3 million ETH tokens staking on Ethereum 2.0
Ethereum 2.0 is continuing its path which should lead the transition of the Ethereum blockchain from proof of work mode to proof of stake mode, the symbolic figure of 3 million ETH tokens in staking has been crossed.
Ethereum staking favored by an ETH price which is also breaking records and which is heading towards 2000 dollars.
Special Tweet – We just crossed 3M ETH staked! 🚀🚀
93,073 with 3,000,034 ETH deposited. (5.4B @ 1801 per eth). This is 2.62% of ETH supply
Active Validators: 84,273
Queue: 8,800 (~9 days and 18 hours)
Annual Reward (Stake Pool): 9.06%
Daily new validators (7d avg): ~365
— The # of ETH2 Validators are: (@eth2validators) February 10, 2021
To do ETH 2.0 staking, you must have 32 ETH tokens in order to become a transaction validator on the new network.
Interest rates ranging from 5% to 20% depending on the market platforms.
With an Ethereum price close to $2000, it is certain that it has become rather inaccessible to be able to buy 32 ETH tokens in order to have an ETH 2.0 validator node.
Platforms like Binance can therefore associate the ETH tokens made available by their users in order to remunerate them according to the number of ETH tokens they have.
Crypto staking is a way to easily generate passive income, by making tokens available on these specialized platforms.
There is of course staking for other cryptocurrencies, Kraken offers Polkadot staking with 12% interest.
Some people who do not wish to risk their money in cryptocurrency trading can thus sleep peacefully at night, by simply staking their tokens which will earn them a guaranteed interest rate.
A bit like a savings account but with much more attractive interest rates than those offered by traditional banks.
Over time, the staking of Ethereum and other cryptocurrencies will attract more and more participants, seduced by these much more attractive returns.