Ethereum Ethereum (ETH) Staking guide

<!--kg-card-begin: markdown--><h3 id="table-of-contents">Table of Contents</h3> <ul> <li><a href="#T1"><span style=" font-size:16px"> What is Ethereum (ETH) Staking? </span></a></li> <li><a href="#T2"><span style=" font-size:16px"> Why stake Ethereum (ETH) with P2P? </span></a></li> <li><a href="#T3"><span style=" font-size:16px"> What does the Ethereum (ETH) staking process look like?<br> </span></a></li> <li><a href="#T4"><span style=" font-size:16px"> Ethereum (ETH) staking guide </span></a></li> <li><a href="#T5"><span style=" font-size:16px"> P2P Ethereum (ETH) Staking FAQ </span></a></li> </ul> <h2 id="what-is-ethereum-eth-staking-a-namet1a">What is Ethereum (ETH) Staking? <a name="T1"></a></h2> <p>When staking Ethereum (ETH) we are supporting the network with the additional benefit of earning additional ETH! Ethereum uses “Proof-of-stake” (PoS) as a consensus mechanism, where validators are responsible for reaching a consensus on adding new transaction blocks to the blockchain.</p> <p>To stake Ethereum we need a minimum of 32 ETH. This is because each validator requires 32 ETH to set up and for this same reason staking can only be done in increments of 32 ETH. For example, someone holding 320 ETH will have to set up 10 different validators. Anyone can take part in this consensus mechanism, all we have to do is run a validator (or ask to run it staking-as-a-service provider like P2P.org) and deposit 32 ETH to a special smart contract to activate a validator. This act is called staking.</p> <h2 id="why-stake-ethereum-eth-with-p2p-a-namet2a">Why stake Ethereum (ETH) with P2P? <a name="T2"></a></h2> <p>P2P has been running Ethereum validators since the launch of the Beacon Chain, in December 2020 as part of Lido Validator set. We take care of all the server maintenance and set-up.</p> <p>P2P's Ethereum staking solution is completely non-custodial and each validator is personally set up so there is never any comingling of customer's funds throughout the process.</p> <p>Those that choose to stake with P2P can also benefit from our insurance coverage against slashing events.</p> <p>In short, the benefits are:</p> <ul> <li>High performance and uptime</li> <li>Slashing insurance</li> <li>Personal staking dashboard</li> <li>Secure non-custodial staking</li> <li>Experienced DevOps team</li> <li>Part of the LIDO validator core set since inception</li> <li>24/7 monitoring of machine and protocol metrics</li> </ul> <h2 id="what-does-the-ethereum-eth-staking-process-look-like-a-namet3a">What does the Ethereum (ETH) staking process look like? <a name="T3"></a></h2> <p>To set up a validator we first need the following information:</p> <ol> <li>Specify the amount of stake - 1 validator per 32 ETH;</li> <li>The withdrawal address.</li> </ol> <p>Please note that once set, the withdrawal address cannot be changed. A different address can also be specified to receive rewards.</p> <p>Following the reception of this information, the validators are set up and a link to the deposit page will be sent out. This process can take up to 24 hours.</p> <p>Once the staking deposit is sent, the validator will be created via our <a href="https://github.com/mixbytes/audits_public/tree/master/P2P.org">audited immutable smart contract</a>. After a period of 16 to 24 hours, the validators will become active and start earning rewards.</p> <p>Ethereum staking rewards are divided into 2 parts. Around 30% of the rewards can be withdrawn and are paid on a monthly basis while the rest is locked and can only be withdrawn after the Shanghai upgrade coming in 2023. Please note that this lock on rewards is not imposed by P2P but is a current feature of the Ethereum network.</p> <p>Once the validators are up and running P2P will set up and email each staker a personalized dashboard that can be used to track rewards and validator metrics.</p> <h2 id="ethereum-eth-staking-guide-a-namet4a">Ethereum (ETH) staking guide <a name="T4"></a></h2> <ol> <li>To start staking go to <a href="https://p2p.org/networks/ethereum-staking-service">p2p.org/networks/ethereum-staking-service</a> and click Stake now.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/Captura-de-ecr--2023-01-25-163236.png" alt="ETH staking"> </p> <ol start="2"> <li> <p>A new window will pop up and we can set how much ETH we want to stake and optionally a different withdrawal address. It's important to keep in mind that once the withdrawal address is set it can't be changed.</p> <p>Here we can also set up an alternative wallet to receive MEV rewards. MEV rewards constitute around 30% of the APR and are paid on a monthly basis.</p> </li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/Manual-stake---2-1.jpg"> </p> <ol start="3"> <li> <p>Once everything is set up, we can press continue and we will be taken to a confirmation screen. Here we have one last chance to change the withdrawal and the MEV reward address.</p> <p>After reading and accepting the Ethereum Staking Terms and the Privacy policy we can continue.</p> </li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/3.1.png" alt="ETH staking confirmation"> </p> <ol start="4"> <li>A confirmation screen will pop up requesting that we check our email inbox to verify our email address. The reason why an email address is required is so that P2P can send out the URL to the staking page once the validator is set up.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/4.png" alt="ETH staking confirmation"> </p> <ol start="5"> <li>Once the email address is verified the process of setting up a validator will begin. This process can take from 1 to 24 hours.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/5.png" alt="ETH staking cverify"> </p> <ol start="6"> <li> <p>After the validators are set we will receive a link to resume the staking process (this email should come from a @p2p.org domain). The next and final step is to deposit the ETH into the validators. To proceed click &quot;Send deposits&quot;.</p> <p>For clarification, the ETH is being deposited to the validators via a smart contract. This is the Ethereum equivalent of staking and is necessary to activate the validators.</p> </li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/Aptos-letter-1.jpg" alt="ETH staking cverify"> </p> <ol start="7"> <li> <p>Next, we need to connect our Ethereum wallet.