Staking services

Crypto services > Treasury Management > Staking services

Overview

Flowdesk offers staking as a service to its clients, allowing them to earn rewards by participating in the operation of a validator on a blockchain network. By adding staking to its treasury management product, Flowdesk can generate additional revenue streams for its clients. We provide a secure and accessible solution for staking Ethereum (ETH) with a minimum stake of 32 ETH. We partner with trusted node operators who handle the technical aspects of running a validator on behalf of our clients. This allows clients to earn rewards from staking without the need to manage the technical complexity of running a node themselves. Clients maintain custody of their withdrawal keys, but the node operator is responsible for the operation of the validator.

Flowdesk uses both direct and white-labeled products to meet its staking needs. We integrate a white-label staking solution for clients with automated rewards reporting. This allows our clients to benefit from crypto native yield while maintaining full control of their assets in the custody solution of their choice.

Flowdesk charges no fees for this service.

Key features

• Simplicity: Staking with Flowdesk is easy and hassle-free. Clients can simply deposit funds in custody with Flowdesk and send their staking instructions. Our partner will handle the operation of the client’s validator, ensuring high security. Clients maintain control over their funds and keys while removing the technical complexity of running a node.

• High Rewards: Flowdesk offers its customers staking rewards through Kiln’s staking services, with no Flowdesk fees. Client ETH will start earning rewards as soon as their validator is active, with a portion of the rewards being liquid and immediately retrievable and the other portion being locked until withdrawals are enabled on the Ethereum network, expected after the Shanghai update in 2023.

• Maintain control: Client staking rewards will be directly deposited in their wallet under custody with Flowdesk, or they can choose to receive their rewards on a different wallet. Gas fees will be charged on top of the 32 ETH minimum stake.

Process

To begin staking, clients simply place their funds in custody with Flowdesk and provide their staking instructions. Their ETH will then be used to run a validator handled by a Kiln node operator. The minimum stake required is 32 ETH.

The process of staking with Flowdesk is very low in complexity, as Flowdesk handles the connection to the node operator and uses client funds under custody. Clients have high control over their funds and keys, as Flowdesk uses leading third-party technology providers to safeguard them. Participation in decentralization is also high, as clients are actively participating in the operation of the validator.

Staking rewards start to accrue as soon as the validator is active. Some of the rewards are liquid and immediately retrievable (execution-layer rewards, which make up about half the yield), while the rest are locked until withdrawals are enabled on the Ethereum network. Customers will receive their staking rewards directly in their wallet under custody with Flowdesk, or they can choose to receive them on a different wallet. Gas fees will be charged on top of the 32 ETH required for staking, as the Ethereum network charges fees for the processing of transactions.

Table of key benefits

Benefits	Details
Simplicity	Flowdesk removes the technical complexity of running a validator by connecting clients to a trusted node operator who will handle the operation.
Security	Client ETH will be under the custody of Flowdesk and safeguarded by leading third party technology providers. Clients maintain control over their funds and withdrawal keys.
High rewards	Flowdesk offers staking rewards with a high reward rate.*
High participation to decentralization	By staking with Flowdesk, clients are actively participating in maintaining the decentralization of the Ethereum network.
Flexible withdrawals	Withdrawals are open after the ETH Shanghai update planned in 2023.
Direct rewards	Clients will receive staking rewards directly in their wallet under custody with Flowdesk or on a different wallet of their choice.
No Flowdesk fee	Flowdesk does not charge a fee for their staking services.

*The annualized reward rate % can adjust over time. For the latest numbers click here.