 Grow Your ETH, Become a Staker For the next 250 000 ETH Staked through our platform, we are guaranteing a stable 24.8% APY for the next 12 months. The entire amount (100% of your staked ETH plus the 24.8% APY for next year) will be available to you within the hour in the form of stETH. To become a Staker on the Beacon Chain, you need to deposit a minimum of 3.2 ETH. No one owns Ethereum or the smart contracts that live on it – this gives everyone an opportunity to stake ETH for stETH. This also means no one can change the rules on you. DeFi products all speak the same language behind the scenes: Ethereum. This means many of the products work together seamlessly. You can lend tokens on one platform and exchange the interest-bearing token in a different market on an entirely different application. This is like being able to cash loyalty points in at your bank. You will be able to spend your stETH immediately!
Staking and Validating is a long-term commitment. Transfers between stakers aren't possible yet. You will have to wait until the mainnet merges with the Beacon Chain (around one year) before you can withdraw or transfer your ETH. You're joining a network in its early stages. As with any new piece of software, there is the potential for software bugs. While unlikely, potential bugs may result in slashing. As a staker, you'll need to have funds at stake so you can be penalized for behaving dishonestly. In other words, to keep you honest, your actions need to have financial consequences.
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In An Effort to Accelerate The 🤘 Growth of The 🤣🤣🤣 Ecosystem Ethereum Grants Foundation Offers An Enticing 29% APY
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