Ethereum 2.0 Staking on octopuses: 5 to 17% return on ETH
The picture shows stacked Ethereum coins. Ethereum is the largest platform for dApps and SmartContracts. Ethereum is a crypto currency.
Since 01.12.2020 Ethereum 2.0 is live with phase 1. After months and years of preparation, investors can now look Bitcoin Champion forward to the new age of Ethereum with the start of the Beacon Chain. One question that comes up again and again is the topic of Ethereum 2.0 staking.
Which platforms support staking and how much return can be achieved?
Kraken, one of the largest, oldest and best-known crypto exchanges, has now announced its support for Ethereum 2.0 staking.
Last Friday, the exchange published a statement on Twitter. The official start of the Ethereum 2.0 staking was 04.12.2020 at 13:30 UTC.
#Ethereum’s 2.0 Beacon Chain is Online ⛓ 🚀
We’re excited to announce that hodlers can stake their #ETH on Kraken & empower consensus on the new proof-of-stake blockchain – starting Dec 4!
Receive staking rewards of ~5%-17% yearly 🎁
Learn more 👇https://t.co/r9KkV8xpU3 pic.twitter.com/VyRtEOL7rp
– Kraken Exchange (@krakenfx) December 3, 2020
According to the stock exchange, investors and investors can achieve between 5 and 17% per year with ETH staking.
The advantages of octopuses are that the staking rewards can be claimed weekly. Investors can also participate in Ethereum 2.0 staking even with small amounts.
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Compared to Binance or OKEx, Kraken will open a dedicated market that will allow investors to trade their Ethereum.
In concrete terms this means that investors can trade their „staked ETH“ for „unstaked ETH“. However, due to regulatory requirements, the offer will not be available to US citizens and Canadians.
It is already clear that all major stock exchanges such as Binance, Coinbase, Kraken or OKEx will support Ethereum’s staking.
We are curious to see what impact the changeover will have on the Ethereum share price and will keep you informed about the current events around Ethereum 2.0.