Coinbase, the largest cryptocurrency exchange in the USA, announced that it will support the Ethereum 2.0 project in November last year, and announced today that it has opened the waiting list for Ethereum 2.0 staking awards.
In the statement made, the return rate of stake was announced as 7.5% per annum:
“The waiting list to earn staking rewards with ETH2 is online starting today. Coinbase customers will be able to earn Ethereum upgrade rewards using the second most popular cryptocurrency after bitcoin.
Staking Ethereum allows investors to earn a return of up to 7.5%. The reason you earn rewards by staking your crypto money is that this staking process will make the underlying blockchain of that asset safer and more efficient. “
It should not be forgotten that the net return will be lower since this interest rate includes a 25% commission.
Coinbase is also expected to issue trade permits for recently staked Ethereums. It is emphasized that this feature is important because Ethereums, which remain locked for ETH 2.0 under normal conditions, cannot be withdrawn until the project reaches the 1.5 stage.
“ETH 2.0 Means Speed, Efficiency and Scalability”
In the statement made, the innovations and features that Etheruem 2.0 will bring were also mentioned.
“Ethereum was launched in 2015 and is currently the second largest cryptocurrency by market cap, after Bitcoin.
But unlike Bitcoin, it was not created as digital currency. Instead, Ethereum was built as a new kind of global decentralized computing platform.
Upgrading the existing Ethereum network to ETH2 is an important and complex effort that will increase network speed, efficiency, and scalability.
The multi-year investment of the Ethereum community will reduce bottlenecks, lower fees and consume less resources (especially electricity). “