Wepos Technology Limited
Professional staking and validation services for PoS networks.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Seed | |
| Total Funding | 000k | ||
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Wepos Technology Limited, operating as wetez.io, is a professional services provider focused on the Proof-of-Stake (PoS) sector of the blockchain industry. The company functions as a validator node for over 35 PoS networks, including prominent chains like Ethereum, Solana, Polygon, and Cosmos. Its core business revolves around offering staking services to token holders, enabling them to delegate their digital assets to Wetez's nodes to earn rewards. The company also provides infrastructure and API services to Web3 projects.
Founded in the British Virgin Islands, Wepos Technology Limited launched its first product, the Wetez wallet, in July 2018, initially focusing on the Tezos blockchain. The wallet was designed to simplify the delegation process for PoS cryptocurrencies, allowing users to manage assets and receive staking rewards directly within the application, which is available on both Android and iOS. Over time, the service expanded to support a multitude of PoS tokens. The business model involves charging a commission fee on the staking rewards generated by its delegators. Wetez also provides services to institutional clients such as exchanges and token funds.
Beyond its primary staking services, Wetez is actively involved in the Web3 ecosystem. The company acts as an oracle data provider for Chainlink, a cross-chain bridge liquidity provider for Connext, and an indexer for The Graph. Security is a key aspect of their operations, with measures in place to prevent downtime and slashing penalties, boasting a 99.99% uptime and a clean slashing record. Wetez also contributes to the community through education, publishing articles, holding seminars, and actively participating in network governance by voting on proposals.
Keywords: Proof-of-Stake, staking services, validator node, cryptocurrency delegation, Web3 infrastructure, API services, blockchain validation, digital asset wallet, Tezos, Cosmos, Ethereum, Solana, Polygon, Chainlink, node operator, staking rewards, crypto wallet, PoS consensus, decentralized finance, token delegation, network governance, oracle data provider