</p> <p>This will be our personal staking page with a prepared staking transaction. What does it mean?</p> </li> </ol> <ul> <li> <p>P2P has set up the validators</p> </li> <li> <p>P2P has prepared a special deposit data file that contains information about the validators' addresses where the ETH will be deposited and the withdrawal address we have set up previously, to unstake in the future.</p> <p>All of this information is available in the Deposit data file.</p> </li> </ul> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/2.jpg" alt="ETH staking cverify"> </p> <ol start="8"> <li> <p>We can stake with a Metamask or a Ledger wallet. There is currently no direct support for Trezor devices. We can stake with a Trezor wallet by first connecting it to a Metamask wallet.</p> <p>Other wallets are also available but the process is more complicated. To use a different wallet please contact P2P via <a href="https://t.me/P2Pstaking">Telegram</a>.</p> </li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/3.jpg" alt="ETH staking cverify"> </p> <ol start="9"> <li> <p>After connecting the wallet we can set the gas price for our ETH transaction. When staking conventionally each validator would require an individual transaction but with a smart contract, we can stake up to 100 validators with a single transaction. This greatly reduces the cost of staking and the chance of human error.</p> <p>Before signing the transaction we should once again check:</p> </li> </ol> <ul> <li>That the withdrawal address is set up correctly;</li> <li>If the recipient address in the transaction matches P2P's deposit smart contract.</li> </ul> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/5-1.jpg" alt="ETH staking cverify"> </p> <ol start="10"> <li>After we set the fee we just need to sign the transaction and wait for it to be processed. Once the transaction is processed we are all done. It can take from 16 to 24 hours for the validators to become active. Once they are in the active set you will get access to a personal dashboard with information about your validator metrics.</li> </ol> <p align="center"> <img src="https://p2p.org/economy/content/images/2023/01/8.jpg" alt="ETH staking cverify"> </p> <p>Those that stake Ethereum with P2P are encouraged to join a personal Telegram chat with some members of our team.</p> <p>To note that while MEV rewards are paid on a monthly basis, 1 Validator only produces on average one block every 62 days. Those staking with only 1 validator should expect their first reward after 2 months. The more validators are staked, the sooner it will happen.</p> <h2 id="p2p-ethereum-eth-staking-faq-a-namet5a">P2P Ethereum (ETH) Staking FAQ <a name="T5"></a></h2> <h3 id="do-i-need-to-pass-kyc-to-stake-eth">Do I need to pass KYC to stake ETH?</h3> <p>No, when working with P2P, there is no need to go through KYC because staked assets never touch our account and are sent directly to the Ethereum network.</p> <h3 id="what-is-the-minimum-amount-of-ethereum-required-to-stake">What is the minimum amount of Ethereum required to stake?</h3> <p>No Ethereum is necessary to run a node. However, it is necessary to stake 32 ETH x [amount of validators] to activate the validators and start getting rewards.</p> <h3 id="what-is-a-withdrawal-address-and-who-owns-it">What is a withdrawal address, and who owns it?</h3> <p>The withdrawal address is the Ethereum address used to unstake and receive rewards. This address is specified once and it can't be changed after the staking deposit is sent, because the network cements the association of a particular validator and withdrawal address. Access to the private key for this withdrawal address is required to unstake (seed phrase). It is also important to note that P2P is not a custodian and has no exposure to the client’s withdrawal private key. P2P will never ask, under any circumstance, at any time for access to the withdrawal key.</p> <h3 id="what-is-a-validator-key-and-who-owns-it">What is a validator key, and who owns it?</h3> <p>A validator key is a private key for maintaining the validator’s work (setting up validators, updating software etc.). P2P owns the validator keys and guarantees the highest standards for protecting these keys from being compromised, breached, or otherwise misused. This is accomplished through Threshold signatures, which are the gold standard for internal/external security threats. This solution is used by leading custodians, crypto banks, and Multi-Party Computation solutions.</p> <h3 id="why-use-smart-contracts-to-stake-eth">Why use smart contracts to stake ETH?</h3> <p>By design, ETH staking requires one staking transaction per 32 ETH. By using smart contracts we significantly simplify staking, reduce the cost of staking and minimize the risk of any human error. Thanks to our <a href="https://github.com/mixbytes/audits_public/tree/master/P2P.org">audited</a> smart contracts it is possible to activate up to 100 validators with a single transaction.</p> <h3 id="can-i-stake-ethereum-with-a-hardware-wallet">Can I stake Ethereum with a hardware wallet?</h3> <p>Yes, it is possible to stake ETH with a Ledger (via native connection) or a Trezor wallet (via Metamask).</p> <h3 id="how-do-i-earn-rewards-from-staking-ethereum">How do I earn rewards from staking Ethereum?</h3> <p>Ethereum rewards are comprised of 2 parts associated with performing validation duties and block creation.</p> <ol> <li>Validation rewards are taken by performing the validator’s duties as an attestation for a block created by another validator, attestation for a block in sync committee and for creating a block. Validation rewards are accrued every 6.4 min and account for around 70% of the total rewards. Currently, these rewards aren’t withdrawable until the Shanghai upgrade. Following Shanghai, it will be possible to:</li> </ol> <ul> <li>Fully withdraw all the staked ETH + rewards and deactivate the validator;</li> <li>Partially withdraw all the Ethereum over 32 to the withdrawal address periodically.</li> </ul> <ol start="2"> <li>Block rewards (priority transaction fees + an additional fee from MEV) are accrued with block creation as a payment from transactions to the validator for including them in the block. It appears once every 62 days on average and accounts for around 30% of the total reward. MEV-boost isn’t a separate type of reward but is a technique used to build a block that will yield the maximum fee. Transaction fees accumulate on a p2p smart contract which is then automatically delivered to the client on a monthly basis after the P2P service fee has been deducted.