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Everstake
Everstake launched in 2018 as a validator for early proof-of-stake blockchains, founded by Ukrainian entrepreneur Sergey Vasylchuk.
Everstake
Everstake launched in 2018 as a validator for early proof-of-stake blockchains, founded by Ukrainian entrepreneur Sergey Vasylchuk. The firm grew out of the Kuna exchange ecosystem and quickly scaled to support dozens of networks. Today it operates one of the most distributed institutional staking operations globally, running validator nodes for layer-1 chains including Solana, Cosmos, Polkadot, and Ethereum, as well as dozens of app-chain and DeFi protocols. The business model is non-custodial: delegators retain control of their private keys and assets remain on-chain, earning protocol-level inflation and fee rewards distributed by Everstake's infrastructure. Everstake's staking infrastructure spans over 80 blockchain networks, making it one of the most diversified institutional node operators in the world. The firm supports liquid staking derivatives through partnerships with protocols like Lido, and provides white-label staking integration for exchanges, custodians, and wallets. Its largest delegations by protocol include Solana, where Everstake consistently ranks among the top three validators by stake weight, and Ethereum, where it operates multiple validator sets post-Merge. The firm maintains data center operations across North America, Europe, and Asia, and publishes third-party audited uptime reports exceeding 99.9% across its active validator fleet. In 2023, Everstake publicly committed to supporting Ukraine's digital infrastructure resilience, running dedicated nodes for networks prioritizing decentralized governance. Everstake employs engineers across offices in London, San Francisco, Kyiv, and Zurich, with deep specialization in cryptography, distributed systems, and protocol-level governance. The firm is an active participant in on-chain governance for delegated-proof-of-stake networks, frequently voting on protocol upgrades and treasury proposals on behalf of its delegator base. It also operates Everstake Capital, an affiliated venture arm, but the validation business remains structurally separate from its investment activities. The firm does not custody client funds and has stated publicly it does not engage in proprietary trading of delegated assets, a posture that distinguishes it from centralized exchange staking programs. Everstake's structural differentiator is its status as a sovereign infrastructure provider in a market increasingly dominated by exchange-owned validators. By remaining independent of any single exchange, custody bank, or layer-1 foundation, Everstake offers delegators a validator operator with no conflict between custody fees, exchange revenue, and staking commissions. This architecture is particularly relevant for institutional allocators and DAO treasuries seeking to avoid concentration risk in staked network security. For its largest protocol partners, Everstake functions as critical infrastructure rather than a financial intermediary—an operational model that makes the firm closer to a cloud-services provider than a traditional asset manager.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Additional offices
San Francisco, CA · Kyiv, Ukraine · George Town, Cayman Islands · Zurich, Switzerland · Singapore
Principals
Sergey Vasylchuk
CEO
Sector focus
Frequently asked questions
Who runs investment and operational decisions at Everstake?
Sergey Vasylchuk, Everstake's founder and CEO, oversees all strategic and operational decisions for the firm. His background includes founding the Kuna cryptocurrency exchange, one of Eastern Europe's earliest digital-asset trading platforms. Day-to-day validation operations are managed by distributed engineering teams across multiple offices, with no single investment committee structure—Everstake does not direct capital allocation in the traditional asset-management sense, instead maintaining protocol-level infrastructure.
How does Everstake generate revenue, and does it charge AUM-based fees?
Everstake earns revenue exclusively through commission on staking rewards generated by its validator nodes. When delegators stake assets through Everstake's infrastructure, the firm retains a small percentage of the protocol-level inflation and transaction-fee rewards before distributing the remainder to delegators. This is fundamentally different from an AUM-based fee model—Everstake generates income proportional to the yield it secures for delegators, not the total value of delegated assets. The firm does not charge management fees or performance fees in the traditional alternative-asset sense.
Does Everstake custody client assets?
No. Everstake operates a fully non-custodial staking infrastructure model. Delegators retain exclusive control of their private keys at all times; assets remain locked in protocol-level smart contracts rather than held by Everstake. This architecture eliminates the rehypothecation and commingling risks associated with centralized exchange staking programs, because Everstake cannot move, lend, or trade delegated assets under any circumstances.
Which protocols represent Everstake's largest validator deployments?
Everstake's largest delegator bases by stake weight are on Solana, Ethereum, Cosmos Hub, and Polkadot. The firm consistently ranks among the top three validators on Solana by total stake and operates multiple validator sets on Ethereum post-Merge. Across its 80-plus supported networks, protocol concentration varies depending on market capitalization and staking participation rates, but the firm publicly discloses its validator addresses for each supported network, enabling independent verification of delegation levels via on-chain data.
What is Everstake's posture on co-investments or venture capital alongside its validation business?
Everstake Capital operates as an affiliated venture arm but is structurally separated from the validation business. The staking infrastructure does not take equity positions in protocol partners, and delegator assets are not used to fund venture deals. When Everstake makes venture investments through its capital vehicle, those positions are held independently of delegator funds and are not commingled with staking operations. The firm has publicly stated this separation to avoid conflicts between its role as a neutral network validator and its private-investment activities.
Where are Everstake's validator nodes physically located?
Everstake maintains validator infrastructure distributed across North America, Europe, and Asia, with data center presences designed to minimize latency and reduce single-point-of-failure risk for each supported protocol. The firm does not publish a complete data center map for security reasons, but has publicly confirmed operations in the United States, United Kingdom, Ukraine, and Singapore. All node operations are monitored for uptime, and the firm publishes audited performance metrics exceeding 99.9% uptime across its active validator fleet.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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