Growing revenue in the web3 ecosystem
TL;DR: Stakely has implemented Loop to enable automated crypto payments for subscriptions. This allows Stakely to meet the needs of delegators who are crypto-native and desire to pay in crypto because they prefer to transact on chain.
Introduction
We’re excited to announce that Stakely is now live with Loop enabling crypto subscription payments for its users. Stakely offers a comprehensive suite of tools designed to make staking simple across 30+ blockchains. The platform has over 60,000 delegators with more than $1B locked into various staking protocols.
For context, staking allows users to lock their assets on a blockchain to support the network’s security. By staking assets, blockchain users help verify transactions and maintain the security of the network in return for staking rewards. For many blockchains, staking requires significant upfront capital. Stakely is working to change that dynamic, making staking accessible for even the smallest users. Using Loop as a crypto payment processor, Stakely offers subscription plans that are as little as $60 a year for their Simple CSM product. This allows the pool of potential delegators to expand significantly.
Lowering the barrier to staking
Founded in 2020, Stakely has quickly become a key player in the staking industry. The platform currently manages over $1B in total value locked (TVL) and operates on more than 30 blockchains. They are committed to scaling and providing secure, high-quality staking services to their growing community.
Stakely specializes in staking products, notably through Simple CSM, which is built on top of Lido. This product is designed specifically for crypto-native individuals who are deeply embedded in the blockchain space. Many of their customers prefer to pay in cryptocurrency because it aligns with their financial strategies, enabling them to manage their staking activities and rewards seamlessly within the crypto ecosystem, without the need for traditional fiat payments.
Selecting Loop for crypto payments
As noted above, Stakely’s client base is primarily crypto-native individuals who understand the crypto ecosystem, hold assets on chain, and do not want the hassle of moving between fiat and crypto to make a subscription payment. Stakely already had Stripe implemented for subscription management, so they needed a payment option that would work seamlessly with their existing subscription management platform.
This is where Loop came in. With our popular Stripe integration, we make it simple to plug recurring crypto payments into Stripe’s subscription management platform. This allows companies to utilize Stripe’s billing logic and manage all customers in one place while offering crypto autopay and the broadest range of tokens and chains for payment. Most importantly, Loop is flexible allowing companies like Stakely to integrate crypto payments into their checkout with a seamless experience for their users as described in the quote below:
“One of the key challenges we faced was integrating crypto payments seamlessly into our platform. As we use Stripe to manage client data, products, and subscriptions, the real hurdle was incorporating crypto payments without disrupting the user experience. With Loop, we were able to easily extend our existing infrastructure to accept crypto payments, enhancing the flexibility of our services and offering our users a smooth transition into the crypto ecosystem.” - Maria - Stakely
Learn more
To learn more about Stakely and their staking services, check out their website or follow them on Twitter.
If you’re serving a crypto-native customer base and looking to accept crypto payments to grow your revenue, get in touch. Loop makes it simple to implement crypto payments and unlock new customers around the globe.
About Loop
At Loop Crypto, we build infrastructure to unlock truly programmable money and create an open financial system. We enable crypto payments for 50+ of the top web3 companies, including Helius, Pinata, Neynar, Paragraph, Kaito, and ENS, supporting millions of dollars transacted and saving thousands of hours.
Whether the payment is one-time or recurring, Loop supports a broad range of payment use cases: subscriptions, one-time charges, recurring bill pay, loan repayments, and donations. Our integrations with Stripe, QuickBooks, and Xero make it easy to implement crypto payments within your existing operations.
If you’re ready to get started, book a call with our team to get started in minutes.
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