ETH staking started last year and I really wanted to run a validator node. I signed up for a beta test and got fake ETH to run a node and played around with it.
Running a validator node is like Bitcoin mining.
A node creates blocks and validates them to secure the network, and receive rewards in return.
It sounds like a good idea to get into ETH staking.
However, you have to have at least 32 ETH (~$40000) and the Staked ETH gets lcoked in so that I won't be able to move ETH until Phase 2 or something.
What got me scared the most is that, if you don't know what you are doing, you get penalized and the the funds get slashed...
So I couldn't stake ETH.
But things are starting to change, there are services that you can use to stake ETH without worry too much about those ☝️
Staking Services
I am interested in some of them and Lido Finance looks pretty attractive to me.
Because you don't have to worry setting up and maintain a node on your own and you can stake any amount of ETH, AND your asset is not locked in so you can use it, transfer anytime you want.
Sadly, Lido is no available in my country...
But then arget wallet integrated Lido in to their wallet!
How to stake ETH in Argent
It couldn't be easier to stake ETH with Lido in Argent:
1. First, go to the 'Investment' tab
2. Select 'Ethereum 2.0 Staking'
3. Tap 'Lido Staked ETH'
4. Tap 'Buy Investment'
5. Enter the amount of ETH you would like to invest
6. Tap 'Continue'
It is like this easy 👇
Of course, easy doesn't mean you have to jump into it right away.
They take 10% fee for their service and the reward depends on how much ETH is staked in the network.
I don't have any ETH in my argent wallet right now, but I am going to move some ETH over there and going to test this service out soon!
What do you think about ETH 2.0 staking? Do you know any other services that you use or recommend?
I know CREAM Finance runs something similar. You can get a representation of the ETH2 and farm it on their platform. Obviously the funds are locked until phase 2 so in my opinion that's a huge gamble to take, but I know they raised quite a big amount of money locked in their pool
I saw that cream thing the other day... not a fan of locking up funds, but it is what it is I guess?
Yeah I'm really not a big fan of locking funds in DeFi for long periods of time. They might be legitimate, but DeFi it's so young that the project might go under before I can get back my funds.
That’s the thing... and if gas is too high, I can’t do nothing but cry 😢
I feel insecure about Harvest at times. I mean I trust the project, but I alway had enough spare ETH to pull out if necessary. If gas goes much highr I'm afraid I won't have enough
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I am iffy about DeFi now... not because of the projects, but because of the gas.
You might have enough ETH for gas fees, but would you want to spend that "enough ETH" for gas...?
that is what i am asking myself all the time
Certainly it seems like a good option, however, the complex thing is to dispose of the 32 ETH, the other thing is that it is a very high risk. Do you know of any Staking Services available for Venezuela? Thank you for sharing this useful publication. Kind regards @tomoyan, we keep reading.
Yes 32 ETH is a lot for many people and it gets locked.
You can try argent wallet it should be available in Venezuela. And you can stake any amount.
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Saw you unfollowed me , I came by to thank you for the time you did follow me. Stay safe and good luck on hive
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