Here’s why staking 32 ETH isn’t an easy proposition – AMBCrypto English

Here’s why staking 32 ETH isn’t an easy proposition - AMBCrypto English

Running an ETH 2.0 validator node is a lucrative prospect, at least for ETH Maximalists. It takes 32 ETH to run one on your own. Naturally, since 32 ETH is a substantial amount, many have instead turned to pools. In fact, so far, 83,872 ETH have been staked. However, what’s interesting here is that a single entity controls approx. 35% of all the validator nodes.

Would you stake 32 ETH?

Source: Twitter

Yesterday, on 14 November 2020, a single address deposited 16000 ETH. Whoever s/he is, they aren’t the only ones either as Ethereum’s Vitalik Buterin himself deposited $1.4M worth of ETH in the Phase 0 contract in the first week of November. This is interesting since the staking rewards are yields north of 20%.

Would you stake 32 ETH?

ETH Network Status || Source: ETH Launchpad

However, stakers tackle the risks of having their ETH locked in for an indefinite period. To top that, there’s the risk that not performing their duties effectively would get them “slashed.” The risk is dual, despite the lucrative rewards involved here. To examine whether it is worth
Source…

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Related Posts