Staked

Staking Pool Questionnaire Answers

Staked was provided an initial questionnaire by the EDDC to provide further insights into how Staked works and to evaluate their safety as a Staking Pool Service. Please see below for the EDDC questions and Staked answers.

What country is your business based out of?

USA

Are you confident that you are adhering to all of the necessary regulations for the jurisdiction you are in?

Yes.

How much control do you have over users’ funds? – Do you hold 0, 1, or 2 keys?

We control the validator key. Users hold the withdrawal key

Do you have any insurance in case funds are lost?

No.

What is your company’s history in the cryptocurrency space?

Three years staking across 40 different chains

Who are your team members, and what are their academic and professional backgrounds?

Tim Ogilvie, Seth Riney, Jonathan Marcus. Team with extensive entrepreneurial experience, large scale cloud dev-ops, and crypto.

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…

We run a highly available Kubernetes cluster across five cloud providers: AWS, Google Cloud, Digital Ocean, IBM Cloud and Azure. We currently run Prism, but will add Lighthouse and Teku support once they support remote signing. We have automated backups and redundancy across these clusters, running multiple nodes in each environment and using custom software to ensure only one client can sign across the entire cluster. We sign blocks using a distributed key to ensure that the keys are never fully constituted in any one environment.

Who is invested in your business, is there venture capital, is there a token? If there is a token, what is it used for?

Pantera Capital, DCG, Coinbase Ventures, Parafi Capital, et al. No token.

How much are you charging for your staking services?

$5/month or $60 until transfers are enabled. Payable in fiat or crypto.

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