Binance US launches low-barrier Ethereum staking ahead of The Merge

[florencewolfe]

Binance US has launched its own Ethereum staking service with returns more attractive than those of its closest competitors.

On September 7th Binance US expressed a 6% APY Ethereum Staking service offering 6% of its users' initial annual percentage yield.

According to Binance US, this new feature will allow users to start ETH Staking with a minimum of 0.001 ETH an amount much more accessible than the 32 ETH required to be eligible as an Ethereum validator.

Read full news at: http://cryptounity.news/binance-us-launches-low-barrier-ethereum-staking-ahead-of-the-merge

[Muneeb]

Binance is a great website which start so many services on their website like the trading and also the staking services and this is the top site in the crypto market. Binance exchange is one of the best exchange and again they start a new and best service about the ETH staking and I hope the crypto lovers will must join this staking system and make the benefit.

[Etrilicious]

Yeah, it's quite interesting that everyone is buying into the Eth Merge. They also announced that the Ethereum staking program will have an annual percentage yield of up to 6.0%. Unlike direct staking on the ETH network, which could require a huge 32 ether, well, that's out the window. However, 0.001 ETH would be required under the new service introduced by Binance US, but the risk still applies. I find this very good, as the entry barrier into the staking domain is lowered by the minimum ether requirement by almost 90%. This is really big. I give Brian Shroder a big thumbs up for offering one of the highest APYs in the industry to deliver maximum value.

[saimlypk]

ETH plays a critical role in the broader Web3 ecosystem. As the Ethereum network continues to transition towards The Merge, we are thrilled to offer ETH staking with some of the highest APY rewards in the industry.

[Etrilicious]

ETH plays a critical role in the broader Web3 ecosystem. As the Ethereum network continues to transition towards The Merge, we are thrilled to offer ETH staking with some of the highest APY rewards in the industry.

Exactly. The Web3 is going to be fantastic. I'm curious about what developers will create. Despite the fact that Web2 has unquestionably boosted our wealth and convenience, it has also introduced new issues as a result of its server-client structure, which means that centralized commercial firms control and own the data. Web3 will change all of that by dismantling the market dominance of these centralized firms and replace them with distributed ledgers, the most prevalent of which is the blockchain. This is where Eth and Binance come into play. This is fantastic. I'm just curious how banks will evolve.