Unido – an Australian Polkadot-powered crypto custody service and enterprise platform has joined forces with Moonstake, whose goal is to become the largest staking platform in Asia.
Staking and Hedge Funds
Unido will gain access to the staking vaults owned by Moonstake, which will allow their clients to gain extra yields through their DeFi vaults. At the moment, Moonstake supports staking for cryptocurrencies such as Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras and Centrality.
In return, Moonstake clients will have access to a wider range of custody solutions, brought to them by Unido’s network.
Unido’s leadership comes from a strong corporate background – with leading members having a history in Macquarie Bank, Wipro and Goldman Sachs.
Michael Swan – the CCO of Unido – commented on the partnership, stating that the move will be mutually beneficial.
“Unido is committed to delivering a diverse marketplace of DeFi options within the Unido EP dashboard. I’m very excited to include Moonstake staking pools in our dashboard, given their strong market position and compelling yield performance to date. We look forward to providing enterprise-grade custody solutions to encourage further enterprise and hedge fund delegations to Moonstake’s platform.”
In return, Lawrence Lin – the CEO of Moonstake – thanked Unido for the trust shown by the adoption of Moonstake’s SDK API connection, and went on to say that this is only the beginning of a long and fruitful partnership.
“Moonstake appreciates the trust Unido has in our staking solution to utilize our SDK API connection, and we look forward to collaborating further with them to spread awareness and accelerate the adoption of blockchain and distributed ledger technologies globally.”
Doubts have been cast over the ability of DeFi to truly replace traditional banking solutions – but hopefully, Unido will be one of the companies to dispel those doubts.
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