In this first blog post of many, we introduce StakeWise — the all-in-one platform for ETH staking. Pool your ETH with friends and randoms or host your validator with us, hassle-free. Join StakeWise beta here!
It does not matter whether you are an Ethereum enthusiast or a passive observer, you are likely aware of the upcoming change in the Ethereum protocol. That’s right, the introduction of Ethereum 2.0 will make Proof of Work obsolete and instead employ Proof of Stake as more scalable and cost-efficient method for verifying transactions. The crux is that Ethereum “staking” ie using your ETH to verify transactions in exchange for ETH rewards, will replace “mining” ie using powerful hardware for the same purpose. A minimum of 32 ETH (equivalent to around $6,300 as we speak) is required to start up a node — a “validator” — and start staking in exchange for reward. But what if you don’t have 32 ETH, or worried about your validator experiencing “downtime” that lowers your earnings?
StakeWise.io was created to tackle precisely these challenges. In fact, it is the only resource that you will ever need for Ethereum 2.0 staking, regardless of your ETH holdings. Suppose you have less than 32 ETH to stake. With StakeWise, you can enter into Ether staking pool with others (a feature called “public pool”) or you can do so exclusively with friends (in “group pool”). In both cases we also make validators transferable — this allows you to withdraw ETH from the validator before Phase 2, provided there is a matching pool of 32 ETH entering the platform. If you have 32 ETH to start a validator by yourself, you can choose to host it via StakeWise, avoiding the technically difficult setup process and high infrastructure bills.
StakeWise ensures that your validators are always online and you have full visibility into how much they earn in real time. We employ state-of-the-art Ethereum stack with upgradable contracts and Kubernetes to maximize validator uptime and ensure stability under any load. In other words, we do everything technologically possible to maximize your earnings relative to alternatives. By taking a cut of validators’ rewards, we earn only when our users earn, so our interests are always aligned.
No matter how good staking with StakeWise sounds, it is always best to see for yourself. That’s why StakeWise is the first staking platform to launch a beta running on the Prysm Topaz — the official testnet of Ethereum 2.0 and de-facto rehearsal before Phase 0. Joining is super easy, and you can start staking ETH within 2 minutes (see for yourself). It makes a big difference compared to running validators on your own hardware, as everything is already set up — you just deposit and start staking.
So without further ado, please visit StakeWise.io and go crazy with testing the platform. We do hope you will love it and make it your first choice for staking in Ethereum 2.0!
In the meantime, we are always ready to have a chat about anything on our Discord and Telegram. And of course, all of our contract documentation is available on Github for analysis. Thank you for reading and stay tuned for more!
StakeWise Team
