On the 4th of November, 2020, ETH 2.0 deposit contract went live and on 1st of December 2020, The Ethereum 2.0 was officially launched. The Crypto world was really awaiting this big news because it will make Ethereum more accessible and effective to use..
So many will be wondering what this ETH 2.0 Is all about.
ETH 2.0 according to ethereum.org is a set of interconnected upgrades that will make Ethereum more scalable, more secure and more sustainable. These upgrade will be built by multiple teams from across the Ethereum ecosystem.
In an official document by Ethereum foundation, a minimum of 32 ETH is required to stake in the deposit contract and an annualized yield of between 5% and 20% is expected..
Prior to the announcement of the ETH 2.0 , many crypto enthusiast was so excited about the news because it's was a major announcement in the crypto world but staking in the ethereum network was made so difficult for so many average investors who wouldn't meet up with the requirements due to:
Capital - A staker who is interested in participating have to have a minimum of 32 ETH which is roughly worth $16,000 dollars to join the staking..This has made it so difficult for many interested investors to participate
In the Eth 2.0, both stakers and validators face a huge liquidity risk when they have staked their ETH which can't be redeemed or withdrew until phase 2 of ETH 2.0 is reached.
Delegation is not allowed according to Eth 2.0 and stakers must run a valid node before earning.. This means that potential staker must have indebt knowledge about node to start earning..
STAFI PROTOCOL ( rETH solution)
What is StAFI?
Staking finance protocol otherwise known as StaFi is the first DeFi protocol unlocking liquidity of staked assets. With StaFi, users can stake PoS tokens and receive rTokens in return, which are available for trading, while still earning staking rewards. FIS is the native token on StaFi Chain. FIS is required to provide security to the network by staking, pay for transaction fees on the StaFi chain, and mint & redeem rTokens.
You should consider staking your rETH in staFi because;
Interested users will be able to participate in the staking through the staking contract deployed on ETH 1.0 by staFi. One would be needing as low as 0.01 ETH to start as against the 32 ETH required by Ethereum foundation.. This will give everyone the chance to stake.
StaFi protocol will solve the problem of liquidity for both stakers and validators..
For validators , StaFi will initiate a liquidity program through which some of the staked ETH in staking contract can be redeem back to #Fis
You don't have to have knowledge about node before earning as StaFi has a security protocol in the SC that make sure that the staked assets is secured.
You don't need to wait till the unlocking period before withdrawing your assets, You can stake and redeem your assets anytime anywhere without any third party intervention.
It's note worthy to say that StaFi protocol is the only DeFi project that rewards stakers with equivalent rETH (reward tokens)..for example, Mr A staked 0.02 Eth, he will automatically be rewarded 0.02 rEth tokens which is supported in the ERC20 address and this rEth can be traded on a variety of market venue and can also be used in other DeFi protocol.
#DeFi #Crypto #Staking
Follow StaFi official social media handles for more information
Website: www.stafi.io
Twitter:@Stafi_Protocol
Telegram Chat: https://t.me/stafi_protocol
Telegram Announcements: https://t.me/stafi_ann
Discord: https://discord.com/invite/jB77etn
Forum：https://commonwealth.im/stafi
Reference : Ethereum .org
