The Ethereum 2.0 beacon chain is expected to go online on December 1. There are two main ways to participate in pledge: self-built nodes and pledge service providers.
Original title: “Don’t want to miss the Eth2 pledge? How do ordinary coin holders participate”
Written by: Daisy
At around 10:30 this morning, the Ethereum deposit contract received 524,288 ETH from more than 16,000 validators, and the phase 0 beacon chain of Eth2 will be officially launched on December 1st as scheduled.
Data source: https://launchpad.ethereum.org
Although Eth2 has reached the staking threshold for startup, there are not many ordinary users involved. One reason is that the current pledge threshold is too high for ordinary users. There are currently two main ways to participate in pledge: self-built nodes and purchase of pledge service providers.
Self-built node
The tutorial of self-built nodes can be found by searching online, but this method is more suitable for geeks who know a little bit of technology, and not suitable for ordinary users. As mentioned in the previous article “Ethereum 2.0 deposit contract activation, you need to know these” , self-built nodes will be deducted from the pledged ETH if they encounter software failures or the network is offline for a long time when running the validator node program. .
In addition, the deposit of 32 ETH may be pledged for more than two years. According to the unit price of 3,000 yuan, the value of 32 ETH is close to 100,000 yuan. The annualized interest rate of the pledge is between 4.9% and 21.6%. If the rate of return can be stabilized above 20%, it would be very impressive. However, if the number of verification nodes continues to increase in the later stage, the rate of return drops to 4.9%. Considered.
Therefore, for ordinary coin holders, the most appropriate way to participate in Eth2 pledge must not be self-built nodes.
Provide your own ETH to the pledge node service provider
Staking service providers on the market now include InfStones, Hashquark, Stkr, Rocketpool, etc. Pledge service providers can be divided into two types: centralized and decentralized. The difference between the two is whether the private key (withdraw key) for withdrawing funds is in the hands of the user after the pledge is unlocked. However, there is no more mature decentralized pledge custody solution, and the more highly available solutions are provided by centralized service providers.
At present, Hashquark, Stkr, and Rocketpool support the method of “combining orders”. For example, Stkr supports users to pledge at least 0.5 ETH, and they can “combine orders” with other investors to collect 32 ETH, and the proceeds will be distributed proportionally.
In order to balance the problems of centralization and decentralization, the ETH pledged by Stkr users will enter the Stkr contract, and the assets will be stored in the deposit contract. The withdrawal authority is also controlled by the contract. Stkr plans to use the community DAO program governance to weaken the degree of centralization .
In addition to the degree of decentralization of the pledge service provider, ordinary currency holders also need to consider these three issues when making a choice:
1. Are the service providers reliable and will they run away?
The pledged ETH may take 2 years to withdraw. If the service provider runs away during this period or closes down due to poor management, it will cause the user’s asset loss.
2. What mechanism does the service provider use to protect the security of the pledged assets?
If the service provider is fined due to network disconnection, software failure, etc. during the pledge process, will the loss be borne by the user or the service provider, or is the risk shared?
3. Can the pledged assets obtain liquidity?
After ETH is deposited in the contract address, it will temporarily lose its liquidity. The principal and interest may not be withdrawn until two years later, just like a fixed deposit in a bank. To this end, some pledge projects provide liquidity solutions. For example, Stkr will issue aETH to the market based on the ETH deposited by users into its smart contract. aETH represents the user’s mortgage deposit certificate in the Eth2 network, which can be flown and traded.
At last
The above-mentioned problems when choosing a service provider, if you do your homework on the Internet to investigate all the pledge service providers on the market, it takes time and effort and the information obtained may not be accurate. But don’t worry, imToken, as a recommended wallet on the Ethereum official website, will conduct in-depth research on these service providers on the market, integrate high-quality pledge solutions on the wallet side and launch it in the near future. Users who are interested in ETH pledge can follow imToken, and we will synchronize the latest information as soon as possible.
Source link: mp.weixin.qq.com
