Coinbase Logo

Coinbase Cloud and Kiln unlock native ETH staking without minimum stake requirements on Coinbase Wallet

TL;DR: Currently 99% of ETH wallets hold less than 32 ETH, the minimum required to stake. Together with Kiln, Coinbase is launching a partial ETH staking solution which allows wallet providers to offer their users the ability to stake any amount of ETH natively. Coinbase Wallet will soon be enabling this solution to all users.

By Coinbase Cloud

Product

, September 11, 2023

Kiln.png

We’re excited to announce that Coinbase Cloud has integrated Kiln's On-Chain Staking platform to offer Partial ETH Staking leveraging Coinbase Cloud validators. Historically, native ETH staking has often been out of reach for many individuals due to the 32 ETH minimum stake requirement, and currently over 99% of ETH wallets hold less than this amount. This integration represents a big step forward in making staking more accessible to all wallet users and is pivotal to ensuring more individuals can participate in securing networks while earning rewards. 

Starting today, Coinbase Cloud clients and other self-custodial wallet providers can use our APIs to unlock native staking for their users to stake any amount of ETH. As the staked ratio of ETH continues to rise post-Shapella upgrade, this enables wallet providers to meet the demands of users looking for more flexible staking options.

In the coming weeks, Coinbase Wallet will be the first wallet to leverage Coinbase Cloud’s Partial ETH Staking solution to allow users to stake ETH natively without minimum requirements. Through this integration, any Coinbase Wallet user will be able to easily stake and earn rewards on their ETH.  

“We are thrilled to have worked with Coinbase Cloud and to welcome them as the first (non-Kiln) node operator leveraging the Kiln On-Chain Staking Platform. This integration with Coinbase Cloud is unique because it allows them to enable other wallets and services, including DEXes, with the same limitless ETH staking solution that will be offered by Coinbase Wallet. We are dedicated to democratizing staking access for all Ethereum users." - Laszlo Szabo, CEO and Co-founder at Kiln.

Partial ETH Staking is built on top of our existing Coinbase Cloud staking infrastructure and offered alongside our existing staking products, such as Delegate, which allows you to easily stake to our public validators. Our multi-cloud, multi-region, and multi-client infrastructure ensures reliability and enterprise grade security - all alongside the most trusted brand in crypto.

Our staking solution integrated with Kiln offers:

  • An easy way to stake ETH natively: Coinbase Cloud’s Partial ETH Staking solution offers a simplified way to stake ETH natively on trusted, enterprise-grade validators. The solution empowers end users to stake ETH directly from their self-custody wallets, without the need to meet minimum stake requirements. 

  • Transparent (onchain) staking: When staking through Coinbase Cloud’s Partial ETH Staking solution, all staking operations - from validator management to deposits and rewards distribution - are carried out onchain via audited smart contracts, ensuring that all actions are transparent, auditable, and reliable.

  • Deep liquidity: Shared liquidity enables quick ETH deposits and withdrawals, diversifies risk, and creates a smooth experience for users looking to stake or unstake their ETH.

We're eager to offer this product as a result of our work with Kiln, and together we are making it easier for individuals to participate in staking while broadening the options available to staking providers. Click here to chat with us about how our Partial ETH Staking solution can empower your users with accessible, secure, and transparent staking options.

Coinbase logo

Take control of your money. Start your portfolio today and get crypto.

Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.