Three years ago, in 2020, the Ethereum ecosystem underwent a significant evolution moving to the Proof-of-Stake (PoS) consensus mechanism and introducing staking, which is now regarded as one of the most important events in the entire blockchain history. Since then, a diverse array of Ethereum staking opportunities have emerged, each finding its unique market fit and catering to various investor needs and preferences.
Among the forefront of these developments is Everstake, a reliable validator with a global audience of over 685,000 stakers and zero ETH slashing history. This article explores all the options that you can use to stake ETH with Everstake, including those that will become available in 2024.
0.1+ ETH Staking Pool
Everstake offers an Ethereum staking solution that significantly lowers the entry threshold from the standard 32 ETH to just 0.1 ETH, making it more accessible to a broader range of potential stakers. The solution has numerous advantages for those willing to stake less than the network-mandated 32 ETH.
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Highest lifetime APR: Everstake offers a lifetime APR of nearly 7% for Ethereum staking, making it one of the highest-yielding services among top-tier validators.
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Reliability: Everstake boasts zero slashing events on the Ethereum network, near-perfect uptime, and operates over 10,000+ ETH validators with over 320,000 ETH staked.
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Control: This non-custodial solution ensures that stakers retain full control over their ETH.
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Proven security: The security of Everstake's staking service for amounts over 0.1 ETH has been verified through audits by ChainSecurity and Ackee.
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User-friendly: The process of staking ETH with Everstake is simple by design.
Institutional ETH Staking
Everstake also offers an ETH staking solution designed for security, reliability, and ease of use, with a focus on maximizing return on investment for institutional ETH holders. The minimum staking amount is the network-mandated 32, and higher stakes are incrementally 32.
Users maintain complete control over their funds, with the flexibility to unstake and withdraw at any time without needing to contact Everstake. Additional advantages of using Everstake for institutional ETH staking include lower fees, compensation options, and customized reporting. This solution addresses various risks and challenges associated with ETH staking, ensuring a secure and future-proof service from the outset.
The solution's code has been thoroughly audited by Blaize.Security, a leading Web3 ecosystem security firm, and received a perfect 10/10 score.
SSV.Network
Everstake is a verified operator on the SSV.Network. We employ the Distributed Validator Technology (DVT) to enhance the security of the Ethereum network.
DVT mitigates security risks by distributing the key management and signing responsibilities among several operators within one validator, thus significantly lowering the likelihood of a single point of failure. This is achieved by fragmenting the private key of a validator across various nodes organized into a cluster. Such an arrangement dramatically increases the resistance to unauthorized access, as the complete key isn't held on any single device.
Additionally, this setup implies that, if individual nodes go offline for whatever reason, this will not affect the overall validator performance. Everstake has demonstrated a notable performance, with an estimated 99.95% efficiency for 76 validators.
Learn how to run a validator on SSV.Network →
Liquid Staking
Lido
Lido is a prominent liquid staking protocol for Ethereum and Polygon, managed by the Lido DAO (Decentralized Autonomous Organization). It allows ETH holders to earn staking rewards without entirely locking up their assets, including the amounts well under the network-mandated 32 ETH, in exchange for the Lido liquid staking token, stETH, that can be used in various DeFi applications.
Notably, the APR in liquid staking is usually lower and less stable than in traditional staking. In March 2023, one could stake ETH with Lido at 5.9%, while in late 2023, it lowered to 3.8%. This is compensated, however, by the greater flexibility of liquid staking.
The stETH tokens one receives in exchange for the staked ETH can be used across the DeFi ecosystem, enabling users to engage in various activities like lending, borrowing, and trading while their original ETH accrues staking rewards.
Importantly, liquid staking is associated with certain risks that are non-existent in traditional staking, so users must be fully aware of them. Those risks include smart contract risks, liquidity risks, and the possibility of stETH depegging from ETH, among others.
Everstake has been a Node Operator since the Lido on Ethereum Wave 1 onboarding in 2021. This onboarding process involved careful selection based on specific criteria to ensure the security, reliability, and performance of the network.
Note that staking ETH with Lido does not imply that the entire stake goes to Everstake or any other particular operator. Instead, it is distributed among all participating operators, which includes Everstake.
Coming Soon
Obol
Obol Network is another innovative platform leveraging the DVT, particularly the Distributed Validator Launchpad that was introduced to facilitate the easy and secure setup of DV clusters. This launchpad guides users through the entire process, from setting up the cluster configuration and conducting a distributed key generation (DKG) ceremony to ultimately verifying that the cluster is live. This way, the project tries to lower the technical barriers, reduce errors, simplify coordination, and improve security for the entire process of creating a new DV cluster. As a result, Ethereum staking can become more accessible and secure for a broader range of participants.
Everstake has been actively involved with Obol since the earliest testnets. It has successfully run a DV validator within a cluster as part of the Alpha Mainnet, being one of the 45 validators to undertake this work.
Currently, Obol is in its mainnet beta phase. Staking for users will become available after the release.
EigenLayer
EigenLayer is a protocol on Ethereum that introduces the concept of restaking, which enables users to reuse their staked Ethereum (ETH) tokens for additional validation and security services beyond the Ethereum network. Restaking creates a new dimension in crypto-economic security by allowing users to repurpose their locked ETH to provide security for other applications built on the Ethereum network. This approach consolidates security pools and enhances Ethereum's overall security infrastructure.
One of the critical advancements of EigenLayer is the introduction of Actively Validated Services (AVS), which are security service protocols integrated into EigenLayer. EigenDA, an EigenLayer AVS developed by EigenLabs, is the first to have been launched, providing a decentralized and high-throughput data availability service.
Everstake is among the 30 node operators in the EigenDA testnet, the first AVS on EigenLayer. The selection of Everstake as a node operator was based on our impeccable level of professionalism, solid experience, and performance.
EigenLayer is currently in the Stage 2 testnet phase. The team anticipates launching the Stage 2 mainnet in the first half of 2024, marking a significant milestone in the development of the protocol.
Conclusion
Whichever option suits you best, staking ETH enables you to do your part in increasing Ethereum’s resilience against attacks and, in return, earn staking rewards.
Everstake understands the importance of providing diverse options for all kinds of users. To do that, we continuously adjust our services to the direction where Ethereum is evolving.
Our team is dedicated to delivering an exceptional Ethereum staking experience, providing ETH holders with an unparalleled service characterized by near-perfect uptime and high rewards across various staking options. With Everstake, you can be confident that your ETH is safe and at its most efficient.
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