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We’re Live on Ronin: Stake your $RON with Luganodes
Empowering Ronin's Blockchain Gaming Revolution
Published on20 Apr, 2023
We are thrilled to announce that we’ve made our Ronin nodes live, and we invite the Ronin community to delegate their $RON tokens with Luganodes, to help us secure the network. As a leading 100% non-custodial staking service provider, Luganodes is committed to providing a secure and reliable platform for the community to delegate their assets without worrying about the risks of custody.
At Luganodes, we are always working towards supporting and incentivising our community. We believe that decentralization is the key to a robust and sustainable blockchain ecosystem, and we are committed to doing our part to support it.
Starting from 12 April 2023, users can now stake their RON tokens with validators to earn $RON token rewards. The new system follows the Ronin upgrade to change its consensus mechanism from proof-of-authority to delegated proof-of-stake. Luganodes is proud to be a validator and run nodes on Ronin.
Ronin is an EVM-based sidechain created specifically for blockchain gaming by Sky Mavis — the company behind the popular blockchain game Axie Infinity. In the past, Axie Infinity hit their bottleneck and the ecosystem has suffered for several years because of the low scalability of Ethereum mainnet. Sky Mavis realised the urgent need to have a reliable and fast network that could cater to the demands of the game. Hence, they took the leap to create a scaling solution that put gaming first. Ronin was their answer.
Once the Ronin Network was launched, Axie Infinity has witnessed explosive growth and onboarded millions of additional Web3 users. Ronin is a future-proof blockchain network thanks to its low transaction costs and quick confirmation times of 2–3 seconds. Moreover, they provide a fiat on-ramp and native wallet that helps users to kick off easily.
Ronin (RON) is the ecosystem token for the Ronin chain. The token enables users to pay for transactions on Ronin and secure the network for both Axie Infinity and the other games or products hosted on the chain. It also allows decentralised finance features like community governance and staking to earn rewards.
Previously, the Ronin mechanism had 6 to 9 participants securing and validating transactions on the network, which put the network at a centralization risk. The new DPoS consensus mechanism allows RON stakers to earn from the network’s fees and vote on the set of 22 validators operating the network.
As one of the leading non-custodial staking service providers in the industry, Luganodes is committed to helping decentralise the Ronin network and increase its robustness and security.
By staking your Ronin with Luganodes, you can trust that your assets will be secure and earn rewards, while also helping to support the decentralisation of the Ronin network. Our internally configured advanced monitoring of validator nodes ensure that we are always able to provide the best possible service to our clients.
At Luganodes, we pride ourselves on the technical expertise and commitment to providing a secure and reliable staking service. Our bare metal servers operate on a multi-region setup, and we use disk encryption and HSMs when appropriate. We also leverage ledgers and air-gapped machines for key management, with periodic key rotations and regular internal audits. We are striving towards our ISO27001 and SOC2 certifications to further demonstrate our commitment to security.
In addition to our technical expertise, we also have a track record of trust and reliability. We are the world’s fastest-growing provider with AUM of over $600 million worth of staked assets and live on 15+ PoS networks. We are top #1 validator on Polygon and top #13 super representative on TRON, crowning us the leading block producers in each ecosystem.
Recently, we have been acknowledged as a verified staking provider with AAA ratings (highest possible) given by stakingrewards.com, further showcasing our expertise in the blockchain infrastructure space and our position as one of the world’s top 5 verified providers.
We cordially invite you to join the growing number of industry leaders who trust Luganodes as their official staking provider for PoS assets. Partnering with institutions such as VCs, Hedge Funds, Banks, Exchanges, and Wallets, we prioritise assets in their portfolios and take away the operational and technical challenges of running, managing, and maintaining validator nodes in a safe, compliant, and efficient manner.
Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 30+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards.
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