MANTRA Awarded ‘Staking Rewards Verified Provider’ Badge
We’re proud to announce that we’ve become a verified provider at Staking Rewards, the leading centralized information hub and data aggregator for the crypto staking industry.
Being a verified provider means that we have met the high requirements of risk management, longevity, security measures, and other features as a staking provider. The status of a verified provider highlights the strongest and most reliable players to potential delegators. At the time of writing, there are only 33 verified staking providers out of over 300.
This verification provides stakers additional benefits, including:
- Increased level of comfort and trust in their own due diligence process
- Possibility of improved decentralization (choosing trusted smaller providers)
- Convenience (“set and forget with confidence”)
- A new benchmarking tool (streamlining info for due diligence)
- Sustainable and reliable rewards delegation (lowered risk)
- Decreasing the risk of lack of expertise
About the Staking Rewards Verified Provider Program
The Verified Provider Program is an initiative to increase trust and transparency in the staking industry by verifying that providers meet a set of criteria, including but not limited to risk management, longevity, and security measures.
Staking is a way to earn interest on crypto assets. Investors can pledge their crypto assets with a staking provider and earn rewards without having to directly participate in the validation process.
The challenge of choosing a staking provider is twofold:
- It is difficult to determine which providers will be trustworthy in the future.
- In most cases, it's not transparent to users whether a given staking provider follows industry best practices or even if providers are legitimate.
The Staking Rewards Verified Provider Program helps investors make confident decisions about Staking Providers by performing in-depth due diligence on Staking Providers. Providers who pass the requirements of the program will be considered sufficiently trustworthy by Staking Rewards to provide reliable, secure services.
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice. The views expressed are those of the author and the comments, opinions and analyses are rendered as of the publication date and may change without notice. There is no guarantee that any forecasts or predictions made will come to pass. The information provided in this material is not intended as a complete analysis of all material facts or circumstances regarding any country, region or market. All investments involve risks, including possible loss of principal.
Risk management does not imply elimination of risks, and not all investments are suitable for all investors. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by MANTRA to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. Data from third party sources has not independently verified, validated or audited. MANTRA accepts no liability whatsoever for any loss arising from use of this information; reliance upon the comments, opinions and analyses in the material is at the sole discretion of the user.
Any products, services and information in this material may not be available in all jurisdictions and are offered local laws and regulation permit. Please consult your own financial professional or legal advisor for further information on availability of products and services in your jurisdiction. Please also see the disclaimer which is found at the bottom of this website under the heading “Important Disclosures”.
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