</li> </ol> <h3 id="can-i-still-use-my-staked-ethereum-while-it-is-staked">Can I still use my staked Ethereum while it is staked?</h3> <p>No, the staked ETH is locked in the Ethereum smart contract and cannot be used.</p> <h3 id="how-does-p2p-take-its-service-fee">How does P2P take its service fee?</h3> <p>P2P takes its service fee from the execution layer rewards. By default, a special immutable smart contract is used to automatically split rewards between the user and P2P by the previously agreed rules. Other invoicing strategies can be employed by prior agreement.</p> <h3 id="how-do-i-unstake-my-ethereum">How do I unstake my Ethereum?</h3> <p>Unstaking will be available after the Shanghai upgrade, which is planned for March 2023. The ustaking time is projected to be 2-3 days depending on the number of validators that want to exit. This process consists of four steps:</p> <ol> <li>There will be an unstaking page, where it is possible to authorize the unstaking process with the withdrawal address via the click of a button.</li> <li>P2P sends the validator a voluntary exit message to the Ethereum network, and your validators move into the exit queue. The validator then ceases participating in block attestation and creation (and stops getting rewards). The exit can take from 16 to 24 hours, but right after Shanghai, this queue may be much longer.</li> <li>After exit, the validator waits 27 hours as the network wants to ensure that it hasn't been slashed.</li> <li>Finally, the validator is moved into the second and final queue. This time, the validator is totally deleted from the network and returns its ETH with consensus layer rewards. This process can take from 16 to 24 hours.</li> </ol> <h3 id="how-does-slashing-work-in-ethereum">How does slashing work in Ethereum?</h3> <p>Slashing punishes validators for actions that are very difficult to do accidentally, and it’s very likely a sign of malicious intent. It’s a really rare event: there's only been 5 slashed validators within the whole network over the last month (or 0.001%). <a href="https://beaconcha.in/validators/slashings">beaconcha.in/validators/slashings</a></p> <p>What is “slashable” behaviour? In a nutshell, it’s a violation of consensus rules in the network. As of right now, it needs to meet three conditions: proposal of two conflicting blocks at the same time, double vote attestation and surround attestation. This can happen due to either an intentional malicious action or misconfiguration of the validator (the most often being, running two of the same validators in the network).</p> <p>Slashing results in burning 1,0 ETH at once, and removing the validator from the network forever, which takes 36 days. During this time, the validator continues to work but can no longer participate in validation and block creation, getting a penalty of around 0.1 ETH in total.</p> <p>For the most part that's the sum of the penalty incurred, but there is also an additional midpoint (Day 18) penalty that scales with the number of slashed validators. This is called &quot;correlation penalty” and it's currently only theoretical and has never been encountered on the Ethereum mainnet. This mechanism is there to protect the network from large attacks. The math for calculation penalty is pretty complicated, but the summary is if there are only 1, 100, or even 1000 slashed validators within 36 days the penalty will equal zero ETH. However, if the number of slashed validators increases to roughly 1.1% of all validators (currently 5.1k), this penalty becomes 1 ETH and an additional 1 ETH for every additional 1.1% validator slashed. So if 1/3 of the network is slashed, the penalty will nullify the whole stake (32 ETH). This mechanism is in place to prevent an attack on the network and it should never be triggered by accident.</p> <h3 id="how-can-slashing-be-prevented">How can slashing be prevented?</h3> <p>There are special mechanisms in place to prevent validators from meeting the slashing conditions called <a href="https://medium.com/prysmatic-labs/eth2-slashing-prevention-tips-f6faa5025f50">slashing protection</a>. These mechanisms usually consist of a database with a signing history which the validator uses to check if the block can be signed (coupled with the default levels of monitoring and alerting protection). Additional protection levels will depend on the validator’s setup. P2P uses double-checking with a separate database at the key-manager stage and secures validators' key’s by Threshold, which means that no single person, even a P2P engineer, can run a second validator and a quorum is required for that. The final level of protection we have in place is an institutional grade slashing insurance.</p> <h3 id="how-can-staking-activity-be-tracked">How can staking activity be tracked?</h3> <p>Anyone who stakes with P2P gets access to a personal staking dashboard that can be used to track rewards and the validators' performance (APR, staking balance, % of blocks created with MEV, attestation rate, missed block, market comparisons, etc.)</p> <h3 id="in-what-geographic-location-is-p2ps-validator-infrastructure-running">In what geographic location is P2P's validator infrastructure running?</h3> <p>P2P direct staking infrastructure is located in Europe and distributed among 5 separate physical locations for protection from downtime.</p> <h3 id="how-does-p2p-protect-its-validators-from-widespread-outages">How does P2P protect its validators from widespread outages?</h3> <p>P2P validators have no single point of failure and are downtime resistant with back-ups of all critical infrastructure parts between 5 different physical locations, including:</p> <ol> <li> <p>Signing infrastructure - 3 location-independent key managers with 2-of-3 threshold quorum required for consensus;</p> </li> <li> <p>Validators Nodes - we have a reserve in a secure region ready to be activated within a maximum of 1 minute in case of an outage;</p> </li> <li> <p>Consensus layer nodes - our setup has top-3 consensus layer clients (Lighthouse, Prysm, Teku) simultaneously for diversity and preventing outrages related to soft bugs in one client. It also increases availability for validators.</p> </li> </ol> <!--kg-card-end: markdown-->

