CoinList Staking Fund: Supported Assets
The CoinList Staking Fund allows U.S.-based accredited investors and family offices to generate passive rewards on their digital assets with operational expertise, diversification, and tax benefits. By focusing on five distinct assets, each with unique and compelling features, we provide investors with a pathway to earn yield through investment in a private exempt fund whose strategy is to stake digital assets.
Below are details on the five assets we currently support — ETH, SOL, NEAR, SUI, and MINA — including their APY and recent growth metrics.
Note: We are able to add staking support for PoS assets upon request.
Ethereum (ETH) — 3.76% APY
About: Ethereum was launched in 2015 by Vitalik Buterin and is the second largest cryptocurrency by market cap. It was the first blockchain to introduce smart contract functionality, and attracts developers due to its ability to support a wide range of decentralized applications.
Recent Growth Metrics:
- 3K active developers
- 1.2M transactions per day
- 500K daily active addresses
- 9.7 million new addresses created
- 4.8 million NFTs minted
Sources: https://etherscan.io/chart/tx; https://www.tronweekly.com/ethereums-q1-2024-growth-financial-and-network/
Solana (SOL) — 6.97% APY
About: Solana was founded in 2017 by Anatoly Yakovenko and launched on CoinList in 2020, quickly gaining attention for its high throughput and low transaction costs. Solana’s proof-of-history consensus, which increases transaction speeds and network efficiency, makes the network ideal for high-frequency trading (HFT) and DeFi.
Recent Growth Metrics:
- 3.3K active developers
- 40.7M average daily user transactions
- 450K daily unique fee payers
- 10x developer growth (2022 - 2023)
- Top non-EVM chain for new developers
Source: https://solana.com/2024outlook
Near (NEAR) — 6.96% APY
About: Near Protocol was founded in 2018 by Alex Skidanov and Illia Polosukhin, and launched on CoinList in 2020. Near employs novel sharding technology called Nightshade, which allows for increased transaction throughput. Additionally, Near supports developer and user experiences with unique features including human-readable account names and fee-less transactions for end users.
Recent Growth Metrics:
- 16,000 active accounts on near.org
- 1K people verified for on-chain voting
- 5.7M tokens allocated to support ecosystem development
Source: https://near.org/blog/tag/transparency-report
Sui (SUI) — 3.35% APY
About: Sui was developed by Mysten Labs in 2022 with the goal of addressing inefficiencies and high costs of existing blockchain networks. Sui employs a unique consensus algorithm called Narwhal and Tusk, which decouples transaction submission and ordering from consensus.
Recent Growth Metrics:
- 1.4K active developers
- More than half of active developers are dedicated single-chain developers
- 5M code commits to date
- 450K daily active addresses
- 3.8M daily transaction blocks
Source: https://blog.sui.io/sui-developers-electric-capital-report-july-2024/
Mina (MINA) — 13.84% APY
About: Mina Protocol was created by O(1) Labs with the goal of becoming the world’s lightest blockchain, and launched on CoinList in 2021. Mina uses advanced cryptography to ensure that its entire network remains around 22KB, enabling quick and efficient verification. Its overall efficiency is achieved through zero-knowledge proofs (ZKPs), facilitating decentralized applications (dApps) with high security and minimal computational overhead.
Recent Growth Metrics:
- 230K unique accounts
- 1.4M transactions processed to date
- 862M staked MINA tokens
- 94 active zkApps on the network
- 12K participants in various community programs and events
Source: https://www.minafoundation.com/reports/q2-2024-transparency-report
If you already hold these assets and aren’t staking them yourself, we have a solution for you.
Legal Notice
This blog post is being distributed by Amalgamated Token Services Inc., dba “CoinList,” or one of its subsidiaries. This blog post and use of the CoinList website is subject to certain disclosures, restrictions and risks, available here.
Nothing herein should be construed as investment, legal or technical advice; consult your own advisors. CoinList and its employees, officers, directors, and affiliates may have interests in assets and/or projects featured in this blog post.