History Of Stacking Ethereum (ETH)

[Pagla]

Staking is the process of locking an amount of cryptocurrency for a particular time period to contribute to blockchain technology and earn network rewards. As of now, nearly 9 million ETH have been staked on Ethereum’s Proof of Stake system. This amount of ETH is locked until withdrawals are authorized while 8% of ETH stake reflects a bit of confidence in the network’s future.

As a matter of fact, the great news is that Rocketpool, an ETH staking pool went live in November. Besides, their much-anticipated debut went off without a hitch while anyone can join Rocketpool as a node operator. Moreover, anyone as a node operator can join if they are ready and able to give half of the needed stake for activation.

More Information

[Jamal Aezaz]

I use Nexo myself. It offers a base 6% if I'm not mistaken that goes up depending on if you own nexo tokens. Unlike alot of other places, you only need 10% in Nexo to earn the highest %. I used to use Celsius until I learned that it takes 24 hours everytime you want to send to a withdrawl to a new address. Plus you get daily intrest payouts with Nexo.