According to documents released by Github, Ethereum 2.0 will be officially released on December 1, and the creation time is scheduled for January 3, 2021.
But an important condition is required. 524288 ETH must be locked in the Staking mainnet contract address. In order to trigger the creation at this point in time, there must be at least 16,384 validators who pledged 32 ETH in the 7 days before December 1. If this threshold is not reached, the creation will not be triggered until 7 days after reaching this threshold (no matter when).
The current Ethereum 2.0 deposit contract address has received 288,768 ETH, and the minimum requirement of 524,288 ETH to start the Ethereum 2.0 creation block has been completed by 55.08%. The progress is a little slow, but V God said in the AMA event of the Ethereum Foundation on November 18 that it is trying to put ETH 2.0 into use as soon as possible.
If everything goes according to plan, we will usher in ETH 2.0 in early December. The arrival of ETH 2.0 also means that POS will receive more attention, and the commercial landscape of staking will soon be opened.
ETH2.0 hits, staking is about to be detonated
Staking and POS can be said to be symbiotic. Ethereum has gradually changed from POW to POS, which brings huge topicality to the staking market.
In fact, in 2019, staking is already very popular, but compared with domestic users, its familiarity rate is not very high, but the gradual approach of Ethereum 2.0 has allowed more domestic users to gradually recognize and participate in staking.
Although Ethereum has made more people familiar with Staking, there are many insurmountable thresholds for staking pledge on Ethereum.
First of all, the time node is not clear. It may take at least two years to withdraw the pledged ETH and rewards. If your behavior in the network is malicious, you may be punished by the system, and lose your pledged ETH according to the network loss ratio.
And because Ethereum 2.0 has not experienced too much trial and error, there are potential code bugs, which may also make you directly lose the pledged ETH.
Another biggest problem is that the Ethereum token on the beacon chain does not have a short-term transfer function, and there is no liquidity at all. That is, for most PoS projects, participating in staking means sacrificing liquidity.
Several characteristics of the POS mechanism determine that staking service providers are an inevitable and important group. If ETH2.0 staking is an opportunity, then projects that provide services or platforms for staking will be the biggest and most direct beneficiaries.
Will Staking service providers under ETH2.0 explode?
In fact, when ETH2.0 has not yet been launched, many staking service providers under ETH2.0 have already been launched. At present, the most representative ones are the following four projects.
1. Stafi, Token is abbreviated as FIS.
Stafi is a staking platform model. Node service providers need to pledge the system token FIS to become a service provider; 70% of the rETH solution income will be the user’s FIS dividends or repurchase destruction, the specific form has not been determined; 21 SSVs need to pledge the corresponding deposit, The total value of the margin needs to be greater than the value of the above ETH asset, and FIS is the only margin payment method.
2. Ankr, Token is abbreviated as ANKR.
Ankr launched a staking platform to connect staking service providers and users. Node service providers need to pledge ANKR to become a service provider; at the same time, ANKR pledges to participate in voting governance; ANKR is the only node fee payment method in the ETH2.0 Staking business system.
3. Blox, Token is abbreviated as CDT. The current circulating market value is 3.9 million US dollars. Blox is staking software service fee income, which will be used for the repurchase and destruction of CDT tokens.
4. RocketPool, token abbreviated as RPL, currently has a circulating market value of 65 million US dollars. Rocket Pool is a platform model. The pledge system token is used as a margin to become a node service provider; Rocket Pool will provide users with a liquidity solution for pledged ETH, and RPL will be used as a liquidity transaction fee payment method.
It is believed that when ETH2.0 is officially launched, staking service providers under ETH2.0 will explode.
