{"id":499,"date":"2023-03-17T13:09:41","date_gmt":"2023-03-17T18:09:41","guid":{"rendered":"https:\/\/www.stakepark.xyz\/?p=499"},"modified":"2023-05-08T15:55:30","modified_gmt":"2023-05-08T20:55:30","slug":"what-is-ethereum-staking","status":"publish","type":"post","link":"https:\/\/www.stakepark.xyz\/what-is-ethereum-staking\/","title":{"rendered":"What is Ethereum Staking?"},"content":{"rendered":"\n
Ethereum staking is a process that allows you to earn rewards for helping maintain the Ethereum blockchain. It’s similar to mining, but instead of solving complex math problems with your computer’s GPU, you simply deposit and enter staking contracts via liquid staking protocols or delegators.<\/p>\n\n\n\n
See also: what is liquid staking<\/a>?<\/p>\n\n\n\n Staking is a way to earn money by helping maintain the Ethereum network. You can stake with any supported Ethereum wallet that has some ETH in it (the minimum amount required varies depending on which staking contract you choose).<\/p>\n\n\n\n Staking provides two benefits: returns on your coins and security for the network<\/strong>.<\/p>\n\n\n\n The first benefit is obvious – you get paid for holding onto your coins! You’ll receive rewards based on how many coins you’ve staked, typically expressed in APY (annual percentage yield).<\/p>\n\n\n\n The second benefit is how the Ethereum blockchain works, now that it is based on Proof of Stake<\/a> (POS). When you stake, you are effectively providing security to the network. The more people who stake, the stronger the network becomes. As a staker, you are helping to secure Ethereum by acting as a validator on its blockchain.<\/p>\n\n\n\nBenefits of Ethereum Staking<\/h2>\n\n\n\n
Unstaking Ethereum<\/h2>\n\n\n\n