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Ethereum Ethereum 2.0 staking - The Beginners Guide

<!--kg-card-begin: markdown--><h1 id="table-of-contents">Table of Contents</h1> <ul> <li><span style=" font-size:16px"> Ethereum 2.0 staking - The Beginners Guide </span> <ul> <li><a href="#T1"><span style=" font-size:16px"> What Is Ethereum 2.0?</span></a></li> <li><a href="#T2"><span style=" font-size:16px"> What Is Ethereum 2.0 (ETH) Staking?</span></a></li> <li><a href="#T3"><span style=" font-size:16px">Why Stake Ethereum for Ethereum 2.0?</span></a></li> <li><a href="#T4"><span style=" font-size:16px">How Does Ethereum 2.0 (ETH) Staking Work?</span></a></li> <li><a href="#T5"><span style=" font-size:16px"> Ethereum 2.0 (ETH) Staking Rewards &amp; Fees</span></a></li> <li><a href="#T6"><span style=" font-size:16px"> How Much Do You Make Staking Ethereum?</span></a> <ul> <li><a href="#T7"><span style=" font-size:16px"> When do I get my staking rewards?</span></a></li> </ul> </li> <li><a href="#T8"><span style=" font-size:16px"> How do I Track My ETH 2.0 Staking Rewards?</span></a></li> <li><a href="#T9"><span style=" font-size:16px"> Unstaking Period Ethereum (ETH)</span></a></li> <li><a href="#T10"><span style=" font-size:16px"> How to Stake Ethereum (ETH)?</span></a> <ul> <li><a href="#T11"><span style=" font-size:16px"> Solo Staking</span></a></li> <li><a href="#T12"><span style=" font-size:16px"> Staking as a Service</span></a></li> <li><a href="#T13"><span style=" font-size:16px"> Pooled Staking</span></a></li> <li><a href="#T14"><span style=" font-size:16px"> Centralized Exchanges</span></a></li> <li><a href="#T15"><span style=" font-size:16px"> Why Stake Ethereum with P2P?</span></a></li> </ul> </li> <li><a href="#T16"><span style=" font-size:16px"> Possible Risks of Staking ETH</span></a> <ul> <li><a href="#T17"><span style=" font-size:16px"> What Will Ethereum 2.0 Value Be?</span></a></li> </ul> </li> <li><a href="#T18"><span style=" font-size:16px"> Conclusion</span></a></li> </ul> </li> <li><a href="#T19"><span style=" font-size:16px"> ETH 2.0 Staking FAQ</span></a> <ul> <li><a href="#T20"><span style=" font-size:16px"> What is Ethereum?</span></a></li> <li><a href="#T21"><span style=" font-size:16px"> What is the Ethereum staking APR?</span></a></li> <li><a href="#T22"><span style=" font-size:16px"> How often are staking rewards distributed?</span></a></li> <li><a href="#T23"><span style=" font-size:16px"> Is there an unstaking period?</span></a></li> <li><a href="#T24"><span style=" font-size:16px"> Is there a slashing risk for validators?</span></a></li> <li><a href="#T25"><span style=" font-size:16px"> Is there a minimum staking amount for Ethereum?</span></a></li> <li><a href="#T26"><span style=" font-size:16px"> Do staking rewards compound?</span></a></li> <li><a href="#T27"><span style=" font-size:16px"> What is the Ethereum inflation rate?</span></a></li> </ul> </li> </ul> <!--kg-card-end: markdown--><p>The Ethereum ecosystem has been gaining immense popularity in the last few years. This blockchain platform hosts a variety of DeFi projects and NFTs, while its native coin, ETH, remains the second largest cryptocurrency by market capitalization. Ethereum Foundation, the non-profit organization that supports this system, continuously attempts to improve the Ethereum network, making it more scalable, sustainable, and secure. </p><p>One of the most significant changes that Ethereum is undergoing now is the introduction of Ethereum 2.0, which implies a switch from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) protocol. This upgrade is aimed at solving the problem of fast-growing transaction costs (aka gas costs) and colossal energy consumption by shifting from mining to a staking mechanism. In this article, we will dive deeper into Ethereum 2.0, outline its key features, and provide you with all the important details on how to stake Ethereum (ETH).</p><!--kg-card-begin: markdown--><h2 id="what-is-ethereum-20a-namet1a">What is Ethereum 2.0?<a name="T1"></a></h2> <!--kg-card-end: markdown--><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/SFTx3GHk7QKfs9OyQyk6Y8wLw6LZZPGQJpvB9Cau4pAJi_v5imj0zEDCnelYD_YSPqTbIrq8wtMTNCNcZ_pGM8H98Ka9JQd1zY_i70USWJhNTGAFpeE4nt_r4Mtn9YSRerWeULV3T4ySwdfCKcST2wA" class="kg-image" alt loading="lazy"></figure><p>Ethereum 2.0 (also called Serenity or ETH2) is a number of updates planned by the Ethereum Foundation which are going to result in the ETH network moving from the PoW to PoS consensus protocol. The primary goal of this major network improvement is to solve the issues of scalability, high transaction fees, and energy consumption that have been plaguing Ethereum (ETH) since its inception. <br>The Ethereum Foundation has been working on these long-awaited upgrades for several years now. The first change happened in 2020 when the Beacon Chain was introduced. It opened the possibility of ETH staking. Another upgrade called “The Merge” is planned to occur in 2022. This step will unite ETH1 (the  execution layer) and ETH2 (the consensus layer) into one network. The total shift to the Proof-of-Stake mechanism is expected to finish in 2023 - 2024.<br></p><!--kg-card-begin: markdown--><h2 id="what-is-ethereum-20-eth-staking-a-namet2a">What is Ethereum 2.0 (ETH) Staking? <a name="T2"></a></h2> <!--kg-card-end: markdown--><p>The Proof-of-Work (PoW) consensus algorithm used by the current Ethereum ecosystem implies that miners validate transactions and add new blocks to the blockchain in exchange for rewards paid in ETH. <em>Although this approach has proven to be secure, it has some significant pitfalls. <br></em></p><ol><li><em><strong>Huge energy consumption.</strong> PoW is quite resource-intensive as it requires expensive hardware and a lot of electricity to power it. <br></em></li><li><em><strong>Ever-growing gas costs.</strong> As the network expands, the transaction fees increase. <br></em></li><li><em><strong>Limited scalability. </strong>The current Ethereum network can only process around 15 transactions per second.