Rocketpool V2 if it is accessible.
The new website is far better than the old, a much better user experience
this post was submitted on 15 Nov 2023
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Ethereum
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While it may be well intentioned, we remove posts about scams to limit their potential spread and SEO backlinks. We can only moderate this space, not other platforms where the scam may be occurring.
It will depend on how much Ether you own.
32 = go to Allnodes. Less than that = consider Rocketpool.
In any case you'll need a minimum of knowledge of what your doing to avoid making mistakes.
How does a pull run work with staking companies? Just basically a rug pull or is it all of the stakers moving to a different pool
When you stake on pools like Rocketpool your ETHs are swapped for rETH. In the case the pool has a problem and people need to swap their ETH back, it will depend on the pool's liquidity to fulfill all the orders. If there are not enough ETH (and there won't be enough for that specific moment) to satisfy the demand, the rETH will be worth less than a used pamper.
the popular answer to this question on reddit always seems to be rocketpool, but honestly, I have serious doubts about the longterm survival of that project, given I happen to know for a fact at least 1 of the lead devs has a history of fraud.
I would recommend you look into block scape, as a non custodial solution with market leading yield, which also makes earning yield on ETH + other assets very easy.
Pretty sure this is a scam.
'Block Scape' are not mentioned anywhere in the Ethereum.org's recommended staking services:
https://ethereum.org/en/staking/pools/
https://ethereum.org/en/staking/saas/
Which makes it very suspicious that they have got 20 upvotes in just a few minutes...
And why you got so many downvotes
I would get a ledger hardware wallet and move your ETH to it and then through the ledger app it is dead simple to stake with lido.
Don't use Lido, and don't recommend Lido.
Here's one of the lead builders/researchers from the Ethereum foundation explaining why: https://youtu.be/Y0ddkSa1ZuI
TL;DW: They are a threat to decentralization, their operators already control almost 33% of the validators and their DAO is a farce.
Thanks for the info, I’ll research it further.
I don't understand what's best to use then? Everyone always says don't use lido, the comment above says don't use rocketpool... Is there any safe way to stake??
The one saying not to use Rocketpool is a scammer trying to get you to click on links to their fake platform!
For a fair comparison of the options take a look at the Ethereum.org evaluations of different staking pools:
Currently I have 1 eth in lido What is proper way to move to rocket pool
Please report Exciting-Career-2782
I called out their scam link to 'Block Scape' below, they deleted the comment, blocked me, then reposted it and used bots to upvote it again.
Do not click their link.
You should try out Loopring wallet.
It has multiple investment strategies for ETH, staking is one of them, currently at 4.00%.
Loopring wallet is not a general purpose wallet, its more riskier to keep your funds there.
How is it riskier?
the popular answer to this question on reddit always seems to be rocketpool, but honestly, I have serious doubts about the longterm survival of that project, given I happen to know for a fact at least 1 of the lead devs has a history of fraud.
I would recommend you look into block scape, as a non custodial solution with market leading yield, which also makes earning yield on ETH + other assets very easy.
You could also just stake them on Coinbase?
the popular answer to this question on reddit always seems to be rocketpool, but honestly, I have serious doubts about the longterm survival of that project, given I happen to know for a fact at least 1 of the lead devs has a history of fraud.
I would recommend you look into block scape, as a non custodial solution with market leading yield, which also makes earning yield on ETH + other assets very easy.
Please report Exciting-Career-2782
I called out their scam link to 'Block Scape' below, they deleted the comment, blocked me, then reposted it and used bots to upvote it again.
Do not click their link.
Check out the crypto.com defi app. They take a 15% commission compared to coin bases 25%( could be wrong on percentage). Plus the added benefit of holding your eth in your own wallet. Though it is a hot wallet.
the popular answer to this question on reddit always seems to be rocketpool, but honestly, I have serious doubts about the longterm survival of that project, given I happen to know for a fact at least 1 of the lead devs has a history of fraud.
I would recommend you look into block scape, as a non custodial solution with market leading yield, which also makes earning yield on ETH + other assets very easy.
Honest answer?
Don't stake it. I'm not sure why you've purchased an asset you never plan on selling, but either way, staking a couple eth is not going to earn you very much money in passive income, assuming that's your goal, because you never plan on selling. At the current return of 4.69 you're only earning less than 0.1 eth *per year*. Yay you earned $200 at current value, money that could have easily been made on a couple of trades.
You are not better off on a centralized exchange. If it were me, I'd put it in a hardware wallet and forget about it for a few years. I'd only stake ETH if I had enough to run a node. I wouldnt use lido, I wouldn't use coinbase or any other centralized entity.
Use loopring layer 2 with social recovery to stake in cian leveraged. It pays 10% and it’s non custodial decentralized with security. No middle man !
Understand how APY works. For a quick and dirty its
Lot size * (APY in decimal format) / 365 = Daily earnings
People who tell you 'oh you can make that in a few trades' or you could lose that 'in a few trades.'
You have options; each requires knowledge for each option. You probably won't obtain that knowledge if you try to do without knowing the first time. You'll obtain a lot of stress. Work with the wrong contract, or dapp and poof! Magic its gone.
If your friend can't figure out reddit to make this post, maybe they should gain basic technology literacy skills before entering the world of defi. The basis of which is creating, and storing strong unique passwords properly. Can't do that, then you won't know what to do with your seed phrases and you could leave it laying around, backed up to your documents folder on your windows pc that is already compromised from all of the 'free remote tech support' you are recieving each time your computer acts up (and its basically twice a month, every month)
-Speaking for a friend.
If you're not tech savvy, do you think you should be in charge of manually securing your own cryptocurrency? I would stake on coinbase, and let them handle the security.
Non tech savvy persons would probably be served best by just staking on Coinbase.
Read this as "stalking" options and was like wtf, this is what we've come to!?
Just stake them on Coinbase dude
You need to trust coinbase, go Rocketpool
then you need to trust Rocketpool. I trust Coinbase way more than them
You don't understand. Rocketpool is trustless . All the code is open source so you can check it for yourself if you wish. Not true with coinbase.
I do understand. Open source does not mean without risks.
Does kraken stake eth? I know the used to but then they stopped.
coinbase would be your best bet, otherwise you could use rocketpool to trade your eth for rEth which increases in value over time. So when you trade your rEth back to eth you will have more eth depending on how long it was for.
You can try out concero.io staking feature. It basically aggregates a bunch of staking opportunities and you’ll be able to choose which one you prefer.
PoolTogether. Can hold ETH on optimism. Other chains soon