Bison Trails and Volt Capital bring ‘secure staking’ to Celo network
“Bison Trails is committed to the growth of the crypto ecosystem and innovative networks like Celo,” said Joe Lallouz, CEO of Bison Trails.
Blockchain infrastructure company Bison Trails has partnered with Volt Capital to allow users of the Celo Network to stake their tokens securely through their mobile devices.
The collaboration sees Bison Trails running a Celo validator node for Volt Capital, thereby allowing Volt Capital’s community to stake the CELO cryptocurrency, earn rewards and help grow the network. Bison Trails’ node infrastructure allows delegators to more easily stake cryptocurrencies.
Volt Capital is an early-stage venture capital firm that has set aside $10 million to invest in various cryptocurrency projects focused on the end-user experience. Through its TD Labs subsidiary, Volt Capital has been participating in the Celo Network and running a validator on the platforms since the testnet phase. Celo Network officially graduated to mainnet on May 18.
“We’re thrilled to be working with Bison Trails to offer our community the ability to stake Celo. Bison Trails’ robust infrastructure meets our high benchmark for security, reliability, and uptime, and the team brings invaluable protocol expertise and insights,” said Mohamed Fouda, partner at Volt Capital, adding:
“The Celo community has been steadily growing, and we have been actively working with projects that are developing simple tools to enable better financial engagement with Celo to deliver the long-term vision of the project.”
Prior to the latest crypto market correction, excitement surrounding the Celo Network was on the rise leading into its Donut hard fork. The fork, which took place May 19, promises better gas efficiency, improved interoperability and the ability to connect with several Ethereum tools.
In terms of market performance, Celo is ranked within the top 100 cryptocurrency projects with a total network value of around $724 million.
Bison Trails has provided key infrastructure support for several major cryptocurrencies companies, including Crypto.com and Cosmos. In February 2021, the company launched Global Blockchain Synch, which allows customers to more easily deploy node operations. Polkadot, Kusama, Ethereum, Cosmos and EOS are just some of the main protocols that utilize the service.
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Author: Sam Bourgi