ETH Staking for Institutions with Everstake

The Ethereum Network is rapidly evolving, and the recent Shanghai/Capella upgrade has taken it to the next level. With ETH withdrawals now enabled, the leading Proof-of-Stake (PoS) blockchain has become the most appealing option for staking, and experts predict a surge in demand in the months ahead.

Everstake wants to provide ETH holders with a secure, reliable and user-friendly ETH staking solution that is customized to their needs and optimized for maximum ROI. To achieve this goal, Everstake is working to overcome the challenges associated with ETH staking to date. However, the lack of a native delegation system on the Ethereum blockchain has presented a problem for holders, wallets, and other Web3 service providers, limiting their options. These latter include:

1. Taking on the burden of resources and time to set up and run their own validator infrastructure, and managing significant risk without the required technical expertise (or the challenges of bringing that expertise in-house).

2. Holding assets on a wallet or platform with its own ETH staking solution/UI. 

3. Participating in liquid staking exposes assets to additional layers of risk.

At Everstake, we are committed to addressing these challenges. Thus we developed the simplest and safest possible non-custodial ETH staking solution, giving our partners maximum security and control. We’ve removed the complexity and streamlined the staking process into a single step (1-click staking.) This simplifies the delegation flow and provides a convenient staking experience for ETH holders on the Ethereum blockchain.

Staking ETH with Everstake

Everstake is a responsible validator trusted by 625k+ users. With a team of over 125 experts running more than 8,000 nodes for 70+ blockchain protocols, Everstake has established itself as a trusted and reliable validator. 

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The institutional ETH staking (by Everstake) stands apart in addressing the full suite of risks and challenges associated with staking, providing ETH holders with a future-proof and secure solution from day one. These ensure safety, performance, and control for ETH holders, setting it apart from other staking solutions available in the market.

Simplicity

We’ve stripped the ETH staking process down to the bare essentials, hiding the complexity, maximizing clarity and minimizing the potential for missteps or errors. And all this is packed into a user-friendly interface.

High APR and Uptime

Everstake’s lifetime APR is the highest amongst top providers in the market, steadily marching towards ~7% according to Rated. 

With 6,200+ ETH validators running, Everstake is also one of the largest staking providers on the network, with zero slashing events recorded. Our historical uptime has hovered close to 100%, keeping potential risk to your assets (and rewards) near zero. 

The consistent uptime, along with our operational strength, scale and stability allow us to guarantee compensation in case of slashing. This gives our partners peace of mind and the opportunity to take full advantage of the maximum upside and industry-leading ROI without worrying about any risks. 

Our commission model allows us to offer volume-based fees, with a significant reduction on the base commission for higher stake amounts. Please contact us and we would be happy to provide you with a customized proposal.

Security

Being a responsible validator entails a lot of work, but what is the responsibility in question? First and foremost, it’s the responsibility towards users and partners, which means our reliability and security.

That’s why our solutions go through multiple internal tests and third-party audits. This rigorous approach was also applied to our staking for institutions code, which was put to the test by the renowned Web3 ecosystem security provider, Blaize.Security. They conducted a series of tests and analyses to challenge our solution, ensuring it meets the highest standards of security and integrity.

The solution and its underlying smart contract both withstood intense scrutiny and passed Blaize’s rigorous assessment process. Everstake successfully passed the audit, received a fantastic score – 10 out of 10 – and earned a “Highly Secure” rating on overall security. You can find a summary of the audit and a detailed audit report here.

Perhaps most importantly, our staking process is designed to ensure that there is no period or step during which your ETH could become lost or vulnerable, whether due to malicious parties or a human error.

Custody and Control

When you stake with Everstake, your assets are tied to your selected withdrawal addresses and a dedicated Gnosis Safe multisig. Our pre-deployed validators execute staking in real-time, ensuring that there is no lag time in the process. 

While this incurs a significant additional cost that some providers may choose to avoid, it guarantees that your assets are immediately staked to the blockchain upon executing the smart contract. This means that your assets are never exposed or vulnerable.

Gnosis Safe multi-sig is the most trusted ETH management platform on the market. This ensures your ETH can only be withdrawn by you and only to your selected addresses.

