Please read till the end...
Proof-of-Stake (PoS) marks an important evolution in blockchain networks. This switch away from mining is already democratizing networks and reducing the environmental impact of protocols. Importantly too, PoS is giving token holders a chance to earn yield.
Why You Should Act Before the Merge
the merge is around the corner, you should not wait to stake your ETH.
Since Ethereum 2.0 is already running, you can take action today and start earning ETH ASAP.
Plus, with Blockdaemon you can earn rewards without the hassle of managing your own Eth2 nodes. If you are holding at least 32 ETH, there are benefits for acting early and achieving a first-mover advantage – as is often the case in blockchains and cryptocurrency.
3 Reasons To Stake Your ETH Today:
1. Start Earning ETH ASAP: You Can Already Earn Around 5% Yield
At the moment, your ETH is just sitting there. But it could already be generating returns. If you stake your ETH with Blockdaemon today, you can expect a roughly 5% yield once your validator has been activated. Of course, the long term yield forecast is higher (see point 3), but 5% is still a great staking reward and is infinitely better than zero.
2. Beat The Rush: You Can Get In Ahead of the Queue
When you first stake ETH, your validator joins an activation queue. In some cases, it can take a while for your validator to be activated.
Only four validators can enter the network per epoch (which is about 6.4 min). So roughly 900 Eth2 validators can be added to the network per day. Any validators outside this threshold are added to the queue.
At the time of writing the queue is currently at zero, however, at times it has been between 1-4 weeks.
When the merge finally happens, we anticipate that the queue, and subsequent wait, will increase dramatically. Once you’ve made a commitment to stake your ETH, you want to maximize your rewards as quickly as possible.
Ask yourself, do you want to sit in a holding pattern while others are making gains?
3. Earn More ETH: You Can Expect a Higher Post-Merge Yield
According to respected Ethereum 2.0 researcher Justin Drake, initial post-merge staking yields are expected to be 12%. This is double the expected long term yield level of 6%.
The main reason for staking is to generate yield. If you miss this initial period, you could miss out on maximizing your returns. Especially when you consider the potential activation queue (mentioned above).
Visit www•cryptobase•store to get started today