Back to Basics
Key Takeaways
- The last video in the Back To Basics series for now. Redirecting resources to core company objectives.
- Validators help secure the Ethereum blockchain and are compensated with ETH staking rewards.
- The rate of return, or APY, changes based on various factors.
- There are 4 ways to stake ETH:
Solo staking: Full rewards but requires 32 ETH and relatively high technical knowledge.
Staking as a service: It still requires 32 ETH. Must pay a small fee.
Pooled staking: The most popular option because you don’t need to have 32 ETH. Must pay a small fee.
Centralised exchanges: Usually offer the lowest rewards. The only option with exchange risk. - Staking is not risk-free. Each of the 4 options includes different types of risks. The ‘best’ option for you will depend on your skill level, goals and risk tolerance.
- At the end of the video, we also answer some questions to help you determine which path to take.
00:00 Ethereum
01:17 Eth Staking 101
02:23 Eth Staking Options
02:48 Solo Staking
03:35 Staking As A Service
04:15 Liquid Staking
05:10 Centralised Staking
06:20 Which one?
07:47 FAQ
In light of recent events in the crypto industry, going back to basics can have compounding effects on your cryptocurrency journey.
We are redirecting resources to create more fantastic educational content into 2023!