You are in control of the necessary 2 (out of 3) keys of your Gnosis Safe multi-sig, meaning you remain in full control and custody of your staked ETH. Everstake provides the third key to ensure that you always have access to your funds. By leveraging this secure and flexible solution, you can participate in ETH staking with confidence, knowing that your assets are safe and accessible at all times.

Your Disaster Recovery Safety Net

As far as we can tell, our disaster recovery feature is a first in the market. Available exclusively to Everstake staking partners, it puts you in complete control, enabling you to recover your funds from our validators independently.

Any user of our Institutional ETH staking solution can stop the node, complete the validator exit independently and withdraw their ETH anytime without Everstake. 

What else?

As an institutional ETH staking partner we are happy to offer you: 

• High % cashback and reduction of our standard 10% commission with an increasing amount of staked ETH;

• Compensation in case of slashing;

• Custom reporting and monthly cashback payouts, tailored to fit your needs.

How does it work?

Staking

Below you will find a step-by-step guide on how to stake with Everstake:

1. Contact our Head of Business Development, who will walk you through the staking process and all aspects of the solution, including our infrastructure and performance. We’ll ensure that you have a complete understanding of what to expect when staking with us.

2. After settling on an amount to stake, you fill out a simple form and the team will get your validators deployed and ready to stake. 

3. They’ll also set up your dedicated staking pool and provide you with a link.

4. You can follow this link to your pool, and connect your wallet through Wallet Connect and Metamask. Once you are connected, you’ll be presented with the option to stake.

5. Before staking, you can double-check your withdrawal addresses, and review other relevant information.

6. When ready, complete the stake by checking the Terms and Conditions box, click“STAKE NOW” and confirm the transaction in your wallet. In the upper left corner of your browser, you will see a message confirming that your transaction was successful. That’s all!

You can watch the full process in action by viewing a short demo:

Within the Everstake ETH staking page, you can view and track your dedicated pool, including its status, total stake, transaction history and rewards, alongside other relevant information. 

You can also easily stake additional ETH to your pool.

Rewards

There are 2 sources of ETH rewards that will accrue to your staking pool throughout the staking period:

• Consensus layer (CL) rewards, which Everstake generates for you by participating in validating transactions, running and securing the Ethereum blockchain. 

• Execution-Layer (EL) rewards, which are generated by participating in network optimization through block organization and transaction ordering (MEV and priority fees) by Everstake. 

NB: a validator’s performance within this layer can lead to substantial differences in APR-delivered. 

MEV, or Maximal Extractable Value, will be immediately available for you, once the validator closes a block. Other rewards will be available, based on the number of validators and their queue.

All rewards will automatically and regularly be sent to a provided withdrawal address linked to your validator.

Our APR, being one of the highest amongst the top providers, showcases that Everstake has struck the right balance of implementation models to ensure flexibility and intelligent sourcing of highest-value blocks, alongside consistent and effective execution.   

Unstaking

Unstaking and withdrawal functionality is added to the interface, allowing you to unstake your ETH, withdraw all rewards or “re-stake” your rewards to compound your yield.

Rewards during the withdrawal process 

The process of a validator exiting from staking takes variable amount of time, depending on how many others are exiting at the same time 
in the Ethereum network. The validator will no longer be eligible for rewards, while exiting.

Ready to start? Book a meeting with Ryan Lukas, our Head of Business Development, who will guide and take care of you throughout your fascinating ETH staking journey with Everstake.

To Sum Up

Everstake’s Institutional ETH staking solution puts you in a position to take full advantage of the most attractive staking opportunity in web3. Unlocking maximum upside, reliability and security in one click – with the simplest and safest possible solution, and an overall ETH staking experience no other provider can match. 

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Our retail solution for those who are interested to stake less than 32 ETH is already in the works. It will offer the same degree of security and convenience while allowing to stake as little as 0.1 ETH. Stay tuned for more updates!

Feel free to set up a call with our Head of Business Development and find out the best solution for you. If you have any Ethereum-specific issues or questions or just want to keep up with everything around the Ethereum network, feel free to follow and contact our ETH Blockchain Manager on Twitter.

Also, follow us on Twitter and join our Discord to remain in touch and get assistance if needed.