</em></li></ol><p><br>These issues can be resolved as soon as the Proof-of-Stake mechanism comes out. PoS is a much more efficient and eco-friendly way of validating transactions and adding new blocks to the blockchain. In this approach, instead of mining, there is a staking process in which users stake their Ethereum to validate transactions and earn rewards. As there is no need for expensive hardware or enormous amounts of electricity, PoS is much cheaper and more sustainable than PoW. <em>Moreover, as stakers can validate transactions much faster, Ethereum’s scalability will also improve.</em></p><!--kg-card-begin: markdown--><h2 id="why-stake-ethereum-for-ethereum-20-a-namet3a">Why stake Ethereum for Ethereum 2.0? <a name="T3"></a></h2> <!--kg-card-end: markdown--><p>Every ETH holder might wonder why it’s worth staking. Let’s consider the core reasons.</p><ol><li><strong>Extra income.</strong> Staking is a great way to earn passive returns. As long as you keep your ETH staked, you will continue to receive a percentage of rewards.</li><li><strong>Ethereum network development.</strong> This is one of the ways to support the Ethereum ecosystem and its shifting to the PoS consensus algorithm. If you stake your ETH, you help to secure the network and make it more scalable.</li><li><strong>Sustainability.</strong> Staking is eco-friendly. Unlike mining, it doesn’t require heavy energy consumption.</li><li><strong>Easy to start.</strong> Anyone with a computer can become a staker. It’s not necessary to have expensive hardware or much capital to get started.</li></ol><!--kg-card-begin: markdown--><h2 id="how-does-ethereum-20-eth-staking-work-a-namet4a">How does Ethereum 2.0 (ETH) Staking work? <a name="T4"></a></h2> <!--kg-card-end: markdown--><p>ETH staking implies adding new blocks to the Ethereum blockchain. A user must deposit 32 ETH to become a full validator who is responsible for processing transactions, storing data, and adding blocks. The reward is earned for correctly validated transactions. If a validator submits fraudulent transactions or breaks the network rules, they are punished with a process known as slashing, which means that they could lose part of their investment and be kicked out of the ETH ecosystem.</p><p>There are some alternative ways to participate in staking. If a user doesn’t want to get into the details of this reward-earning approach or deal with hardware, they could make use of staking-as-a-service. For users who are limited in capital, there is an option of pooled staking. However, it’s crucial to remember that these techniques come with certain risks, especially related to the counterparty.</p><!--kg-card-begin: markdown--><h2 id="ethereum-20-eth-staking-rewards-fees-a-namet5a">Ethereum 2.0 (ETH) Staking Rewards &amp; Fees <a name="T5"></a></h2> <!--kg-card-end: markdown--><p>In staking, the amount of the reward is variable. It depends on factors such as the total amount of ETH staked, the length of time it is staked for, and the overall inflation rate. For example, if you stake your ETH for a shorter period, you will receive less reward than if you stake it for a longer time. However, as long as you keep your ETH staked, you will continue to receive rewards regularly. Most commonly, users who stake their ETH take a reward of about 8% Annual Percentage Rate (APR). This means that if you stake 1 Ethereum, you will have 1.08 ETH at the end of the year.<br>When it comes to the fees, everything depends on the platform the staker is using. The amount can greatly vary. For example, Lido takes 10% for ETH staking, Coinbase has a 25% fee, while <a href="https://p2p.org/networks/ethereum">P2P</a> charges a 10% fee.</p><!--kg-card-begin: markdown--><h2 id="how-much-do-you-make-staking-ethereum-a-namet6a">How Much Do You Make Staking Ethereum? <a name="T6"></a></h2> <!--kg-card-end: markdown--><p>As previously mentioned, the amount of money that can be earned from staking Ethereum can vary depending on several factors. The size of the reward is impacted by the amount of ETH that is being staked - the more ETH, the higher the potential reward. Another important factor to take into account is the time the Ethereum is being staked for - a longer period will typically result in more significant profits. In addition, it is also important to consider the current interest rate on Ethereum. The higher it is, the more money can be earned from staking this cryptocurrency. Currently, the average reward from ETH staking fluctuates between 3% - 8% paid annually.</p><!--kg-card-begin: markdown--><h3 id="when-do-i-get-my-staking-rewards-a-namet7a">When do I get my staking rewards? <a name="T7"></a></h3> <!--kg-card-end: markdown--><p>An Ethereum staker gets a reward after each epoch, which usually lasts 6.5 minutes on average. However, it’s important to note that the user should be active during this time to receive it, meaning that they should be online and validating.</p><!--kg-card-begin: markdown--><h2 id="how-do-i-track-my-eth-20-staking-rewards-a-namet8a">How Do I Track My ETH 2.0 Staking Rewards? <a name="T8"></a></h2> <!--kg-card-end: markdown--><p>To track Ethereum staking rewards, the user needs to find their staking address. It’s possible to do it in two ways:</p><ul><li>Find it via transaction history in the blockchain explorer (a tool that allows users to view information about a particular blockchain).<br></li><li>Get the staking address from the wallet and then insert it in the blockchain explorer to find the related information.</li></ul><p>Overall, the process of tracking your ETH 2.0 staking rewards is relatively simple and can be done using either a blockchain explorer or one of the multiple tools that help to track rewards.</p><!--kg-card-begin: markdown--><h2 id="unstaking-period-for-ethereum-eth-a-namet9a">Unstaking period for Ethereum (ETH) <a name="T9"></a></h2> <!--kg-card-end: markdown--><p>The unstaking or undelegation period is the time users must wait to withdraw their ETH if they want to stop staking. This period is required to ensure that all the rewards that have been earned are properly distributed. <br><br>On Ethereum, it is currently not possible to unstake your assets, once they are staked. Withdrawal of staked assets will be enabled in 2023 with the Shanghai upgrade. The unstaking period is variable and depends on how much ETH is queued to be unstaked at the time.</p><!--kg-card-begin: markdown--><h2 id="how-to-stake-ethereum-a-namet10a">How to stake Ethereum? <a name="T10"></a></h2> <!--kg-card-end: markdown--><p>There are a few different ways a user can stake Ethereum. Let’s have a look at them.