Self-Custody Staking

Created by Ethos Support, Modified on Tue, 05 Mar 2024 at 06:18 PM by Ethos Support

Unlock the Future of Staking with Our App: Introducing rETH & stETH

The Magic of rETH and stETH, Simplified:

Imagine owning a piece of economic activity of a city or a country?! Blockchains can be thought of as such virtual cities and countries. You’ve heard of Ethereum (ETH) - it’s the second largest blockchain by market cap and the one where most of the activity is happening. People are utilizing its blockchain to build all sorts of apps and protocols that generate economic activity for the blockchain stakers. Becoming a staker is expensive, as you need to hold ~$70k worth of Ethereum. It’s also somewhat technically advanced to figure out how to stake your Ethereum. 

Meet Ethereum’s, dynamic duo, rETH and stETH! These aren’t just regular tokens; they represent the future of staking. And now, our app proudly supports them, making it easier than ever for you to dive into this new realm! 

  • rETH (Rocket Pool Ethereum): Think of rETH as your tokenized representation of staked Ethereum. For every rETH you hold, there’s a specific amount of Ethereum that’s staked on your behalf, and our app always shows you the current exchange ratio. It’s like having a backstage pass to Ethereum staking without doing the technical heavy lifting.

  • stETH (Lido Staked Ethereum): stETH is another form of staked Ethereum, but with a twist. Every day, at 12 pm UTC, stETH adjusts its value to account for the new staking rewards. Imagine waking up daily to see your tokens naturally growing. And with our in-app countdown, you'll always know when the next adjustment is!

Why Our App's Integration is a Game-Changer:

  • Simplified Swaps: Seamlessly swap into rETH or stETH without hopping between platforms. It's as easy as choosing what you want and letting our app handle the rest.

  • Stay Informed: With real-time exchange ratios for rETH and daily countdowns for stETH rebasing, you're never in the dark. Knowledge is power, and our app keeps you empowered.

  • Unlock DeFi Potential: rETH and stETH bridge the gap between staking and decentralized finance. Our app makes it simple for you to get in on the action without needing to understand all the technical jargon.

Why is This Feature So Amazing?

? Complexity, Be Gone! - DeFi is revolutionary, but let’s face it, it can be complex. Our app takes away that complexity by making staking very straightforward.

? Boost Your Crypto Strategy: Dive into the world of liquid staking. By holding rETH or stETH, you are effectively earning staking rewards. It's like having a savings account, but cooler.

? Stay Ahead of the Curve: As Ethereum moves towards Proof-of-Stake, rETH and stETH are becoming increasingly relevant. By integrating them, our app ensures you stay ahead in the crypto game.

In Conclusion:

Staking in Ethereum is evolving, and with rETH and stETH, you're looking at the future. Our app's integration is more than just another feature; it's your passport to simplified, efficient, and rewarding staking. So, why wait? Dive in, and let’s reshape the way you stake!

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