SLURP-36: SwissBorg Partnership and CCIPMetrics Sponsorship Proposal

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Strategic Partnership with SwissBorg

Today, stake.link announces the formation of a strategic partnership with SwissBorg, Europe’s leading cryptocurrency wealth management platform and meta-exchange. This partnership is made possible through the creation of fully-audited, custom smart contracts by stake.link Core Contributors, enabling SwissBorg and future staking integrations to seamlessly offer their users access to LINK Staking and staking offerings of additional digital assets like METIS in the near future.

SwissBorg Overview

Founded in 2017, SwissBorg raised $52 million during its ICO, ranking as the 10th largest globally. Since then, it has become a household name in the European digital asset space, “empowering over 1,000,000 users to achieve financial freedom through investments in cryptocurrencies and decentralized finance.”

Headquartered in Lausanne, Switzerland, and licensed in multiple EU countries, SwissBorg has built a reputation for trust, transparency, and innovation. Its flagship meta-exchange (MEX) aggregates 11 major exchanges, providing users the best liquidity and rates, while supporting 16 fiat currencies, including EUR, CHF, and GBP. Other offerings include automated crypto bundles, competitive yield opportunities, and early investments in emerging Web3 projects. Its ecosystem token, BORG, enhances user benefits within the platform.

With approximately $2 billion in AUM, including 1.3 million LINK tokens, SwissBorg has established itself as a major force in the European digital asset market.

Custom Smart Contracts for SDL Hypergrowth

The newly-developed custom smart contracts are not just for SwissBorg. These contracts will serve as the foundation for future staking integrations with centralized exchanges, wallet providers, and digital asset custodians.

Here’s how they work:
• Streamlined Integration: Entities can integrate these fully-audited smart contracts into their backend systems, allowing users to stake their LINK directly through their preferred platform, such as an exchange, custodial wallet, or app interface.
• No Cost to Partners: Integration is free for entities who can set their own take rates on staking rewards.
• Enhanced User Access: Users can enjoy seamless staking experiences and earn rewards while helping secure the Chainlink Network.

This innovation significantly lowers barriers to entry for LINK Staking and ability to continue stake.link’s Land Grab of the Community Staking Pool.

Audit and External Review

The development of custom smart contracts involved active collaboration between stake.link Core Contributors and SwissBorg. After completing the Cyfrin audit and resolving identified issues, SwissBorg conducted its own internal review. While the contracts passed with flying colors, SwissBorg made one key request: To introduce a 24-hour timelock on the stake.link multi-sig wallet.

Why the Timelock?

SwissBorg will formally act as the “staker,” while the stake.link DAO retains ownership of the smart contracts.

A 24-hour timelock ensures SwissBorg has adequate time to react to any changes, reducing potential risks from unexpected updates or private key compromises (albeit highly unlikely).

Core Contributors see this as a reasonable request as well as an enhancement to both security and operational transparency. Beyond addressing SwissBorg’s needs, this change will also strengthen the overall security of the protocol and improve the product offering for future integrations.

We formally request that the DAO approve this modification to the stake.link multi-sig.

Audit Costs and CCIPMetrics Sponsorship

The total cost of audits with Cyfrin amounted to $10,000. Rather than requesting full reimbursement, Core Contributors propose allocating $5,000 in Treasury SDL (issued as 0-year timelocked reSDL) to sponsor @CCIPMetrics for the 2025 year.

The account’s followers in the month of December alone grew by just under 10%, and as CCIP continues to accelerate in its adoption and usage in both native Web3 dApps / chains as well as with TradFi, we believe that the account’s growth will continue to accelerate as time goes on, making it a prime opportunity for the DAO to showcase stake.link every day in front of thousands of people.

We formally request that the DAO approve this $5,000 expenditure to secure sponsorship with @CCIPMetrics.

We thank the parties to the DAO for their thoughtful consideration and look forward to the DAO’s approval of these initiatives as we continue to build a secure, scalable, and decentralized future for the Chainlink Network.

7 Likes
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YES SEND IT! This is a huge step forward for SDL, I resoundingly agree with this.

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I’m all for this proposal. SwissBorg is the first to tap into our custom smart contracts, proving that LINK staking can work smoothly with custodial platforms. This is a big step toward making LINK staking available everywhere—whether on-chain or off-chain, including centralized exchanges. And I don’t think this stops with SwissBorg. Once other custodians see how easy it is to integrate, they’ll follow. The setup makes a lot of sense: no need to hold reSDL, no extra rake from stake.link, and full flexibility for exchanges to set their own fees while letting their users stake LINK, stay liquid, and maybe even earn more than the base staking yield.

The 24-hour timelock is an easy yes. Security comes first, and this gives SwissBorg (and any future partners) a chance to react if something changes. It’s a simple fix that makes the whole system safer and more transparent.

Also great to see CCIPMetrics X acc growing. It’s become a solid voice in the Chainlink X space, and this sponsorship helps stake.link stay visible in that conversation. Plus, with LinkPool covering some audit costs through this partnership, it’s a clear win-win-win.

Send it.

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I am ready to vote yes on this today.

CCIPMetrics deserves the recognition and support, and will play an even bigger part as the metrics grow.

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thumbs up, heart, upvote, retweet. whatever I gotta do to show support for this thing. LFG SDL

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Very exciting to see this proposal and that this approach can be easily scaled to other entities wanting to integrate with stake.link. As confirmed in Telegram, an entity will need to acquire SDL to stake as reSDL to gain priority for their LINK to be staked.

Great also to see CCIPMetrics sponsored for a year through this SLURP.

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Great SLURP. This appears to be the missing stLink to on-boarding the masses using SDL rails. Plug and play smart contracts likely deter early competition as well, allowing us to keep building our moat.

4 Likes