Altcoin Roundup: Holding Ethereum? Here’s how and where to stake your ETH

 

MEDIA ROOM

Stay Up To Date

JORDAN FINNESETH in his article for COINTELEGRAPH (Reuters).

 

"The options for earning passive income from staking ETH continue to expand

Over the past week, the overall feel across the cryptocurrency landscape has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559.

London is the latest in a series of upgrades that are part of Ethereum’s measured transition from its original proof-of-work consensus model to a proof-of-stake model dubbed Ethereum 2.0.

On Eth2, stakeholders who hold at least 32 Ether (ETH) can operate a validator node and verify transactions on the network. With the current price of Ether trading near $2,700, that puts the entry cost of running an Eth2 validator node at $86,400 — a price too steep for most participants in the market.

To help combat this issue, several options — including staking pools and centralized exchange staking — have emerged to offer all Ether token holders the opportunity to earn a yield on their tokens.

Here’s a review of some of the top options currently available to Ether holders:

Lido: Another option available to Ether holders who wish to stake their tokens while also being able to access their equity is Lido, a liquid staking solution for Ethereum.

StakeWise: StakeWise is an Eth2 staking service whose goal is to help users achieve the highest yield possible on their holdings through the combination of staking, yield farming, low fees, and a unique token comic structure that enables compound staking.

 

Centralized exchanges: For users who are not quite up to speed on the ins and outs of decentralized finance — or simply prefer the more traditional custodial route — some of the top centralized exchanges in the ecosystem have started offering Eth2 staking services to traders on their platforms."

 

Source: COINTELEGRAPH