</p><!--kg-card-begin: markdown--><h3 id="solo-staking-a-namet11a">Solo staking <a name="T11"></a></h3> <!--kg-card-end: markdown--><p>Solo staking means that users stake their ETH and do not pool it with others. This approach comes with the maximum reward since it is not shared with other users. For this type of staking, it’s necessary to invest 32 ETH and have a robust computer with a constant internet connection.</p><!--kg-card-begin: markdown--><h3 id="staking-as-a-service-a-namet12a">Staking as a service <a name="T12"></a></h3> <!--kg-card-end: markdown--><p>This is an easier way for users to participate in staking without having to set up their own validators or run any special software. Instead, they simply deposit their ETH into the provider's smart contract. This model allows for earning rewards without having to bear the full costs and risks of running a validator node. Although Ethereum staking service providers typically charge a small fee, this is often offset by the higher rewards that they offer.</p><p>Staking as a service exists in three forms: custodial, semi-custodial, and non-custodial.<br></p><ul><li><strong>Custodial service providers</strong> completely manage the staking process. They own the users’ validator and withdrawal keys.</li><li><strong>Semi-custodial service providers</strong> don’t hold users’ withdrawal keys, and thus don’t have access to the customer funds, but they do hold users' validator keys.</li><li><strong>Non-custodial service providers</strong> allow users to earn interest on their Ethereum holdings without having to give up control of their private keys.<br></li></ul><!--kg-card-begin: markdown--><h3 id="pooled-staking-a-namet13a">Pooled Staking <a name="T13"></a></h3> <!--kg-card-end: markdown--><p>Pooled staking is when users pool their Ethereum together to have a better chance of validating blocks and earning rewards. This is a great way for users to earn rewards without having to stake 32 ETH. However, it’s crucial to remember that it’s not a native staking method, and thus it comes with increased third-party risks.</p><!--kg-card-begin: markdown--><h3 id="centralized-exchanges-a-namet14a">Centralized Exchanges <a name="T14"></a></h3> <!--kg-card-end: markdown--><p>This staking method has gained particular popularity among ETH holders. A centralized exchange is a suitable choice for users who don’t feel comfortable holding Ethereum in their wallets and managing their keys. Although centralized exchanges typically offer higher rewards than other methods of staking, they also come with the risk of losing ETH if the exchange is hacked or becomes insolvent.</p><!--kg-card-begin: markdown--><h3 id="why-stake-ethereum-with-p2p-a-namet15a">Why stake Ethereum with P2P? <a name="T15"></a></h3> <!--kg-card-end: markdown--><p><a href="https://p2p.org/networks/ethereum">P2P</a> provides non-custodial services for Ethereum (ETH) staking. As previously mentioned, this means that users keep full control of their assets and the platform doesn’t have access to their private keys. </p><p><a href="https://p2p.org/">P2P</a> is a cutting-edge solution that provides its customers with top-notch security, transparency, and strong community support. When it comes to ETH staking rewards and fees, after The Merge, it offers its users a ~8% APR and charges a 10% validator fee. By staking before The Merge, a 0.1 ETH flat fee is charged for every 32 ETH.</p><p>New and existing clients can benefit from a 0% validator fee per quarter when staking more than 320 ETH.<br>P2P is one of the leading Node Operators at LIDO, running thousands of nodes for almost 2 years. By opting for this ETH staking solution, users receive high-quality service and 24/7 expert account monitoring and support.</p><!--kg-card-begin: markdown--><h2 id="possible-risks-of-staking-eth-a-namet16a">Possible risks of staking ETH <a name="T16"></a></h2> <!--kg-card-end: markdown--><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/yboZPMkuwLYbqf0ogKAcgMLlQMbdiWl3y1A9VodxcUbzSvlxLMzwm247h7hwtclbKy8sSqlyjlilukqMcr-f-fs97vBjqoU6ZSijj6cUtQQfkqhyuNXtb9fcMaExSJqjp8lcqZgpyrOwX-aHiv2mqcI" class="kg-image" alt loading="lazy"></figure><p>If you decide to stake your ETH, it’s important to be aware of the risks related to this approach. Let’s have a look at the most significant ones:<br></p><ol><li><strong>Unclear price of ETH 2.0.</strong> The value of Ethereum 2.0 will undoubtedly differ from the current Ethereum price. If it goes down, you will still earn rewards for staking, but the overall value of your investment will decrease. However, if Ethereum 2.0 turns out to be successful, its value is likely to increase along with your potential rewards.<br></li><li><strong>Unstaking.</strong> Users will not be able to withdraw their staked Ethereum by the time Ethereum 2.0 is completely released. This could take a couple of years. Currently, the Ethereum Foundation has scheduled the terminal stage for 2023-2024.<br></li><li><strong>Slashing.</strong> This is the risk of losing some funds. Slashing is a penalty imposed on stakers who fail to comply with the network rules or validate fraudulent transactions.<br></li><li><strong>Private key loss.</strong> If a user loses their private keys, they will not be able to access their ETH, and thus will not be able to earn rewards.<br></li></ol><p>While all these risks are possible, they are also relatively unlikely if you are well aware of the features and limitations of this approach.</p><!--kg-card-begin: markdown--><h3 id="what-will-ethereum-20-value-be-a-namet17a">What will Ethereum 2.0 Value Be? <a name="T17"></a></h3> <!--kg-card-end: markdown--><p>Different crypto experts have various expectations about the Ethereum price in the short- and long-term perspective. However, the majority of them agree that the improvements related to Ethereum 2.0 will push this crypto to enter a bullish market. </p><p><a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Coinpedia</a> expects Ethereum to be traded at about $5,000 at the end of 2023. Moreover, if the ETH 2.0 release turns out to be successful, the value of this crypto could hit a maximum of around $11,000 in 2025.<br><br><a href="https://coinpriceforecast.com/ethereum-forecast-2020-2025-2030">Coin Price forecast</a> also has a positive forecast for the Ethereum price. However, it’s more reserved. This platform believes that ETH will reach the level of about $2,200 by the end of 2022 and will continue growing, approaching $2,800 in 2025.