Ethereum (ETH) staking

On September 15, 2022, Ethereum migrated from Proof-of-Work (POW) to Proof-of-Stake (POS) algorithm, which made it possible not to mine ETH, but to stake it and get passive income without using mining equipment and high energy costs.

 

Ethereum (ETH) staking in Trustee Wallet is done using the Lido.Fi DeFi protocol using the stETH token. You can add this token to the main screen in the "Add Asset" tab.

 

The yield of ETH staking is 4-7% per annum and depends on the amount of blocked Ethereum on the validator address, as well as the average validators online.

 

How to stake ETH in Trustee Wallet read in our detailed article-instructions with step-by-step description of each action.

 

Important! You need to leave a free Ethereum balance on the wallet to pay the network's transaction fee for staking and withdrawal from staking.