Crypto Exchange Kraken Backs Enterprise-Grade Liquid Staking Protocol – The new enterprise-grade multi-chain liquid staking protocol known as the “Liquid Collective” was introduced by the liquid staking company Alluvial in a blog post. Along with a Liquid Foundation, the Liquid Collective features members like Kraken, Coinbase Cloud, Staked, Kiln, Figment, and Alluvial. According to Alluvial’s statement on Tuesday, “The Liquid Collective will be governed in a decentralized manner by a large and dispersed group of industry participants.”
A significant trend in the field of decentralized finance has been liquid staking. The wrapped ethereum token that Lido offers is known as lido staked ether, and Lido Finance is currently the largest provider of liquid staking. Coinbase announced the release of CBETH, a liquid staking token, towards the end of August. The enterprise-grade token from The Liquid Collective will be known as LSETH, and KYC/AML will be standardized within the protocol.
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“Liquid Collective, a multi-chain liquid staking standard, seeks to address the need for the highest guarantees of security and KYC/AML checks for institutions, Web3 native enterprises, and other regulated entities to meet regulatory obligations and best practices while unlocking new liquidity and increased capital efficiency on leading proof of stake blockchains,” Alluvial’s blog post details.
Mark Forscher, CMO of Alluvial, predicts that the Liquid Collective brand and protocol will have an impact. “A circle of liquid droplets repeated in a group serves as the brand mark for Liquid Collective. The resulting shape, a graphic representation of one from many, is harmonious and balanced with a star formed in the center, signifying the founding of Liquid Collective and our intended impact. The sum is greater than its parts,” Forscher remarked on Tuesday.
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