FalconX, the leading digital asset prime brokerage, is excited to be the first custodian to offer support for staking on Avail Network.* This milestone comes just months after our recent launch of custodial support for Avail’s native asset AVAIL, coinciding with the Avail DA mainnet announcement and showcasing our commitment to providing comprehensive services for emerging blockchain technologies.
"FalconX has demonstrated impressive speed and technical expertise in launching both custodial support and staking for Avail," said Anurag Arjun, Founder of Avail. "Their ability to quickly deliver institutional-grade solutions makes them a valuable partner as we continue to grow our ecosystem."
Staking on Avail enables users to earn staking rewards while contributing to the stability of Avail’s modular blockchain infrastructure. This includes Avail DA, the Data Availability layer that provides a highly optimized data availability solution for scalable Web3 applications like Lens, a leading web3 social protocol. By participating in staking, users enhance network security and support the interoperability and shared security layers—Avail Nexus and Avail Fusion—ensuring unified and resilient modular Web3 infrastructure for all.
With our institutional-grade custody solution, FalconX provides secure custodial wallets that enable institutional investors to participate in staking and engage with the Avail ecosystem from day one. *The use of staked tokens as collateral is subject to individual risk review and approval. Staking may not be available for all tokens and may be subject to other jurisdiction restrictions.
