Staking with ETH on Ethereum 2.0 remains complex and difficult to access for the majority of investors. The technical and above all financial prerequisites (32 ETH minimum) being the main reasons. To allow anyone to staking with their ETH, the French platform Just Mining is launching a dedicated service in collaboration with Exaion. Find out how it works.
Ethereum 2.0 and staking
Since December 1, a new chain of Ethereum has emerged , called Ethereum 2.0 . This new version of the protocol, which is still in development, will bring its share of new features that will drastically improve the technical capabilities of the network.
Today, Ethereum 2.0 has entered phase 0 of its development, a period that will be followed by 3 more phases, namely 1, 1.5 and 2. Ultimately, the current protocol will be replaced by the new one, marking the start of a new era for Ethereum .
Far from being a simple update, Ethereum 2.0 allows the protocol to migrate from Proof of Work (PoW) to Proof of Stake (PoS) . This new consensus mechanism for Ethereum is accompanied by a very interesting feature for holders of Ethers (ETH), staking .
By locking your ETH Ethereum of 2.0 over a period, it is possible to generate regular income without any effort , or almost . To have the opportunity to staking on Ethereum 2.0, there are certain prerequisites, which represent a gigantic obstacle for the majority of investors .
At the time of writing, this colossal barrier is around € 16,000 . Yes, to participate in Ethereum 2.0 staking, a minimum of 32 ETH is required, i.e. € 16,000 at the current cryptocurrency price, at € 500. Added to this is the need to have sufficient technical knowledge to maintain a network node on its own.
Currently, the annual return for those staking their ETH is 15.8% , a pretty good rate for a cryptocurrency of such importance. So how can you benefit from it if you do not have the required 32 ETH? How to avoid all the technical difficulties related to staking on Ethereum 2.0?
To meet growing demand and allow anyone to invest, the French platform Just Mining has just launched its staking service for Ethereum 2.0 . In partnership with Exaion , a subsidiary of the EDF group, let’s find out in detail how it works.
Participate in ETH staking with Just Mining
With Just Mining, you can invest in staking from 0.5 ETH , while delegating the technical aspect to the platform. But Just Mining is not content with outright delegation of your ETHs.
By partnering with Exaion, Just Mining will develop a competitive infrastructure to minimize node management costs. For this service, Just Mining charges a 7.5% fee on the interest received from your staking. To put it simply, an investor will receive all of his rewards, reduced by 7.5%.
By entrusting your ETH to Just Mining, it will also be possible to participate in the governance of the network. With Exaion, Just Mining makes decentralization a point of honor , with clients preserving their rights to governance.
Just Mining therefore offers 3 investment solutions :
If you do not yet have ETH: it is possible to buy it directly in euros or in cryptocurrencies on Just Mining;
If you have ETH: you can deposit them on Just Mining for the staker;
If you have ETH on Just Mining: staking can be done through reinvestment.