Figment will run Ethereum and Solana validator nodes for BNY’s custody platform.
Solana staking will be added after Ethereum. The launch date, fees, and reward split have not been disclosed. BNY already has a staking partnership with Galaxy, but how the two firms will divide responsibilities has not been explained.
· The only confirmed details are the partners and the order in which the two chains will be added; the timeline and commercial terms remain unclear.
· Two validator service providers will coexist on the same custody platform, but their respective roles have not been disclosed, making it difficult for now to assess their contributions at scale.
Which disclosure would you look at first: BNY’s existing partnership with Galaxy or the new arrangement with Figment?
$ETH $SOL
Solana staking will be added after Ethereum. The launch date, fees, and reward split have not been disclosed. BNY already has a staking partnership with Galaxy, but how the two firms will divide responsibilities has not been explained.
· The only confirmed details are the partners and the order in which the two chains will be added; the timeline and commercial terms remain unclear.
· Two validator service providers will coexist on the same custody platform, but their respective roles have not been disclosed, making it difficult for now to assess their contributions at scale.
Which disclosure would you look at first: BNY’s existing partnership with Galaxy or the new arrangement with Figment?
$ETH $SOL
