ETH 2.0 Staking

What is staking?

Staking is the act of locking up ETH to give you the right to participate in block proposals on the network. Anyone who holds even a small amount of ETH can consider staking.

Why stake your ETH?

Earn rewards

Rewards are given for actions that help the network reach consensus. You'll get rewards for running software that properly batches transactions into new blocks and checks the work of other validators because that's what keeps the chain running securely.

Better security

The network gets stronger against attacks as more ETH is staked, as it then requires more ETH to control a majority of the network. To become a threat, you would need to hold the majority of validators, which means you'd need to control the majority of ETH in the system–that's a lot!

More sustainable

Stakers don't need energy-intensive computers to participate in a proof-of-stake system–just a home computer or smartphone. This will make Ethereum better for the environment.

How to stake your ETH via Jade Wallet?

You need to run a node to stake. To activate your own validator, you'll need at least 32 ETH. Please follow the official guide https://launchpad.ethereum.org/en/ to become a validator.

1. You need record the parameters (pubkey, withdrawal credentials, signature, deposit data root) required by the deposit contract during setting up the node.

2. In Jade Wallet, go to ‘Discover → ETH 2.0 Depositor’. Please select a wallet in which there is at least 32 ETH.

3. Fill the parameters.

4. Click ‘Deposit 32 ETH’ to submit and create a transaction order.

5. Confirm and cosign the transaction with other wallet members.

6. Jade Wallet will broadcast the signed transaction to Ethereum.