Staking Pool Questionnaire Answers
Bitcoin Suisse was provided an initial questionnaire by the EDDC to provide further insights into how Bitcoin Suisse works and to evaluate their safety as a Staking Pool Service. Please see below for the EDDC questions and Bitcoin Suisse answers.
What country is your business based out of?
Are you confident that you are adhering to all of the necessary regulations for the jurisdiction you are in?
How much control do you have over users’ funds? – Do you hold 0, 1, or 2 keys?
Do you have any insurance in case funds are lost?
What is your company’s history in the cryptocurrency space?
Been in the space since 2013, many good relations to early founders of Ethereum and to the Ethereum Foundation as well. Based out of Zug.
Who are your team members, and what are their academic and professional backgrounds?
Myself Mikael Bondum and my colleague Svante Jørgensen are the business and product owners of Ethereum 2 staking within Bitcoin Suisse. We both have a solid academic background in computer science and economics, and we both have several years of experience within the crypto industry.
If you are using smart contracts, have they been audited, by whom?
We have an open source batching contract. It has not been audited.
Describe your staking setup. – Do you have your own servers, if no, which hosting provider are you using? Which client(s) are you using? How many nodes are you using? Do you have some sort of redundancy built-in? etc…
Own servers. Teku and Prysm. Can’t go too much into the details of our setup.
Who is invested in your business, is there venture capital, is there a token? If there is a token, what is it used for?
Our business is based on merits and profits and is still controlled by the original founders. Growth through own funds and bootstrapping. First Series A which raised $50M completed this summer.
How much are you charging for your staking services?
15% of the rewards, which includes everything related to eth2 staking.