Seeking Yield by Staked - Issue 92: ⛓️ Tracking ETH2, 📰 Staked Media Mentions, 📱 Elrond Maiar Wallet, 📊 Current Staking and Lending Yields, & More
This is the ninety-second issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.
⛓️ Tracking Eth2
The purpose of this section is to track the progress of ETH2 development. Over $2.7b worth of ETH has now been staked! Some stats:
- ETH deposited to deposit contract: 2,330,050
- Current staking yield: 11.9%
- Active validators: 55,358
- Pending validators: 16,899
If you hold ETH and would like to learn more about staking, please reply directly to this email or submit your information below.
📰 Staked in the media
Our first contribution is from Tim Ogilvie, the founder and CEO of Staked. Staked helps investors earn yield from staking and DeFi without taking custody of their crypto assets.
“My favorite Ethereum chart shows the daily gas usage. I love it because it’s one part of the great story that I expect will propel ETH over the next few years. There are three legs to the stool:
- Our chart. People are using ETH with increasing frequency, driving increased gas demand.
- EIP-1559, introducing Fee Burns. This is an upcoming Ethereum improvement that will take all of the gas demand and use it to burn ETH. The more ETH gets used, the more ETH supply gets burned.
- Eth 2: Ethereum’s transition to proof-of-stake, allowing for low issuance of new supply while providing strong security guarantees.
“Bitcoin has an amazing story as an asset with a fixed supply of 21 million BTC. Ethereum’s story has the potential to be even stronger. If gas usage exceeds supply issuance, you’ve now got a digital asset with a steadily declining supply.
“My 2021 prediction: This becomes the dominant story around ETH’s valuation and it drives significant price appreciation.”
📱 Elrond Maiar Wallet
📊 Current Staking Yields
Staked currently supports 30+ different proof of stake crypto assets including Ethereum, Cosmos, Polkadot, Algorand, Tezos, Dash, Orbs, Horizen, Livepeer, Factom, Terra, Kava, Cardano, v.systems, Secret Network, Edgeware, and Celo.
📊 Robo-Advisor for Yield (RAY)
Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, USDC, and BUSD holdings.
📜 Developer Docs
Interested integrating the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business today?
Integrating RAY is as simple as dropping in a few lines of code. Furthermore, partners looking to offer staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.
👉 Reply to this email to speak with the Staked team about getting started today!
Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, ParaFi Capital, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.