polkadot soon after. Clients can delegate their tokens and receive rewards easily and securely, with a high level of efficiency.
Protocol staking is a process where token holders stake their tokens to help decentralize, secure, and maintain blockchain networks’ health. In return, users receive staking rewards directly from the network. As a reward for participating in the network, stakers receive a steady stream of rewards independent of underlying token prices.
Commenting on the partnership, Rahil Shaikh, Director of Blockchain Engineering at Liminal, mentioned that the integration is an important step towards providing Liminal users with a secure, efficient, and user-friendly way to earn rewards while maintaining the highest levels of security.
The collaboration between Liminal and Figment highlights the increasing demand for staking solutions, and the partnership’s security and compliance focus will ensure a seamless experience for users.
With Liminal’s entrance into the staking world, users can expect more developments that make earning rewards and securing assets even more accessible.
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