P2P.org unveils new institutional facility offering Staking-as-a-Business service
P2P.org, a multi-chain staker and validator, has introduced its Staking-as-a-Business service for institutional players. The company’s total value locked (TVL) has surpassed $7.4 billion, with over one million staked Ether (ETH). P2P.org now offers Staking-as-a-Business (SaaB) to support the growth of businesses such as custodians, crypto exchanges, and wallet providers.
Artemiy Parshakov, Head of Product at P2P.org, stated that the comprehensive support provided by their full-stack staking suite instills confidence in businesses venturing into expanded defi services.
This offering comes a year after P2P.org raised $23 million in funding from venture capitalists, including Jump Crypto. Since then, the company’s TVL has grown by 395% from $1.4 billion in the first quarter of last year.
P2P.org provides SaaB services on Ethereum and 35 other decentralized networks, such as Kusama and Solana, as participants seek to diversify their strategies and extract value from the crypto ecosystem.
Staking involves locking up digital assets to earn yield or passive income without selling the crypto tokens. It is a feature of proof-of-stake (PoS) blockchains, such as Ethereum, that provides additional utility to crypto investors. The practice has gained popularity since Ethereum’s PoS upgrade in 2022. According to Coinbase, the staking market cap for Ethereum is over $110 billion, with users staking over 26% of the token’s available supply.
While reward ratios may vary across platforms, users can earn up to 3.76% APR by leveraging major providers. Participants can also increase their income and flexibility by utilizing services like Lido Finance or liquid restaking protocols such as Ether.fi.
