您现在的位置是:Binance US introduces Ethereum staking ahead of The Merge >>正文
Binance US introduces Ethereum staking ahead of The Merge
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛31人已围观
简介The US subsidiary of Binance has today announced that it will introduce an Ethereum (ETH) staking pr...
The US subsidiary of Binance has today announced that it will introduce an Ethereum (ETH) staking program ahead of the upcoming Merge upgrade. The staking program will have an annual percentage yield (APY) of up to 6.0%.
Unlike direct staking on the Ethereum blockchain which normally requires one to have at least 32 ETH to participate, the Binance staking will only require a minimum of 0.001 ETH.
While commenting on the new development, the CEO of Binance Brian Shroder said:
“ETH plays a critical role in the broader Web3 ecosystem. As the Ethereum network continues to transition towards The Merge, we are thrilled to offer ETH staking with some of the highest APY rewards in the industry.”
The staking yields
The program’s staking yields will be in part enhanced by features like the Binance US’ automatic restake that allows for compounding of returns.
However, those who stake their ETH at the movement will not be able to unstake the ETH until Ethereum performs its first transaction on its Proof-of-Stake (PoS) blockchain once the Merge upgrade takes place.
The merge is slated to take place on September 15 although the high Ethereum hashrate may result in the upgrade happening earlier than expected. Users will be allowed to withdraw their staked ETH from the Ethereum network after another upgrade referred to as the “Shanghai Upgrade” which depends on the successful completion of the Merge upgrade.
Nevertheless, because of the complexity of the upcoming Merge upgrade, there is no guarantee of a smooth transition and users’ funds are subject to risks such as protracted return on the invested funds or loss of the funds in case the upgrade fails.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/579686.html
相关文章
Enjinstarter IDO investors win big with AI
Binance US introduces Ethereum staking ahead of The MergeSingapore, Singapore, August 1st, 2023, ChainwireLaunchpad delivers 142.4% ROI YTD thanks to careful...
阅读更多
AltSignals’ stage two presale tops $1.2M: Should you invest now?
Binance US introduces Ethereum staking ahead of The MergeKey takeawaysAltSignals’ stage two presale has already raked in over $1.2 million.The presale...
阅读更多
Exploring the bullish case for AltSignals in 2023
Binance US introduces Ethereum staking ahead of The MergeAltSignals has built a successful trading signal service since 2017The platform will tilt towards an...
阅读更多
热门文章
- Trade on Uniswap Via Twitter Using New Mask Widget
- Optimism price prediction: Is OP a good investment?
- UTU Coin Crowd Sale Sells Out In Minutes
- Compound Price is in Recovery Mode. Is it a Buy?
- Ripple (XRP) consolidating above $0.23 but at risk if bears break major support level
- Weekly Roundup of Cryptocurrency News 03/06/2022
最新文章
Uniswap (UNI) hits $1 trillion in trade volume despite the 2022 price slump
Alchemy Pay token ACH is up 13%: here’s where to buy ACH
DeFi Dips: Top coins to buy while the price is low
Huobi Announces Strategic Partnership with TradingView
AltSignals outlook: Impact of the Huobi insolvency rumours
Theta Network (THETA) rallies over 7%: Here is why