Coinbase Custody users can now stake Solana

Blockchain infrastructure provider Bison Trails has expanded its integration with Coinbase Custody to allow the staking of Solana tokens.

In an Aug. 27 announcement, Bison Trails stated that Coinbase Custody users would be allowed to delegate Solana (SOL) tokens to Bison Trails’ enterprise-grade validators. 

Bison Trails has offered support for Solana — a layer-one blockchain solution that aims to provide high scaling without sharding — since March, allowing token holders to run their own validators or delegate to the Bison Trails validator. In April, the infrastructure platform first collaborated with Coinbase Custody to enable Polkadot (DOT) staking to Bison Trails’ public validators.

According to Bison Trails, the integration will allow its users to stake SOL with “safe, offline storage” of their tokens. 

“Delegating SOL now, during Solana’s ‘warm up period,’ gives the stake more time to become active before inflation is enabled on the Solana network and participants can start earning rewards,” the announcement stated.

The infrastructure-as-a-service company has been adding support for services since it raised more than $25 million in a funding round ending last November. The firm currently offers blockchain infrastructure solutions for the Celo protocol, NEAR —  a platform which is designed to power open finance and the open web —  and Ethereum 2.0, the upgrade that will move the network from its proof-of-work consensus mechanism to proof-of-stake.

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