TORONTO, February 22, 2023--(BUSINESS WIRE)--Ether Capital Corporation ("Ether Capital" or "the Company") (NEO: ETHC) is proud to announce the beta launch of its staking dashboard ("the Staking Dashboard") — a premium analytics tool that provides Ethereum users with direct insight into their staking operations and financial results.
The Staking Dashboard marks a significant milestone for Ether Capital as it aligns with the Company’s three-pronged strategy: To continue being a net accumulator of Ether, remain focused on staking Ether, and use a portion of the yield generated from staking (i.e. Staking Rewards) to build quality infrastructure that supports Ethereum and creates value for Ether Capital shareholders.
The beta version of the Staking Dashboard allows stakers to add their validator keys (run themselves or by an operator) and have immediate insight into their staking operations. It provides users with the information needed to create IFRS-compliant financial reports that meet institutional standards. Users are also able to track their staking rewards from Ethereum’s execution layer and consensus layer, while accessing key metrics on validator performance. The Company is looking forward to receiving user feedback on the beta version that will be instrumental in guiding the product roadmap.
"The Staking Dashboard is a tool that was built by stakers for stakers. We’re excited to get this product in front of a wider audience and collect insights from users as to how it adds value for them. The features in the beta are a first step in a broader vision to become the go-to source for staking analytics and insights," said Jillian Friedman, COO of Ether Capital.
"Ether Capital is uniquely positioned to understand both the needs of traditional finance as well as best practices within the Ethereum ecosystem. It is our goal to leverage that IP into operating business lines, something that has been part of our core mission from day one," said Brian Mosoff, CEO of Ether Capital. "Our product is designed to greatly improve the overall staking experience for all types of stakers, which further positions the Company as a dominant player in the industry. We are proud to finally introduce what we have been working on for the past several months and celebrate this defining moment for our business."
Ether Capital believes the Staking Dashboard will help users to address challenges that pervade the industry, including limited insight into validator performance and broken data pipelines.
"We want users to have direct access to consistent and reliable data when it comes to staking, which is why we took the initiative to build the Staking Dashboard," said Shayan Eskandari, CTO of Ether Capital. "It was initially an in-house solution that was instrumental in helping us meet institutional reporting and auditing requirements. Now that we know what it’s capable of, we’re excited to share our product with the rest of the world and see others benefit from it."
The Staking Dashboard is currently in beta mode and the Company will continue to adapt and add features over time based on early user feedback. If you’re interested to learn more and join the list to become a beta tester, please visit https://www.beta.ethcap.co/. Ether Capital will share additional information about the Staking Dashboard at ETHDenver 2023.
About Ether Capital Corporation
Ether Capital (NEO: ETHC) is a public technology company with a long-term objective to become a central business and investment hub for the Ethereum ecosystem. The Company has invested the majority of its balance sheet in Ethereum’s native utility token "Ether" as a core strategic asset and yield-generating instrument. The Company is focused on financial infrastructure that supports the Ethereum blockchain and delivers corporate value. Ether Capital’s management team and Board of Directors are comprised of crypto natives, leading venture capitalists and traditional finance experts, which uniquely positions the company to identify and capitalize on opportunities in the digital asset ecosystem. For more information, visit http://ethcap.co.
The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement, or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information in this press release is current only as of the date provided and Ether Capital is under no obligation to update this information, other than in accordance with applicable securities laws.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as "plans," "expects" or "does not expect," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "on pace," "anticipates," or "does not anticipate," "believes," and similar expressions or state that certain actions, events or results "may," "could," "would," "should," "might," or "will" be taken, occur or be achieved.
Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to the risk factors discussed in the Company’s Annual Information Form dated March 23, 2022, the Risk Factors section in its most recently filed management’s discussion and analysis and its other filings available online at www.sedar.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.
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