KEY TAKEAWAYS
- FalconX introduces staking support on the Avail network, enhancing blockchain security for institutional investors.
- Avail’s modular blockchain infrastructure offers staking rewards while promoting decentralization and security.
- Avail’s strategy focuses on avoiding validator centralization, improving the development experience for blockchain app developers.
- Led by former Polygon co-founder, Avail aims to streamline application deployment with robust infrastructure support.
Leading digital asset prime brokerage FalconX has announced new support for staking on the Avail network, a move aimed at enhancing institutional investors’ access to blockchain security and rewards. This development follows FalconX’s recent addition of custodial support for Avail’s native asset, AVAIL.
Avail, a modular blockchain infrastructure, allows users to earn staking rewards while contributing to the network’s security. The network includes Avail DA, a highly optimized data availability solution designed to power networks such as Lens and Sophon. By participating in staking, investors help bolster the crypto-economic security of the Avail network, which benefits all teams building on it.
One of Avail’s key features is its approach to avoiding validator centralization. The network ensures that stakes are evenly distributed among validators, thereby increasing decentralization for both users and application developers. This strategy is part of Avail’s broader mission to improve the development experience for blockchain app developers by addressing core challenges such as network decentralization, cross-chain transactions, and cost-effective scalability.
Avail is led by former Polygon co-founder Anurag Arjun and research lead Prabal Banerjee. The project aims to provide a fast and efficient way for applications to be deployed, allowing developers to focus on building features for their users while Avail handles the underlying infrastructure.
With the institutional support provided by FalconX, Avail is positioned to continue offering robust crypto-economic security and superior performance. This partnership is expected to help proliferate the use of blockchain technology worldwide. More details about this initiative can be found here.
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