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Topic: Best way to stake ETH 2.0 for noobs (Read 147 times)

member
Activity: 168
Merit: 10
March 31, 2021, 09:22:23 AM
#2
OK so you've listened to my wise advice and you've bought BETH on the secondary market and are now earning that sweet 100% of on-chain rewards that Binance throws off. What do you do now? If you're like me, you probably want to add a little bit of spice to your latte as you HODL, so have a look at the chart:

You can see that BETH trades in a pretty tight declining range, so I've been selling at the top of the range and buying at the bottom.

A few points to note:
1. Price is declining and converging, so it's getting harder and harder to pick the top and the bottom of the range, but it's currently well above trading fees
2. You obviously don't earn stake when you're back in ETH
3. You're going to get a trade very rarely
4. There's a chance that your sell is never hit, but since you're HODLing BETH you probably don't care
5. There's a chance that you sell and can never buy back at the price you sold, but I personally think as more people buy BETH and realise that they want to get out for whatever reason, prices will go down
member
Activity: 168
Merit: 10
March 17, 2021, 09:33:19 AM
#1
Just a heads up, the best way I've found to stake ETH is on binance.com, they are passing on 100% of the on-chain rewards. You can convert your ETH to their token called BETH, which has a secondary market so your not locked in until ETH 2.0 comes out.

Best way to convert to BETH is on the secondary market (currently a 5% discount) - https://www.binance.com/en/trade/BETH_ETH

DO NOT convert 1 to 1 on the main page (https://www.binance.com/en/eth2)

You can also stake BETH in some of the binance launchpool projects, but it seems to stop you earning your ETH 2.0 stake.

This is much easier than running your own ETH 2.0 validator node, but if you want to go down that path Kudos to you.

Any questions, hit me up below, happy to help.
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