4 min read

​​Luganodes Secures VSP Pro Status at Program Debut

Verified - Twice!

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Published on

14 Jan, 2024

Luganodes is one of the only two pre-verified and audited providers worldwide, receiving the VSP Pro Badge at launch.

Introduction

The Verified Staking Provider (VSP) badge by Staking Rewards is a coveted accreditation sought after by every staking provider. Over time, it has cemented its position as an industry standard helping users identify the providers which follow best practices and offer a high degree of reliability. With an increasing focus on security, it was time to take things a step further and offer an advanced seal of trust by conducting a thorough audit. Quantstamp joined forces with Staking Rewards to conduct these audits and offer the VSP Pro tag.

Quantstamp Audit

As one of the biggest names in Web3 security, Quantstamp has 750+ audits under its belt with $200 billion secured in digital assets. Their team of scholars and security experts ensures that staking providers follow advanced security measures and rectify any vulnerabilities. Their expertise in auditing now enables Staking Rewards to offer not just a certification, but also a badge of excellence to providers in the staking field.

The Process

The VSP Pro certification is awarded to staking providers who meet the high standards set by the original VSP certification and also successfully pass the rigorous and comprehensive audit conducted by Quantstamp. The process involves an in-depth analysis of the staking provider's security practices, including smart contract audits, infrastructure reviews, and penetration testing. By scrutinizing elements like the anti-slashing database, key management, and internet accessibility of validators, Quantstamp ensures that the staking providers adhere to the highest standards of security and reliability.

Once a staking provider passes this audit, they are granted the VSP Pro badge, signifying their excellence in staking services and commitment to top-tier security measures. This badge also provides the provider exclusive access to sign up for another layer of fund security—Chainproof Insurance.

External Insurance, such as the one offered by Chainproof, is fairly new to the staking space and it is a major step forward since it brings to Web3 a benefit available largely in traditional finance. This establishes a new industry standard, as the presence of the safety net of insurance provides essential reassurance, irrespective of the robustness of the security systems in place.

Luganodes: VSP Pro

At Luganodes, we have worked relentlessly to provide world-class institutional staking services and have always been a preferred provider on Staking Rewards. In recent news, we have gone through an extensive audit by Quantstamp and have opted for Chainproof Insurance. This venture positions us as one of the first staking providers who offer external insurance. Moreover, our insurance is included in our standard offering for institutional customers and is not merely an opt-in service.

Our impeccable track record and pre-verified and audited status led us to become one of the two staking providers in the world, which received the VSP Pro tag at its launch.

Conclusion

In essence, the VSP Pro badge represents a new echelon of trust and safety in the staking industry, setting a benchmark for security and sustainability. For staking providers, earning this badge is not just an accolade but a testament to their dedication to providing secure, reliable, and forward-thinking staking services. As one of the first VSP Pro providers, Luganodes is dedicated to maintaining this global standard.

If you hold cryptocurrency tokens, you can enhance your portfolio by staking to earn rewards. Leverage Luganodes' institutional-grade infrastructure to stake your holdings and create a passive income. Staking with us ensures ease of use, support, and safety while you earn attractive APRs, contributing to the security of various blockchain networks.

Learn how to stake your tokens using our comprehensive guides. You can learn more about our staking services on our website, and feel free to contact us for any queries!

About Luganodes

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 36+ 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 as well as offering Chainproof insurance to institutional clients.

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