KEY ($0.00) TAKEAWAYS
- Copper integrates Lido protocol, enabling institutional clients to stake Ethereum with ease.
- Clients can earn staking rewards using Lido’s stETH within Copper’s secure custody environment.
- Copper’s ClearLoop platform now supports stETH, enhancing collateral management across exchanges like OKX and Bybit.
- This collaboration simplifies blockchain validation for institutions, aligning with Lido’s mission to democratize staking.
Copper, a leading provider of institutional cryptoasset infrastructure, has integrated the Lido protocol into its platform. This integration allows Copper’s institutional clients to stake Ethereum (ETH ($2,595.02)) using Lido’s liquid staking middleware, as announced here.
The integration enables Copper’s clients to participate in Ethereum staking without facing operational complexities or minimum staking requirements. By utilizing Lido’s liquid staking token, stETH, clients can now receive staking rewards within Copper’s institutional-grade custody environment.
Copper’s ClearLoop platform, which facilitates collateral management across multiple exchanges, will now support the use of stETH. This development allows clients to incorporate staking rewards into their diverse use cases and utilize stETH on ClearLoop-supported exchanges, including OKX, Bybit, and Deribit.
Lido Institutional, a group of contributors advocating for Lido’s open-source staking middleware, aims to democratize staking by allowing users to connect with node operators and stake digital assets without maintaining hardware. This collaboration with Copper aligns with their mission to simplify blockchain network validation for institutional users.
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