In the past months, Ethereum left its old working principle behind and switched to Proof of Stake, which is now an environmentally friendly working principle.
ETH 2.0 (Merge) update; It has become more functional in terms of scalability, security and sustainability, and thanks to this update, transactions made on the network are no longer carried out in the confirmation system made with the physical graphics card. “Cryptocurrencies consume a lot of energy and harm nature” from the media and third parties. In this way, he was saved from his perception.
The Merge merger moved from Proof of Work to Proof of Stake operating principle last October, without any change in the network. During the merger, the network did not stop, transactions continued and the update was successful. Additionally, the PoW version continued as Ethw.
How Do We Gain Advantage?
Normally, by staking 32 ETH, we can start confirming transactions on the Ethereum network and earning ETH coin rewards. But in order to benefit from these rewards, we need to set up Node and constantly spend time and money on it.
There are platforms that provide Node services in different ways. However, minimum lock-in amounts start at a fairly high level and some deduction is made from returns.
But there is an easier and more cost-effective way to do this with a competitive annual rate of return…
How is ETH 2.0 staking done on Binance? What is its difference from others?
Binance provides us with an annual return rate of up to 11.20% thanks to 2.0 ETH staking.
When you lock Ethereum, it gives you BETH at a 1:1 ratio. We will also talk about Beth in a moment.👇
Instead of locking 32 Ethereum, you can start locking with as little as 0.0001 ETH. 👍
We can follow these steps to participate in ETH 2.0 staking via Binance. 👇
1-Log in to your Binance Account.
2-2. Now let's go to the Binance ETH 2.0 staking page, you can find it here. 👇
🔗 https://www.binance.com/tr/eth2
Click “Stake”, enter the amount you want to lock and click “Confirm”. ⬇️
This way, you can easily stake with just 3 clicks. ✅
During the ETH 2.0 staking period, BETH rewards will be distributed daily based on users' BETH balances. ⬇️
The amount of ETH to be withdrawn is determined by your current BETH balance, not by the amount of assets originally staked. ✅
For example, when you stake 100 ETH, you will receive 100 BETH at a 1:1 ratio. On the withdrawal date, if you have a balance of 110 BETH as a result of the transaction and distribution of chain rewards, you will receive 110 ETH back. ✅
Additionally, Binance covers all validator running costs for users on its ETH 2.0 staking service.
So what is BETH? 🔍
BETH is an Ethereum hedge offered by Binance. BETH is a token that can be used instead of Ethereum on Binance and is used in Ethereum 2.0 staking transactions.👍
At the same time, thanks to the use of BETH, you are not exposed to the congestion and transaction fees of the Ethereum network.
As you can see, staking ETH 2.0 on Binance is very easy.
In addition, it appears as an ETH 2.0 staking alternative accessible to everyone with its advantageous APR rate and low investment limit. ⚡️
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