Common use of Staking Services Clause in Contracts

Staking Services. Subject to the terms of this ETH Staking Addendum, Client may instruct Coinbase to make Eligible Digital Assets in the Vault Account and credited to the Vault Balance available to an Approved Validator for Staking. Any such instruction (a “Staking Instruction”) shall be transmitted via the application programming interface(s) provided by Coinbase, or on a mutually agreed medium. For the avoidance of doubt, Client is not required to instruct Coinbase to make any assets available for Staking to any Approved Validator, and Client shall determine the amount of assets to engage in Staking (or unstaking) at any time and from time to time in its sole discretion. Client may issue an instruction to reduce the amount of Staked Digital Assets (an “Unstaking Instruction”). Staking and any other services provided under this ETH Staking Addendum are Custodial Services under the Coinbase PBA. For all of Client’s Staked Digital Assets (as defined below), Coinbase (and Coinbase Custody, as applicable) represents, warrants, and covenants that Client’s Staked Digital Assets shall remain in the blockchain address associated with Client’s segregated Vault Account held with Coinbase Custody at all times, except that, Coinbase shall ensure that, upon receiving the Staking Instruction from Client, Coinbase will commence the transfer of the Instructed Amount (as defined below) of Client’s Staked Digital Assets from Client’s Vault Account and for deposit in the Ethereum network’s official staking deposit contract address located at 0x00000000219ab540356cBB839Cbe05303d7705Fa (the “Protocol Staking Deposit Contract Address”) as of the time specified in such Staking Instruction, except for any Network Restrictions (as defined below). Coinbase shall ensure that, upon receiving an Unstaking Instruction from Client, the unstaking process for the Instructed Amount (including for the avoidance of doubt, any Rewards) is initiated as promptly as possible in accordance with the SLA, except for any Network Restrictions.

Staking Services. Subject to the terms of this ETH Staking Addendum, Client may instruct Coinbase to make Eligible Digital Assets in the Vault Account and credited to the Vault Balance available to an Approved Validator for Staking. Any such instruction (a “Staking Instruction”) shall be transmitted via the application programming interface(s) provided by Coinbase, or on a mutually agreed medium. For the avoidance of doubt, Client is not required to instruct Coinbase to make any assets available for Staking to any Approved Validator, and Client shall determine the amount of assets to engage in Staking (or unstaking) at any time and from time to time in its sole discretion. Client may issue an instruction to reduce the amount of Staked Digital Assets (an “Unstaking Instruction”). Staking and any other services provided under this ETH Staking Addendum are Custodial Services under the Coinbase PBA. For all of Client’s 's Staked Digital Assets (as defined below), Coinbase (and Coinbase Custody, as applicable) represents, warrants, and covenants that Client’s 's Staked Digital Assets shall remain in the blockchain address associated with Client’s 's segregated Vault Account held with Coinbase Custody at all times, except that, Coinbase shall ensure that, upon receiving the Staking Instruction from Client, Coinbase will commence the transfer of the Instructed Amount (as defined below) of Client’s 's Staked Digital Assets from Client’s 's Vault Account and for deposit in the Ethereum network’s 's official staking deposit contract address located at 0x00000000219ab540356cBB839Cbe05303d7705Fa (the “"Protocol Staking Deposit Contract Address”") as of the time specified in such Staking Instruction, except for any Network Restrictions (as defined below). Coinbase shall ensure that, upon receiving an Unstaking Instruction from Client, the unstaking process for the Instructed Amount (including for the avoidance of doubt, any Rewards) is initiated as promptly as possible in accordance with the SLA, except for any Network Restrictions.