</p><!--kg-card-begin: markdown--><h2 id="conclusion-a-namet18a">Conclusion <a name="T18"></a></h2> <!--kg-card-end: markdown--><p>Ethereum staking could be a great way of gaining extra income. Moreover, this process, in contrast to mining, comes with significantly improved scalability, security, and sustainability. However, before making any decision, it’s crucial to be aware of the risks involved. One of the main issues to take into account is that users will not able to withdraw their staked Ethereum by the time Ethereum 2.0 is completely released.<br><br>If you decide that the advantages of this approach outweigh its potential risks, you need to choose among the several possible ways to stake Ethereum and commence your journey.</p><!--kg-card-begin: markdown--><h1 id="eth-20-staking-faq-a-namet19a">ETH 2.0 Staking FAQ <a name="T19"></a></h1> <!--kg-card-end: markdown--><!--kg-card-begin: markdown--><h2 id="what-is-ethereuma-namet20a">What is Ethereum?<a name="T20"></a></h2> <!--kg-card-end: markdown--><p>Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Its native token, ETH, is the second largest crypto by market cap after Bitcoin. Ethereum is a unique platform that serves as a home for many decentralized applications and NFTs. Currently, the network is undergoing some significant changes which will result in shifting from a Proof-of-Work to a Proof-of-Stake mechanism.</p><!--kg-card-begin: markdown--><h2 id="what-is-the-ethereum-staking-apr-a-namet21a">What is the Ethereum staking APR? <a name="T21"></a></h2> <!--kg-card-end: markdown--><p>In Ethereum staking, the reward may vary depending on the amount of ETH invested, the time it is staked for, the inflation rate, and more. However, the average Ethereum staking yield is about 5.4%.</p><!--kg-card-begin: markdown--><h2 id="how-often-are-staking-rewards-distributed-a-namet22a">How often are staking rewards distributed? <a name="T22"></a></h2> <!--kg-card-end: markdown--><p>Ethereum staking rewards are distributed by stakers every 24 hours. The amount of the rewards depends on the number of ETH tokens staked, the time they are staked for, inflation, and more. However, typically it is around 4% per year.</p><!--kg-card-begin: markdown--><h2 id="is-there-an-unstaking-period-a-namet23a">Is there an unstaking period? <a name="T23"></a></h2> <!--kg-card-end: markdown--><p>Unstaking Ethereum or any other crypto means taking these coins out of the staking pool. There is no unstaking period in the Ethereum network, and your tokens will be transferable immediately upon unstaking. Note that once you have unstaked your coins, they are no longer eligible for staking rewards.</p><!--kg-card-begin: markdown--><h2 id="is-there-a-slashing-risk-for-validators-a-namet24a">Is there a slashing risk for validators? <a name="T24"></a></h2> <!--kg-card-end: markdown--><p>Yes, there is such a risk. Slashing is a type of punishment imposed on users who don’t comply with network regulations or submit fraudulent transactions. This could result in a user losing some of their funds or even being kicked out of the network.</p><!--kg-card-begin: markdown--><h2 id="is-there-a-minimum-staking-amount-for-ethereum-a-namet25a">Is there a minimum staking amount for Ethereum? <a name="T25"></a></h2> <!--kg-card-end: markdown--><p>In general, there is no minimum amount to stake Ethereum. However, there could be some minimum requirements set by individual staking pools. P2P users don’t have to provide any minimum ETH staking amount.</p><!--kg-card-begin: markdown--><h2 id="do-staking-rewards-compound-a-namet26a">Do staking rewards compound? <a name="T26"></a></h2> <!--kg-card-end: markdown--><p>No, Ethereum staking rewards don't compound; most smart contracts do not allow for compounding rewards. This means that users cannot gain interest on their interest.</p><!--kg-card-begin: markdown--><h2 id="what-is-the-ethereum-inflation-rate-a-namet27a">What is the Ethereum inflation rate? <a name="T27"></a></h2> <!--kg-card-end: markdown--><p>The annual Ethereum supply is limited to 18,000,000. This means that its inflation rate has to decrease each year. As a result, in 2022, Ethereum inflation dropped from 1.10% to 0.51% during the first quarter.</p><p></p><p></p>

P2P Validator

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Ethereum Ethereum 2.0 FAQ

<p>If you are looking for information about The Merge we've got you covered. Below you can find answers to the most common questions about the upcoming Ethereum upgrade. </p><p></p><h3 id="what-is-ethereum-20">What is Ethereum 2.0?</h3><p>Ethereum 2.0 (ETH2) is a set of upgrades that looks to make Ethereum more scalable, secure and sustainable.</p><h3 id="will-ethereum-be-renamed-after-the-merge">Will Ethereum be renamed after The Merge?</h3><p>No, Ethereum will still be Ethereum and no new cryptocurrencies will be created. The ticker for the Ethereum token will remain the same, ETH.</p><p>This misconception comes from the fact that for a time ETH on the mainnet was referred to as ETH1 and ETH on the Beacon Chain was referred to as ETH2. After The Merge however only ETH will exist.</p><h3 id="what-are-the-major-differences-between-current-ethereum-and-ethereum-20">What are the major differences between current Ethereum and Ethereum 2.0?</h3><p>There are two big changes happening with the introduction of ETH2.</p><p>The first one will be a shift from Proof of work (PoW) to Proof of Stake (PoS). The second one will be the introduction of shard chains. </p><h3 id="what-is-the-difference-between-proof-of-work-pow-and-proof-of-stake-pos">What is the difference between Proof of Work (PoW) and Proof of Stake (PoS)?</h3><p>PoW is a consensus mechanism that relies on computational power and the expenditure of energy to validate transactions on a blockchain. In PoS validators use capital to validate transactions. This not only helps alleviate environmental concerns associated with PoW but also improves security and scalability.</p><h3 id="when-will-eth2-launch">When will ETH2 launch?</h3><p>The ETH2 launch will be segmented into phases. </p><p>The first phase occurred in December 2020 with the launch of the <strong>Beacon Chain</strong>. The launch of the Beacon Chain marked an important milestone in the road to ETH2, introducing PoS to Ethereum.