How to Stake
Enterprise ETH Staking with Pier Two
While Ethereum staking began in November 2020, it wasn’t until the Shapella hard fork in April 2023, that the ability to stake and unstake on demand was activated. Since the Merge in September 2022, which changed the consensus mechanism of Ethereum from Proof-of-Work to Proof-of-Stake, it resulted in a dramatic reduction (99.988%) in energy consumption. The combination of both has seen demand for ETH Staking increase. Approximately USD$- worth of ETH is staked on Ethereum.
Rates
- Staking Rate3.30%
- SlashingPartial loss of stake
- Reward FrequencyEvery 7-8 days
- Withdrawal Time5-8 days (pending withdrawal queue)
How to Stake
Staking ETH is a simple process.
ETH Staking generates rewards for helping to secure the Ethereum network and ensure its smooth operation. Constant optimisation ensures our clients win with best-in-market performance. The Control Centre enables customers to manage their validators in one place. With access to monitor validators and rewards, exit validators on demand, create customised reports at any time and generate an API key to plug ETH staking into other environments. When launching new validators, you will confirm the Withdrawal Address (cannot be changed) and Fee Recipient Address (can be same as Withdrawal Address or different, where execution rewards are directed). Each validator requires a minimum and maximum 32 ETH, and will be assigned its own validator ID. Pier Two is designated as the operator of those validators. You can set-up and fund Ethereum validators from most custody solutions with support via Fireblocks, WalletConnect, MetaMask Institutional, Ledger, Trust Wallet, and others. Native staking of ETH with Pier Two via BitGo and Zodia is available now.
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Frequently Asked Questions
Who controls the ETH when it is staked?
Clients retain full control of their ETH via the selected custodian or controlling their Withdrawal Address. Once committed, ETH is moved to the Ethereum Beacon Chain smart contract, an audited and core security mechanism of the Ethereum blockchain. All rewards are directed to the specified Withdrawal and Fee Recipient addresses that you nominate and control.
How much ETH do I need?
You will need exactly 32 ETH per validator to stake with Pier Two.
What is the activation time?
After funding, each validator has an activation time of 16-48 hours, depending on the entry queue.
Can I be slashed?
Yes, slashing may occur for protocol violations (double attestation, double proposal, or surrounding attestation events) when a validator deviates from protocol rules, resulting in a penalty. Slashing events are rare and usually involve minor penalties (~1 ETH). Pier Two offers safeguards to minimise these risks.
How easy is it to cancel ETH staking?
With Pier Two, clients can independently exit validators through the Control Centre, API, wallet or custodian integrations, on demand. This withdrawal process typically takes up to 8 days, but can be expedited. After which, all staked ETH is returned to the nominated Withdrawal Address.
Why Pier Two
Why Pier Two
Pier Two offers a premium service, competitive fees, high performance infrastructure and world class customer support.
Pier Two holds ISO 27001 certification and offers customers 99.99% uptime and slashing coverage.
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