Everstake Partners with Cypherock: ETH, POL and SOL Staking in cySync

TL;DR

• Everstake has partnered with Cypherock, the maker of the X1 hardware wallet, as its exclusive staking provider.
• Cypherock X1 owners can stake ETH, POL and SOL in the cySync app.
• The integration runs on the Everstake Wallet SDK, and private keys stay on the X1.

What Is the Cypherock x Everstake Partnership?

Cypherock has integrated the Everstake Wallet SDK into cySync, the companion app for the Cypherock X1. X1 owners can stake ETH, POL and SOL with Everstake without leaving the app.

The X1 Vault signs every staking transaction, and Everstake runs the staking infrastructure behind it. Everstake is the exclusive staking provider for Cypherock.

Read the Cypherock announcement of the Everstake partnership for the wallet maker’s view.

What Is Cypherock Wallet?

Cypherock is a self-custody company that builds hardware wallets aimed to reduce the seed phrase vulnerability. Its flagship Cypherock X1 distributes the private key into 5 shares using Shamir’s Secret Sharing, so no card or device holds the full key.

The shares are contained in 1 X1 Vault and 4 X1 Cards, each card protected by an EAL6+ secure element. Any 2 shares could recover the wallet, so if the user loses up to 3 components the access won’t be jeopardized.

To transact, the user taps any 1 of the 4 X1 Cards on the X1 Vault.

Key specifications of Cypherock X1:

• Support for 19,000+ tokens across 10+ blockchains, including ETH, POL and SOL.
• Up to 4 wallet accounts per device.
• USB-C only, with NFC between the X1 Vault and X1 Cards and no Bluetooth or WiFi.
• Universal backup: the X1 can back up seed phrases from other hot and cold wallets.
• WalletConnect for dApp connections.
• Cypherock Cover, a native, non-custodial, non-KYC inheritance solution.
• Listed on bitcoin.org.

Why Choose Everstake as the Infrastructure Layer

Everstake has historically operated 130+ networks and currently supports 30+ active networks, with $7B+ staked to date. Everstake has served 1.6M delegators through 40,000+ validator nodes.

Everstake takes compliance posture seriously. For wallets that embed staking, Everstake brings SOC 2 and ISO 27001 certification, GDPR compliance, independently assessed DORA controls and a multi-year slashing-free history on major networks. Its operational footprint covers 10+ countries and over 420 servers.

Staking ETH, POL and SOL Through the Everstake Wallet SDK

Cypherock X1 owners can stake ETH (estimated 3.4%-10% APR), POL (estimated 3% APR) and SOL (estimated 4.8% APR) in cySync, with keys staying on the hardware device. The Everstake Wallet SDK handles staking, unstaking, and claiming for the assets.

Note: The protocol staking rewards are variable and depend on network conditions.

Why Cypherock Partnership Makes Sense

Cypherock X1 owners hold assets for the long term and already manage every portfolio in cySync. Adding ETH, POL and SOL staking to the same dashboard lets them put those holdings to work without moving them to another app.

The X1 distributes the private key across 5 components, so no card, device, or backup holds the full key. Everstake adds the validator infrastructure, while every staking transaction is still signed on the X1 Vault.

FAQ

Which assets can be staked through Cypherock?

Cypherock X1 owners can stake ETH, POL and SOL with Everstake in cySync.

Do private keys leave the Cypherock X1 when staking?

No. Every cySync staking transaction is verified and signed on the Cypherock X1 Vault, and Everstake never has access to the private key.

Can I unstake ETH, POL or SOL at any time?

Yes. cySync lets Cypherock X1 owners request an unstake from the app, and the tokens pass through the Unstaking queue according to the protocol rules before they can be claimed.

What is Cypherock X1?

Cypherock X1 is a hardware wallet that distributes the private key into 5 shares with Shamir’s Secret Sharing, stored across 1 X1 Vault and 4 X1 Cards. Cypherock supports 19,000+ tokens and reduces seed phrase vulnerability.

Can other wallets integrate Everstake staking?

Yes. The Everstake Wallet SDK is a white-label integration available to wallets and institutions.