Launchnodes is building the infrastructure for widespread ETH accessibility, crafting the “LEGO blocks” for everyone from institutions to individuals to build wealth from staking. The safest, most lucrative ETH solo staking provider on the market allowing users to lock in their holdings while earning interest. Jaydeep Korde, CEO of Launchnodes, will be sharing more details with us in this interview with TechBullion
Please tell us more about yourself?
I’m an engineer, and jack of all trades – but a master of none. For 21 years, I have been working in different contexts to put useful technology and software into production.
What is Launchnodes and what unique services do you provide?
Launchnodes sells all the components and nodes that allows our clients to become solo Ethereum stakers.
We make the “LEGO blocks” for everyone from institutions to individuals to build wealth from staking. Launchnodes clients are all ETH solo stakers earning the maximum interest from staking and not giving any commission away in fees.
As Launchnodes works to promote the decentralization of the Ethereum network, we are empowering our users to become independent stakers by providing all the component nodes for ETH staking, so that clients can keep all their returns, build their own staking infrastructure, and make the choices that work best for them – such as choosing public cloud or their own infrastructure to stake from.
We also have a focus on impact staking – at Launchnodes, we look at staking as a tool to support and fund useful outcomes in climate change, inequality, and new infrastructure.
Could you explain staking to us and how moving ETH’s valuation into a Proof-of-Stake model will allow investors to earn more passive income?
ETH staking is set to be the new internet of finance. It maintains and secures a shared database – which is, in essence, what Ethereum is. I’m actually not a fan of the word “blockchain” – it simply means a shared database, but saying “a shared database” is much more accessible and self-explanatory language than “blockchain.”
The passive income is generated by updating everyone’s copy of the database with new transactions and securing the transactions. As Ethereum grows in its use for all kinds of different financial applications (money markets; NFTs are just the start, mortgages and loans are next) validators nodes pick up that extra work from the need to validate transactions and keep the database secure. So the earning potential is from the interest rate and the price of Ethereum.
Tremendous opportunities are raised by having a fixed pool of capital that automatically generates an ongoing interest rate – passive income – in perpetuity. This is all based on the growth of the Ethereum network database.
Moving ETH’s valuation into a Proof-of-Stake model will change how ETH accrues value from mining to staking, and will allow investors to earn passive income. The Merge is going to incentivize long-term investors with huge potential payoff, potentially earning up to 12% on yields.
Also our model is different from staking-as-a-service providers or custodial exchanges like Coinbase or Kraken. By enabling our clients to truly own their own nodes and staking architecture without being an intermediary, a whole new eco-system of services will become available to our customers as solo stakers after the Merge.
At what stage of development is the staking infrastructure and what is next on your roadmap?
There is more than one way to look at what staking infrastructure is right now. But, in essence, it is an already battle tested chain of nodes that boasts over $19.5 billion in participating ETH tokens.
I believe that the true potential of the staking infrastructure is still uncovered, and brighter days are still to come. Staking opens up opportunities for social impact, the rise of new asset classes, and innovation for applications that will play a definitive role in the future of finance.
As for Launchnodes’ roadmap, we plan to continue to provide institutions and private individuals with the most effective tools to solo stake and participate in Ethereum blockchain.
How big is the crypto staking market and what is the level of demand for ETH staking?
ETH staking provides opportunities for venture-style investment for both retail and institutional investors. ETH staking is on track to become a $40 billion industry, changing the way institutions operate and enhancing the adoption of blockchain even further.
The Merge is going to incentivize long term investors with huge potential payoff, potentially earning up to 12% on yields.
ETH staking provides opportunities for venture-style investment for both retail and institutional investors. How can solo staking investors make the best out of this?
The simple answer is to keep solo staking. Ethereum blockchain is still in its early days and the best is yet to come. Solo staking investors are already in a good place because they stake in the right way. There is no dependency on third parties, and they get to keep all the rewards. The future will uncover even more benefits, translated into rewards and potentially stand alone asset classes.
By changing how ETH accrues value from mining to staking, what other emerging trends will we see from this innovation?
The Merge is going to incentivize long term investors because of huge potential payoff, potentially earning up to 12% on yields. An emerging trend I see from this move is that institutional investors, who have primarily been in Bitcoin, will increasingly diversify their portfolios and utilize ETH.
Staking also provides the potential to allow individuals, groups of people, and whole industries to pool capital together across international boundaries, to generate this interest rate and use it to fund projects in a totally different way.
How must regulators approach these latest blockchain innovations to support retail investors?
We need regulation and best practices, but it’s not easy to achieve, and the regulation we build needs to support the retail investor – the ability to earn an interest rate on crypto assets is something that’s extremely powerful and has the potential to democratize wealth-creation for all retail investors. From a regulatory perspective, you have to find the right balance of regulation versus letting opportunity flourish. Regulators must craft regulations with this in mind – and update regulations frequently in time with perpetual blockchain innovations.
Do you have more opportunities for partnerships, investors or more information for our readers today?
Learn about staking and Ethereum more broadly – it is going to become a general purpose technology and, like the internet, it will change every aspect of how we live and exist.
We see significant interest from traditional financial services, businesses, and banks who want to stake Ethereum and understand how they can create customer-based offerings. We only see that interest continuing.
We are part of the Ethereum eco-system and are helping to build out networks like SSV and Swell that offer different capabilities around staking. We will continue to build and make stuff that is useful for people and organizations that want to solo stake on Ethereum and other blockchains –or, as I prefer, shared databases.