Introducing Valid Points: The Risks and Rewards of Staking on Eth 2.0
With the activation of Phase 0, there’s a new use case for Ethereum’s native cryptocurrency, ether (ETH). Active validators on Ethereum 2.0 are on average earning 0.00403 ETH/day, or $2.36/day at time of writing, for their participation on the network.
Which takes us to Ethereum 2.0 also known as Serenity, a proof-of-stake (PoS) blockchain promising stable returns on ETH deposits. A PoS network, Eth 2.0’s rewards are denominated in ether and adhere to a distribution curve dependent on participation and average percent of stakers.