Sam McIngvale, head of product for Coinbase Custody, describes its new staking service. He explains how Coinbase Custody plans to allow its customers to participate in crypto networks while keeping those funds offline, what Coinbase had to build from an engineering and product perspective in order to keep funds secure and how insurance works for these assets. We also discuss its plans to enable its customers to participate in governance, whether or not Coinbase.com will move in the same direction, which other blockchains it may offer staking services for.

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Episode links:

Coinbase blog post about staking with Coinbase Custody: https://blog.coinbase.com/coinbase-custody-launches-staking-support-for-tezos-makerdao-governance-to-follow-68f7bc51bc53

Sam McIngvale: https://twitter.com/sammcingvale?lang=en

WSJ article: https://www.wsj.com/articles/coinbases-new-customer-incentive-interest-payments-with-a-crypto-twist-11553855400

Fortune article: http://fortune.com/2019/03/29/coinbase-crypto-dividend-staking/

CoinDesk article: https://www.coindesk.com/coinbase-leads-wall-street-to-brave-new-world-of-crypto-staking