Staked ETHEnter number of ETH (increments of 32)
*All stakers are paid in ETH exclusively. ETH is the subject to price movement. USD for demonstration purposes only
Validating the Ethereum network
Staking can refer to many mechanisms, here we are referring to the mechanism that grants a network participant the ability to act as a Validator for the Ethereum blockchain by staking ETH.
Non-custodial staking, in increments of 32 ETH, allows the asset owner to always retain full control.
Participating in the Ethereum staking economy is a public good and rewards participants for securing the Ethereum network, and further supporting Ethereum decentralisation.
Generating ETH Rewards
This staked ETH allows the Validator to participate in consensus-related duties on the Beacon Chain, making it accountable for breaking any rules in the protocol. By performing these duties in a timely and correct manner, the validator can earn rewards in ETH.
Evolving Ethereum Roadmap
Staking to become a Validator for Ethereum began in November 2020. Evolving to Proof-of-Stake, courtesy of the Paris hard fork (The Merge) in September 2022, at epoch 146875, and graduated to liquid Staking with the Shapella hard fork in April 2023, which combined changes to the execution layer (Shanghai), consensus layer (Capella) and the Engine API, at epoch 194048 / block number 17034870 .
Today, approximately USD $33,352,445,385 worth of ETH is staked on Ethereum.
The staking ratio of ETH is currently 15.62% of the circulating supply, generating on-chain ETH staking yields of approximately 5.00% APR.
What is the process for ETH Staking with Pier Two?