Ethereum staking is fun
Started my own validator today and it was fun! My motivation is that the returns are quite high (~12%) and I think Ethereum is undervalued (only 1/3 of its ATH, while bitcoin is at ATH). Be careful though, staking 32 ETH and becoming a validator means you are locked into a long-term contract. If you don't use a cloud provider (e.g. allnodes.com), you will also learn something new while setting up the validator instance. https://ethereum.org/en/eth2/staking/ #eth #ethereum #staking #crypto #blockchain #bitcoin
ethereum.org
Is eth 2.0 out? Also how would this be better than something like Vauld or Blockfi, apart from the slightly higher interest rate?
ETH 2.0 rollout is ongoing but it's a four phase multi year process. I prefer doing my part and supporting the Ethereum network.
12% per?
Staked ETH. Returns are going to decrease as more validators are added.
Iām jealous. I wouldnāt be surprised if you made 8x returns on the 32 ETH in 2 years, not even accounting for the 12 percent APY you are getting
Are you using your own hardware?
No. I just played around with it. Too much maintenance and I don't have the time.
I looked at it briefly & was wondering about the same thing. What would happen if your hardware went offline? They lock your coins? So held back for now. What's your setup?
I was thinking of staking as well but then other services give you 6% already. Locking my eth for 1-2 years plus paying for the server and managing uptime was not worth the extra 6% imo
It's 13% currently. It's going to drop as number of validators increases. You can pay as low as100$ a year for the server. It's really negligible in the big scheme of things.
Actually I forgot to mention even if you get 6% ETH after the validators increase, the dollar value might still go up. So your passive income may increase.
Nice!