Explore InfStones' ETH staking guide and learn how to earn passive income by participating in the cryptocurrency network. This comprehensive guide offers detailed insights and best practices to help you maximize your earnings through Ethereum staking. Whether you're a beginner or an experienced staker, our tutorial provides the essential knowledge you need to succeed in staking!
What Is Ethereum and ETH Staking?
Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It is powered by its native cryptocurrency, ether (ETH), and utilizes self-executing smart contracts to automate various applications beyond just cryptocurrency transactions. Ethereum transitioned to a more energy-efficient proof-of-stake consensus mechanism in 2022 and has grown to become the second-largest cryptocurrency ecosystem.
ETH staking involves locking up your Ether (ETH) to become a validator on the Ethereum network, verifying transactions and earning rewards in newly minted ETH. It requires a minimum 32 ETH deposit and provides a more energy-efficient way to secure the network compared to mining, while also increasing decentralization.
What Should You Know about ETH?
The staking information is highlighted in the table below:
| Item | Detail |
|---|---|
| Minimum Staking Amount | 32 ETH for each validator node. No minimum staking amount for liquid staking. |
| Rewards Distribution | Automatically distributed to the stake address. |
| Unbonding Period | ~27 Hours. |
| Compounding | No auto compounding. |
How to Stake ETH with InfStones?
Follow step-by-step Ethereum staking guide below!
Step 1: Navigating to the Staking Section
Navigate to Safe Stake on your InfStones dashboard and click "Stake Now" button. Select "Ethereum" and confirm that you want to stake on the "Ethereum Validator Node".
Step 2: Connect Wallet
Select your preferred option and complete the connection request.
Step 3: Enter Allocated Amount
After connecting your wallet, you will be prompted to enter the number of ETH tokens you wish to stake. Enter the number and confirm that you have sufficient funds in your connected wallet.
The EigenLayer Native Restaking feature is optional; enabling it will earn you extra rewards. Click the "EigenLayer Native Restaking" button and paste your EigenPod address. Learn more at Restake ETH on EigenLayer with InfStones.
Step 4: Complete Payment
After clicking the "Stake" button, you have to pay the necessary fees to complete the staking process and get your validator up and running. Choose your preferred payment method and complete the payment to proceed.
After your payment is confirmed, please wait a few moments for the staking process to complete. Once the process is finished, your Ethereum will be successfully staked.
How to Claim Ethereum Reward?
After successfully staking your ETH, you can manually claim your reward by following the steps below:
Step 5: Claim Rewards
To claim your staking rewards, navigate to your Ethereum staking page and check your "Unclaimed Reward" balance. If you have any rewards available, you can claim them by clicking the "Claim Reward" button.
You can preview the rewards available to claim. Once ready, simply click the "Claim Reward" button to complete the process.
Your staking account should now be credited with the claimed rewards.
How to Unstake Ethereum ($ETH)
Unstaking is straightforward for Ethereum stakers:
Step 6: Unstake Ethereum
To unstake your ETH tokens, locate the validator they’re staked on (you can use the search bar to find your validator). Next, go to detail page, click "Unstake" button as shown below.
Next, connect your wallet and confirm your token amount. Ensure that the wallet you’re connecting with is the same one you used when staking your tokens initially; otherwise, you’ll receive an error message.
Click the "Unstake" button and sign the unstake message in your wallet to complete the process.
Why Stake with InfStones?
User-centric experience:
- Intuitive staking experience with graphic interface.
- Seamless integration with various wallets.
- Standardized and consistent logic across different protocols.
Secure and reliable infrastructure:
- 2000+ service days with 0 slashing.
- Non-custodial staking.
- Trusted by Binance, CoinList, BitGo, OKX and more.
Comprehensive support and resources:
- 24/7 professional support.
- Extensive guiding documentations.
InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.
InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.