Institutional Investors Flock to Non-Custodial Solutions as Confidence Grows in Crypto Market

The cryptocurrency industry was hit hard by numerous black swan events in 2022, including the fall of LUNA, the insolvency of 3AC, and the recent troubles faced by Celsius, FTX, and BlockFi. These events have not only resulted in significant losses in value but have also shaken the confidence of retail and institutional investors. In light of these challenges, decentralized finance (DeFi) services are gaining momentum as investors and blockchain companies seek secure and self-custodial solutions.

Fahrenheit (which consists of a group of crypto firms), who recently took control of the bankrupt crypto lender Celsius Network LLC has chosen non-custodial ETH staking as a way to generate additional earnings in a way to pay back users who lost funds during the firm’s bankruptcy last year. Celsius Network has significantly changed its ETH staking strategy, leading to a surge in the queue to activate new validators on the Ethereum network. Within a few days, the network queue jumped by six days due to Celsius Network’s withdrawal of approximately $813 million worth of staked ETH from Lido Finance, redirecting it to their staking contracts. Notably, Celsius Network has deposited an impressive $745 million worth of ETH since the beginning of June. These actions have sparked discussions within the crypto community, highlighting the growing popularity of Ethereum staking.

Recognizing the growing demand for enhanced security and control, P2P.org, an established infrastructure provider on Ethereum and other blockchains, has introduced its ground breaking permissionless Ethereum staking dApp. This innovative platform arrives at a crucial time following the recent Shapella upgrade on the Ethereum network, and it represents the first of its kind in the industry.

P2P.org’s permissionless Ethereum staking dApp allows users to stake their Ethereum holdings directly from the platform’s website. P2P.org aims to provide an unparalleled user experience for investors of all technical backgrounds by eliminating the need for email registration and simplifying the staking process. Users can stake their Ethereum and retain complete control over their investments with just a few clicks.

Alex Esin, the Chief Executive Officer of P2P.org, emphasizes the platform’s commitment to empowering users. Esin states, “Our permissionless dApp empowers users to maintain control over their stake. This is a game-changer in the industry.” P2P.org also prioritizes security and ownership, offering voluntary exit messages to protect users’ stakes in the event of unforeseen circumstances, such as the company ceasing operations.

The recent Shapella upgrade on the Ethereum network has highlighted the demand of robust and decentralized financial services, especially with the opportunity to earn rewards through the new Proof of Stake (PoS) mechanism. P2P.org’s permissionless Ethereum staking dApp addresses these needs, providing investors with a seamless and secure staking experience. With easy staking and a one-click withdrawal feature, P2P.org simplifies the management of digital assets, offering peace of mind to users concerned about fund safety.

P2P.org’s advanced dashboard provides comprehensive insights into users’ staking activities, allowing for effortless monitoring and management of digital assets. With a strong focus on privacy and security, P2P.org ensures complete anonymity and control for institutional investors, solidifying its position as a leading DeFi service provider.

Given the series of black swan events that have exposed the vulnerabilities of centralized exchanges and custodial services, DeFi platforms like P2P.org are gaining popularity for their self-custodial solutions and commitment to user autonomy. Investors prioritizing full ownership and control over their digital assets resonate strongly with the “not your keys, not your crypto” mantra.

As the crypto industry continues to evolve, companies like P2P.org (who have facilitated over $1.6 billion USD worth of non-custodial staking opportunities) continue to innovate and deliver the best new solutions to protect users both retail and institutional from black swan events seen in 2022. By driving the future of decentralized finance, DeFi companies play a crucial role in reshaping the industry and equipping investors with the tools and confidence needed to navigate the ever-changing landscape of cryptocurrencies.