Stake without complexities

Institutional crypto treasuries are entering a new phase. In the first wave, treasurers allocated to Bitcoin and Ethereum, focusing on long-term exposure and basic staking yields. But as on-chain infrastructure matures and liquid staking protocols like Lido and EigenLayer gain traction, a new strategy is emerging: yield stacking. By combining liquid staking tokens (LSTs), restaking mechanisms, and DeFi services, treasuries can now layer multiple sources of yield on top of the same principal, without giving up custody, transparency, or compliance controls. Treasuries that can generate 3–5% from vanilla savings and staking, can now see 6–10% using enterprise-grade tools and increasingly permissioned crypto vaults. This is Treasury 3.0: dynamic, composable, and built for capital efficiency.

The U.S. crypto ETF landscape is undergoing a transformative shift. The recent approval (or more accurately, no disapproval) of the REX-Osprey™ SOL + Staking ETF (ticker: SSK) marks a significant milestone, offering investors exposure to Solana (SOL) while earning yield through on-chain staking. This development signals a broader trend: the integration of staking rewards into regulated investment vehicles.

Last week, SwissBorg lost $41 million worth of SOL, due to a suspected compromise in its integration with their staking provider, Kiln. On-chain, staking on Solana is fundamentally low-risk. It’s non-custodial, and there is no slashing on Solana. When you delegate tokens to a validator, you remain in full control of those tokens. A validator cannot spend, lock, or destroy delegated tokens. At worst, if a validator stops validating, the delegator simply stops earning rewards. So how could a compromise lead to a loss of 193K SOL?