Staking on Ethereum requires a certain technical background and especially a minimum of 32 ETH, which represents significant obstacles for the majority of investors. Based on this observation, the French Feel Mining platform offers a staking service on Ethereum 2.0 without any technical constraints and accessible from 1 ETH.
Ethereum 2.0 – A revolution for the world of cryptocurrencies
Much of the cryptocurrency ecosystem relies on a single network, Bitcoin Bank. On its own, Ethereum hosts a massive amount of applications and tokens, which it has struggled to maintain since the rise of decentralized finance (DeFi). Ethereum’s current technical capabilities no longer meet its needs, transactions have become very expensive and take a long time to complete.
The developers then worked on a major update, Ethereum 2.0. This new version of the protocol, which is still in development for a few years, has already entered service in a limited version, phase 0. By migrating from Proof of Work (PoW) to Proof of Stake (PoS) , Ethereum 2.0 is already eligible for staking , allowing holders of Ethers to generate passive income .
However, the accessibility of staking on Ethereum 2.0 is less, especially if you do not pass a trusted third party. To be eligible for staking, you must hold at least 32 ETH , or more than € 15,000 at the time of writing these lines. In addition, this investment opportunity requires sufficient technical background to maintain a network node oneself.
These are the barriers that make ETH staking complex and prevent a majority of investors from taking advantage of it. However, there is a solution to go through these financial and technical prerequisites, delegate its Ethers to a trusted third party , here the French platform Feel Mining .
Generate income with ETH staking on Feel Mining
Based on this observation, the Feel Mining platform has therefore set up a new offer dedicated to staking on Ethereum 2.0 , making it as accessible as possible.
Thus, Feel Mining breaks the barrier of the 32 ETH necessary to start staking on Ethereum 2.0. From 1 ETH , you too can generate passive income with your Ethers.
To do this, Feel Mining offers 2 investment options :
If you don’t have ETH: you can buy ETH directly on the platform, either with euros or with cryptocurrencies;
If you already hold ETH: you can deposit them on Feel Mining and start your staking.
Feel Mining Ethereum
In addition to making staking much more accessible from a financial point of view, Feel Mining also takes care of all the technical part . No more need to set up an Ethereum node on your side and maintain it for several years, Feel Mining takes care of all this aspect for you.
As of this writing, the interest rate for staking on Ethereum 2.0 is 12.8% per annum . This fluctuates automatically depending on the number of ETH stakes on the network. The more ETH there is in staking, the more the interest rate will decrease. Variations in this interest rate are therefore frequent, and Feel Mining is not responsible for them.
It is therefore relatively wise to participate in ETH staking now if you are interested in it, or if you already have it, in order to take advantage of a preferential interest rate.
Be aware, however, that ETH staking is special. The minimum duration of staking is planned for at least 2 years . This duration is not fixed and depends only on the progress of the development of Ethereum 2.0. Thus, your ETH stakes will be locked and inaccessible during this transition period.
Regarding the rewards generated by staking, these should be available towards the end of 2021, when phase 1.5 or 2 of Ethereum 2.0 has been deployed.
For its staking service on Ethereum 2.0, Feel Mining charges a 7% fee on the income generated . Note, however, that to reward the first arrivals, Feel Mining offers management fees for the first 3 months for any contract taken out before December 31, 2020 .