Staking is now available for Ethereum 2, but are the returns and conditions worth it?
The long awaited deposit contract for Ethereum 2.0 has finally been deployed opening the doors to staking opportunities for ETH holders.
Deposits began in earnest with over $1 million in ETH landing in the contract within the first half an hour according to observers like The Crypto Cactus.
“$1,000,000 locked in $ETH 2.0 in 30 minutes … Just remember for anyone staking, one way bridge.I have sent across 32 ETH.”
At the time of writing, around eight hours after the official announcement, just over 14,000 ETH has been staked according to the ETH 2 Launchpad.