B-Harvest Joins The Elrond Network As Staking Provider

B-Harvest joins the Elrond Network as a Staking Provider. The platform is a leading provider of blockchain infrastructure out of South Korea. They have rich experience in the Cosmos blockchain ecosystem and have recently developed and deployed the Gravity DEX AMM, arguably the most important DeFi contribution for the Cosmos Hub.

“B-Harvest is amongst the blockchain firms that have understood early on that the combination between DevOps and DeFi is not only a great recipe for fast growth but also an essential mix of skills for the development of the new digital economy. We welcome their vast expertise and experience, which we trust will bring significant value to the Elrond ecosystem.” —Lucian Mincu, Elrond CIO.

B-Harvest will join Elrond as Validator nodes operator and offer non-custodial EGLD delegation services. We will work together to explore DeFi collaborations and other opportunities to drive innovation for the Elrond ecosystem.

“The Elrond sharded architecture and its extensive validators network has been on our radar for quite a while. What finally made us pull the trigger on joining the Elrond ecosystem was the team’s commitment to decentralization and their wish to ensure Validator distribution amongst as many different operators as possible. This is a great fit with our vision of a truly decentralized blockchain space, where DeFi projects can exist beyond any single point of failure or control.” — Hyung Lee, Co-Founder and CEO B-Harvest.

B-Harvest is already operating 7 validator nodes on the Elrond Network and can currently accommodate up to 50,000 EGLD, of which 42,511 EGLD is already filled, at ~14% APR. B-Harvest provides validation services for multiple dPoS networks and is actively engaging in decentralized governance.

ABOUT B-HARVEST
B-Harvest is a blockchain validator and DeFi developer. The team participates in many different PoS networks, such as Cosmos, Terra, Chainlink, Band Protocol, and more. B-Harvest pursues an “actively participating validator” philosophy, which means more than operating validator nodes, by deeply engaging in each project’s community, governance, discussions, and codebase development.

ABOUT ELROND NETWORK
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism.

RESOURCES
Elrond Blog