We are excited to announce that institutional clients can now earn yield on supported assets held in cold storage custody through a new direct staking feature. A key highlight of this integration is the partnership between Ceffu and Injective, enabling Ceffu’s clients to stake $INJ tokens directly from their Qualified Wallets. $INJ is the first token to support staking on Ceffu, with more tokens to be added in the future.
This collaboration marks a significant milestone for the ecosystem, granting Injective blockchain access to a new institutional audience. Decentralized applications (DApps) on Injective can now seamlessly support new tokens issued by Ceffu on the network, attracting more institutional participants in the process.
How the New Staking Mechanism Works
The staking mechanism allows institutions to delegate assets directly to node validators participating in the Proof-of-Stake (PoS) consensus on the Injective blockchain. This feature provides all validators with a secure, direct channel through Ceffu, while clients benefit from the security of Binance’s cold storage solutions when staking their tokens.
Institutions retain full flexibility and autonomy to adjust their validator strategies based on performance to maximize returns. If a chosen validator underperforms, clients can quickly switch to a higher-performing validator.
Benefits for Institutional Clients
- Security and Isolation: Ceffu’s independent account and wallet system ensures that assets stored in cold wallets are never commingled with other clients’ funds.
- Earn Passive Income: Clients can now put their idle cold storage assets to work by staking and earning rewards.
- Strategy Flexibility: Clients may choose one or both of the available staking strategies to optimize their earnings.
👉 Explore advanced staking strategies
Getting Started with $INJ Staking
If your institution currently holds $INJ tokens and wishes to generate yield from cold storage funds, you can get started today. Alternatively, use Ceffu’s secure Cold Convert product to convert any supported token directly from your Qualified Wallet into $INJ.
Ceffu is a licensed, compliant institutional custody infrastructure provider offering comprehensive custody services tailored to the security and operational challenges faced by institutions in the digital asset economy. Using Multi-Party Computation (MPC) technology combined with customizable multi-approval schemes, Ceffu delivers tailored solutions that allow institutional clients to securely store and manage digital assets. Through Ceffu’s connection to the Binance ecosystem, clients also gain secure access to a wide range of liquidity products.
Frequently Asked Questions
What is staking?
Staking involves participating in a proof-of-stake blockchain network by locking tokens to support network operations, such as validation and security. In return, stakers receive rewards.
Which tokens are supported for staking on Ceffu?
Currently, $INJ is the only supported token for staking through Ceffu. However, the platform plans to add more tokens in the future.
How are rewards distributed?
Rewards are generated based on the performance of the chosen validator and are distributed directly to the staker’s Qualified Wallet.
Can I change my validator?
Yes, institutions can freely switch validators at any time to optimize for performance and reliability.
Is staking available for non-institutional users?
This staking feature is currently designed for institutional clients using Ceffu’s custody services.
What is a Qualified Wallet?
A Qualified Wallet refers to a cold wallet address that meets Ceffu’s security and compliance standards for institutional asset management.
About Injective
Injective is a fast and interoperable layer-one blockchain that enables cross-chain functionality between Cosmos and Ethereum, ideal for building powerful financial applications. It offers developers robust modular tools to create decentralized exchanges, DeFi platforms, derivatives markets, and Web3 applications. $INJ is the deflationary native asset that powers the Injective protocol and its rapidly growing ecosystem. Injective was incubated by Binance and is backed by prominent investors, including Jump Crypto, Pantera, and Mark Cuban.