Eth2 staking service discounted fee only limited time left
The limited offer expires July 1st when the fee will be raised from $100 to $200 per node
Ethereum 2.0, referred to as Eth2, is a major upgrade of the Ethereum network that has been planned for a long time. With this upgrade, Ethereum will change from a PoW to a PoS consensus mechanism, and introduce a sharding mechanism, which results in Ethereum being more scalable and sustainable.
Eth2 is divided into three stages: the Beacon Chain, the merge and sharding.
Currently in the Beacon Chain stage, Ethereum offers users the possibility to become validator nodes by staking ETH. Validators provide a consensus basis for the Ethereum 2.0 network, and obtain relatively stable annualized income as a reward.
As of June 9, 2021, a total of about 5.3 million ETH has been staked, and the total number of valdition nodes (each node needs to stake 32 ETH) has reached 160,000, with an annualized rate of return of 6.8% (in ETH).
Non-custodial staking services
Currently commonly used Eth2 staking solutions include the following:
- Self-run nodes: Users run Eth1 and Eth2 clients on their own and run and maintain nodes by themselves;
- Fully managed: Users transfer ETH to a trusted custodial service provider for centralized custody, which allows users to participate in staking in small amounts (less than 32 ETH);
- Custody-based staking pool: User transfers ETH to a custodial node service who controls the validation process, but sometimes distributes the control of the withdrawal of the users ETH funds;
- Staking-as-a-service: User transfers ETH to a custodial node service who controls the validation process, while the user stays in full control of their ETH funds enabling them to withdraw once withdraws are enabled in Eth2.
Click here to understand the pros and cons of each staking scheme.
Since May, you can generate an Eth2 wallet and stake on our Eth2 staking solution powered by InfStones directly in imToken. The staking-as-a-service provider gives you the benefit of not having to worry about running the technical validation operation and maintenance while giving you full control of ETH withdrawals (once those are enabled on Eth2). We suggest the staking-as-a-service scheme to users who are able to invest 32 ETH or more.
Eth2 staking service fee
All these staking solutions , except for running a node on your own computer, require a professional third-party service provider to run the validation software on a server, to maintain the validation for you. That’s why different forms of service fees are charged.
In our natively integrated staking service, InfStones is responsible for providing users with hardware for running nodes, 7*24h node operation and maintenance services. The current service fee is priced at $100/node/year.
- Time: May 1, 2021 to June 30, 2021
- Price: 100 USD/node (service charged in ETH, according to real-time price)
- Length: 365 days
Early Bird period
- Time: July 1, 2021 until the merge
- Price: 200 USD/node
- Duration: 365 days
- Time: After the merge
- Price: tbd
- Duration: 365 days
- Before the merge (i.e. during exploration and early bird periods), users do not need to renew the staking service. When expired, the service validity period will be automatically extended until the merge, with the users’ staking service continuing to be effective.
- After the merge, the users’ nodes need to be renewed at the new price of the merge period.
At the same time, all nodes that joined during the exploration and early bird periods will be able to obtain a bonus duration, with the specific reward rules to be determined.
- If the service (including the bonus duration) is no longer renewed after the expiration, the validator node will exit the Eth2 network after the expiration. The staked ETH and rewards will be redeemable when Eth2 network is open for withdrawals.
Withdrawal and redemption rules are currently unknown, waiting for the Ethereum community to disclose more information about Eth2.
Click here to read about the pros and cons of each staking scheme.
Click here to read how to participate in non-custodial Eth2 staking in imToken.