Avaunt Staking Services is a company that specializes in cryptocurrency staking services, facilitating the operation of validator nodes on a variety of blockchain projects. As a validator operator, Avaunt Staking Services enables token holders, also known as delegators, to delegate their tokens to the company's nodes. In return, these delegators receive a portion of the network rewards. As of 2023, Avaunt Staking Services manages validator nodes on several networks including Avalanche, Radix, and the SSV Network.
Overview
Avaunt Staking Services was established to cater to the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanisms in the blockchain industry. PoS, unlike PoW, relies on a network of validator nodes and staked collateral to secure the network, rather than computational energy. Avaunt Staking Services provides a platform where individuals and entities can delegate their staking tokens to a validator, earning a percentage of the validator's revenue in return.
In addition to their primary staking service, Avaunt also offers IT and AV consultancy, with over 20 years of experience in IT infrastructure project delivery, and web design & development services, encompassing branding, design & build, hosting & domain registration, social media, SEO, and marketing.
History
As of 2023, Avaunt Staking Services is accepting delegations on the Avalanche Network and Radix. They have over $5 million staked across more than 400 delegators and are active on three networks, with plans for expansion.
Mission
Avaunt Staking is community-focused, with a mission to help each and every project grow and provide transparency to the delegator community.
Products & Services
Avaunt Staking
The company provides secure infrastructure, high availability cloud hosted infrastructure, secured in multiple data centres across the globe and monitored 24/7. They are also a trusted validator on some of the biggest Proof of Stake networks. Delegators play a critical role in the system, as they show support for reputable validators. Running a Validator Node requires a high level of technical knowledge and commitment to ensure that a consistent quality of service is maintained.
Radix Dashboard
Consultancy
In addition to staking services, Avaunt offers IT and AV consultancy with 20+ years of experience, specializing in IT Infrastructure project delivery. They also provide web design and development services including branding, design & build, hosting & domain registration, social media, SEO & marketing.
Supported Networks
As of 2023, Avaunt Staking Services supports the following networks:
Avalanche
Avalanche is an open-source platform that facilitates the launch of highly decentralized applications, new financial primitives, and interoperable blockchains.
Radix
Radix is a decentralized network designed to provide developers with a platform where they can build rapidly without the threat of exploits and hacks, and without scaling being a bottleneck.
SSV Network
SSV.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator, providing simple and scalable access to decentralized ETH staking.
Staking Process
For token holders interested in becoming delegators with Avaunt Staking Services, the process generally follows these steps:
- Token holders delegate their staking tokens to a validator node managed by Avaunt Staking Services.
- Once the tokens are delegated, they are added to the validator's staking pool.
- Rewards, which are paid in the native network token, are distributed to the delegator's wallet at the end of each epoch (a fixed period of time unique to each network).
Delegators share both the revenue and risks with their validators. If a validator behaves maliciously or underperforms, delegators may face a penalty known as slashing, in which a proportion of their delegated stake is deducted.
Security and Trust
To maintain a high level of service, Avaunt Staking Services operates high availability cloud-hosted infrastructure, secured in multiple data centers across the globe and monitored 24/7. The company prides itself on its commitment to the delegator community, providing transparency and actively contributing to the growth of each project.