Switzerland-based cryptocurrency platform Bitcoin Suisse has announced that it joined Liquid Collective to provide ETH liquid staking.
Clients of Bitcoin Suisse are now able to stake ETH via Liquid Collective. They will receive coverage for slashing as well. Slashing happens when validators that perform bad actions are stripped of their ETH tokens.
According to the chief growth officer of Alluvial, enterprises and institutions will observe what Bitcoin Suisse and other early movers are doing carefully as investors are planning the best moves to invest their Ethereum. She continued to say that the crypto market has a real need for Liquid Collective and other enterprise-grade products that allow easy access to liquid staking and offer slashing coverage for those who partake.
The Liquid Collective consists of independent cryptocurrency teams such as Alluvial, Kraken, and Coingase Cloud. Liquid Collective is decentralized, the protocol seeking to design Ethereum liquidity staking standards. Once it joins Liquid, Bitcoin Suisse will be able to use the group’s services for liquid staking. By doing this, Bitcoin Suisse users can receive LsETH tokens for the ETH they stake.
Users leverage liquid staking for obtaining usable and liquid tokens after they stake Ether tokens. In other words, users can earn yield and keep using ETH for their actions, including trades and transactions.
