Dear BigONE users:
According to official Ethereum news, Eth2 staking will start on December 1, 2020. BigONE will participate in validator nodes. The "Eth2 validator Staking pool" is now online enable users participating in Eth2 staking with a low threshold and low cost.
"Eth2 validator staking pool" entrance: https://www.bigonechina.com/en/coffer/pos/66
【Staking Pool Rules】
- Yield: Floating income 4.1%~21.6%, depending on the income received
- Total raised: 3200 ETH
- The minimum investment amount is: 0.1 ETH
- Product Type: Regular products
- This staking pool will be unlocked according to the official release of Ethereum
- Will consider releasing the liquidity of locked tokens according to market conditions
- The staking pool will charge 10% of the staking revenue as a service fee, and all other revenues will be distributed to users
- The income of this staking pool will be distributed to users after we receive the income from the main network
1. Introduction to Eth2
Eth2 refers to a set of interconnected upgrades that will make Ethereum more scalable, secure and sustainable. Realize the transition from Proof of Work (PoW) to Proof of Stake (PoS).
"Eth2 Validator Node Official Website": https://launchpad.ethereum.org/
2. Development stage
To achieve this transition, Eth2 will be launched in at least four stages:
- Phase 0 contains all the mechanisms behind Eth2's PoS consensus, which tracks verifiers and their balances.
- The first stage deals with adding, storing and retrieving data associated with Eth2's shards.
- The 1.5 stage updated Ethereum from today's PoW to PoS by using it as a shard of Eth2.
- Phase 2 adds execution to the remaining Eth2 shards, which allows the smart contract to run on all shards.
The above four stages are expected to be completed in 2022. Stage 0 does not support account, asset transfer and running smart contracts. The above operations can only be supported when stage 2 goes online. The specific time is subject to official information.
3. Validation node revenue
Creation time of Eth2: The block height is greater than 1,606,824,000, and the estimated time is December 1, 2020. The startup threshold of Eth2 is 524,288 ETH. Reaching this threshold will generate revenue when the genesis block appears.
According to the official reward data, as the number of pledges increases, staking revenue will continue to decline. With the increase in the number of pledges, the income will gradually decrease from a maximum of 21.6%. When the number of pledges reaches 10 million ETH, the rate of return will reach 4.1 %. The Eth2 expected yield curve is as follows:
4. Difficulty of individual user participation
- To configure the server, you need to have sufficient technical capabilities to ensure the normal operation of the Eth2 node, and you need to bear the risks in the process of node operation.
- Each validator needs to lock 32 ETH to the pledge contract, and the threshold for participation is relatively high.
5. BigONE's staking product "Eth2 validator staking pool"
- Low participation threshold, minimum 0.1 ETH start
- BigONE helps users bear the cost of long-term operation and maintenance of servers
- Ensure the safe operation of assets
- The lock-up time of this staking pool will be determined by the development progress of Eth2, and the time period is relatively long (expected to be completed in 2022)
- The Ethereum main-net will not support withdrawal at any time before unlocking the tokens
BigONE, more than just asset security.
November 25, 2020