Ethereum 2.0 has opened a new world of opportunities for generating passive income, driven by the introduction of staking and liquid staking solutions. Stader Labs is among the most prominent platforms offering users security, profitability, and simplicity. This guide will explore how to utilize Stader Labs with Everstake to maximize your staking rewards.
What is Stader Labs?
Stader is a non-custodial, smart contract-driven staking platform that facilitates easy discovery and utilization of staking solutions. It is an essential staking middleware infrastructure for various Proof-of-Stake (PoS) networks, catering to retail cryptocurrency users, exchanges, and custodians. To learn more about Stader Labs, including a complete review, check out this overview article.
What is ETHx?
ETHx, Stader Labs' liquid staking token, represents the value of staked ETH and the accumulated rewards over time. It provides liquidity to users staking through Stader, allowing them to retain access to their staked value while earning staking rewards. With ETHx, users can trade, hold, or invest in DeFi applications while their ETH continues to generate rewards, offering flexibility and convenience. Now let's dive into the details of ETH staking with Stader.
How to Stake ETH with Stader
This guide will walk you through the steps of staking ETH with Stader. Note the important details to consider.
Step 1. Start staking
Go to the official Stader website, and click Stake now.
Step 2. Choose ETH
Choose ETH from available networks, and click Stake now once again.
Step 3. Connect your wallet
- Click Connect wallet in the upper right corner of the page, accept terms of service and connect your preferred wallet from the list of available options.
You can connect MetaMask, Coinbase, OKX, Rabby, Math, SafePal, Trust, Coin98, Bitget, Exodus, Coinhub, Nabox, Frontier and Imtoken wallets directly or use WalletConnect for even more options. Check the full list of Ethereum wallets supported by WalletConnect.
- Approve the connection in your wallet.
Step 4. Choose the amount
- Enter the amount of ETH you would like to stake.
You can start liquid staking with small amounts of ETH without having to generate verification keys. But for solo staking, the minimum deposit is 32 ETH, which is required to run a validator node on the Ethereum network.
With ETHx, the threshold for users to begin staking is remarkably low, allowing you to start with an investment as minimal as $1.
- Check Gas Fees.
In some instances, $10 worth of gas is needed to make a $1 transaction. Be aware of Ethereum's gas fees before initiating transactions. High gas fees can significantly reduce your net returns from staking.
- Check the amount of ETHx you will receive and click Stake ETH
Step 5. Confirm the transaction
Confirm the transaction in your wallet and wait for it to be processed.
Once your transaction is confirmed on the Ethereum blockchain, your ETHx balance will appear in the Stader app. Done!
Explore DeFi opportunities
ETHx is Staderlabs’ flagship liquid staking token, allowing you to navigate the world of liquid staking effectively. ETHx has 100M+ in TVL, along with 205+ node operators. With ETHx's 10+ integrations, you can explore the endless possibilities of DeFi. ETHx has a multi-pool architecture, including permissionless and permissioned pools, with DVT soon to be added.
To explore DeFi opportunities, go to the DeFi section.
What is a minimum staking period?
There is no minimum staking period for Ethereum 2.0. Users can stake and unstake immediately. However, stakers staking their ETH with Stader will receive rewards from Day 1 (subsidized by Stader).
Therefore, you can withdraw your ETH from staking at any time. The unstaked ETH will not be immediately added to your wallet as there is an unstaking period of 7-10 days, subject to entry and exit queues on the Ethereum network.
Conclusion
Do you want to maximize passive income while supporting the Ethereum network's security and growth? Then consider staking ETH through Stader Labs and Everstake. With Stader's secure and user-friendly platform, you can easily stake any amount of ETH while maintaining liquidity through their ETHx liquid staking token. This offers flexibility, enabling you to earn rewards while accessing various DeFi opportunities.
Everstake ensures your safety as a trusted validator, helping you navigate staking seamlessly. Happy staking and we'll see you in the next guides!
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