Ethereum 2 Staking — all the details about our new service offering
By: Nathalie Markendorf
Tags: Btcsnews, Ethereum, Staking, Blockchain

Our Service

Here is what we will offer you with our Ethereum 2 staking service:

Stake any amount you wish

If you stake with Bitcoin Suisse, you can participate with any amount you wish. Ethereum 2 only supports stakes with exactly 32 ETH2, but with us there is no minimum requirement for you. We handle the technical operations, maintaining the highest possible security standards.

Conversion and calculation of indicative predicted rewards

You will be able to deposit the amount of ETH you would like to stake in your Bitcoin Suisse staking account. We will subsequently perform the technical placement of your ETH in the deposit smart contract, thus converting your ETH to ETH2. The conversion will be done without us charging you any fee.

Technical setup and maintenance

During the early development of Ethereum 2, it is assumed that Ethereum will do several changes in the protocol, so-called hard forks. To ensure the highest uptime, we will secure and monitor the deposited stakes, and regularly perform necessary updates to the staking software. Each server will contain automatic monitoring functions to trigger alerts to our operational staff. These functions will seek to prevent wrongful staking operations, which could cause penalties and slashing.

Read more about penalties and slashing in ETH2 Matters — Validator Economics.

Re-staking of funds

When ETH2 become transferable on Ethereum 2, you will be able to reinvest your staking rewards at Bitcoin Suisse. Since a new validator requires exactly 32 ETH2, you would need to have a reward of at least this worth to be able to reinvest (“re-stake”) — hard to reach when you’re not a billionaire!

Nevertheless, our optimization of staking allocations enables this type of reinvesting, meaning that the sum of the rewards resulting from your stake plus your original staking amount will be re-staked on a frequent basis. Over time this will earn you more ETH2 than if you did not do re-staking.

Fee

You will retain 85% of the earnings from the incoming rewards. Bitcoin Suisse will use the remaining part to cover costs associated with the infrastructure setup, protocol upgrades, maintenance, and servers.

Further services

Collateralized Lending

When we see the new market for ETH2 reaching sufficient maturity, we plan to offer the possibility to pledge your ETH2-stake as collateral for a loan, thus offering you the opportunity to earn rewards from staking while at the same time providing you with fiat liquidity.

However, you can already now take collateralized loans in other, major crypto assets with Bitcoin Suisse. The crypto assets pledged as collateral are stored in the hyper-secure Bitcoin Suisse Vault.

Find more information on our collateralized lending offer here.

Trading the rewards

Once transfers of ETH2 are enabled, Bitcoin Suisse offers you to trade your earned staking rewards into another crypto or fiat currency. You will be able to trade on an ongoing basis as well, our Trade Desk will be notified and will perform the trades tailored to your preferences. The resulting amount will promptly become visible on your Bitcoin Suisse online account, listed under the respective currency.