Mara Schmeidt, the 29-year-old founder of Alluvial, has developed a software company that aims to simplify the process of staking ether on proof of stake blockchains like Ethereum. Staking involves users locking away their cryptocurrency to help secure the network and earn more of the currency over time. However, retrieving the ether can be a lengthy and unpredictable process. Alluvial works with clients such as Coinbase, Bitcoin Suisse, Figment, and other crypto platforms to stake ether for their users. By leveraging Alluvial’s services, ether owners can sell their cryptocurrency to users on various competing platforms, expanding the pool of potential buyers.
Schmeidt emphasizes the importance of collaboration among competing companies, drawing parallels to Visa’s successful model. Alluvial connects multiple platforms to create a robust market for ether staking, a challenging task that requires intricate coordination. Moreover, Alluvial allows users to un-stake their ether instantly by providing them with a receipt instead of the actual cryptocurrency. This allows users to buy or sell their ether quickly and seamlessly. Notably, both Coinbase and Figment have invested in Alluvial, demonstrating confidence in the company’s vision and potential.
Alluvial’s innovative approach has attracted significant interest and support, with the company raising $18 million in funding to date. The platform’s ability to streamline the staking process and facilitate liquidity for ether holders has garnered attention from industry players and investors alike. By enabling users to access their staked ether rapidly and efficiently, Alluvial is addressing a key pain point in the proof of stake ecosystem.
The collaboration between Alluvial and leading crypto platforms like Coinbase and Bitcoin Suisse underscores the importance of partnerships in the blockchain industry. By working together, these companies can enhance the user experience and drive adoption of staking services. Alluvial’s platform not only simplifies the staking process for users but also creates a vibrant marketplace for buying and selling ether. This interconnected network of platforms benefits both users and the broader crypto community.
As the popularity of proof of stake blockchains continues to grow, solutions like Alluvial’s are poised to play a crucial role in shaping the future of the industry. By providing a seamless staking experience and enhancing liquidity for ether holders, Alluvial is empowering users to maximize the potential of their cryptocurrency investments. With the support of key industry players and investors, Alluvial is well-positioned to drive innovation and drive adoption of staking services across the crypto ecosystem.
In a rapidly evolving market landscape, Alluvial’s technology and approach offer a promising solution to the challenges of staking ether and accessing liquidity. By connecting disparate platforms and facilitating seamless transactions, Alluvial is paving the way for a more efficient and user-friendly staking experience. With its innovative model and strong industry partnerships, Alluvial is poised to make a significant impact in the world of proof of stake blockchains and cryptocurrency trading.