</p><p>The next phase is called <strong>The Merge</strong> and it is scheduled to happen on September 19, 2022. The Merge represents the fusion of the current Ethereum mainnet with the Beacon Chain. This update will replace the current Proof of Work consensus mechanism with Proof of Stake.</p><p><strong>Shard chains</strong> are a scalability mechanism through which the blockchain is divided among many different nodes thus allowing transactions to be processed in parallel instead of consecutively. This helps drastically improve the network amount of transactions per second. This upgrade is currently expected to launch somewhere in 2023 following The Merge. There has been no confirmed date yet but be on the lookout for announcements.</p><h3 id="what-will-happen-to-my-ethereum">What will happen to my Ethereum?</h3><p>You won’t need to do anything with your Ethereum. The Merge was set up to be a seamless transition for the average user.</p><h3 id="what-is-ethereum-expected-staking-apr-after-the-merge">What is Ethereum expected staking APR after The Merge?</h3><p>The current APR before The Merge is around 4%. After The Merge the best estimates place the APR between the range of 7-11%. </p><p>You can find a more comprehensive answer to this question <a href="https://blog.lido.fi/modelling-the-entry-queue-post-merge-an-analysis-of-impacts-on-lidos-socialized-model/">here</a>.</p><h3 id="will-there-be-a-proof-of-work-fork-of-ethereum-after-the-merge-can-i-get-tokens-on-the-new-chain-if-i-stake-them">Will there be a Proof-of-Work fork of Ethereum after The merge? Can I get tokens on the new chain if I stake them?</h3><p>Yes, there most likely will be a fork of Ethereum after The Merge. Staked Ethereum will probably also not be counted towards getting new tokens in the forked chain.</p><p>There are pros in choosing to stake early rather than wait for the fork. As more ETH gets staked the less rewards are available for each validator. Due to the expected increase in staking APR post-merge one can capture this yield by staking early.</p><p>By waiting to stake one can also risk being caught up in the staking queue that can form if a large number of validators are trying to be created at the same time. This can push the current waiting period to start earning rewards, which currently goes up to 7 days, to a 2 to 4 months waiting period. </p><p>The calculation being made here is between the profit earned from the tokens on the new chain versus the loss of staking rewards for 2 to 4 months.</p><h3 id="what-is-the-minimum-amount-of-eth-i-can-stake">What is the minimum amount of ETH I can stake?</h3><p>You don’t need any Ethereum to run a node. However to validate blocks and earn staking rewards you need to stake at least 32 ETH.</p><p>Running a non-block-producing node is still incentivized since it improves network security.</p><h3 id="how-often-are-staking-rewards-distributed">How often are staking rewards distributed? </h3><p>Withdrawals from the Beacon Chain are not enabled so rewards are not being distributed just yet. You can still earn rewards however. </p><h3 id="will-i-be-able-to-earn-mev-rewards-from-staking">Will I be able to earn MEV rewards from staking?</h3><p>Yes, our APR estimates include MEV rewards.</p><h3 id="is-there-a-slashing-risk-for-validators">Is there a slashing risk for Validators?</h3><p>Yes, there is slashing risk to prevent malicious actions on the network.</p><h3 id="do-staking-rewards-compound">Do staking rewards compound?</h3><p>No, staking rewards do not compound because withdrawals from the Beacon Chain will not be enabled just yet.</p><h3 id="will-the-network-experience-any-downtime-during-the-merge">Will the network experience any downtime during The Merge?</h3><p>No, the network will not experience any downtime. The upgrade was designed to cause no disruption to the network.</p><h3 id="will-the-gas-fees-reduce-after-the-merge">Will the gas fees reduce after The Merge?</h3><p>No, The Merge changes the consensus mechanism from PoW to PoS. Gas fees are dictated by the network usage, future updates will look to address gas fees.</p><h3 id="will-transactions-be-faster-after-the-merge">Will transactions be faster after The Merge?</h3><p>It’s very unlikely. The Merge focus is not on scalability, future upgrades to the network will focus on scalability.<br></p><p>If you are interested in staking Ethereum with P2P, please email us at <a href="mailto:[email protected]" rel="noopener noreferrer">[email protected]</a>.</p><hr><p>About P2P Validator</p><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading staking provider with the best industry security  practices and proven expertise. We provide comprehensive due-diligence  of digital assets and offer only high class staking opportunities. At the time of the latest update, <strong><strong><strong><strong>more than </strong></strong>2.9<strong><strong> billion of USD value is staked with P2P Validator by over 2</strong></strong>5<strong><strong>,000 delegators across 25+ networks.</strong></strong></strong></strong></p><p>Want to stake Ethereum with us? Visit <a href="https://p2p.org/networks/ethereum">p2p.org/networks/ethereum</a>  to find out more about Ethereum staking.</p><p>If you have any questions, feel free to join our<a href="https://t.me/P2Pstaking"> Telegram chat</a>, we are always open for communication.</p>

P2P Validator

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Marlin, Guide, Matic, Ethereum Tutorial: Transferring MPOND from Matic to Ethereum

<p>The following is a step-by-step guide to transferring MPONDs earned in FlowMint stakedrop from Matic to Ethereum, and staking them using the Marlin network for an approximate APR of 10-12%.</p><h3 id="adding-mpond-to-metamask">Adding MPOND to MetaMask</h3><ol><li>To begin, you must <a href="https://p2p.org/economy/how-to-claim-mpond-during-flowmint-stakedrop/">harvest your MPOND</a> from FlowMint stakedrop.</li><li>To see your MPONDs on the MetaMask on Matic, add the MPOND token as a Custom Token in the MetaMask settings. To do so, navigate to MetaMask, click 'Add Token' and input the contract code below:</li></ol><p> MPOND contract - <strong>0x27B064fE4B708fDa0fD0C4ff2b78a1e4DAB812D1</strong>.</p><h3 id="transferring-mpond-from-matic-to-metamask">Transferring MPOND from Matic to MetaMask</h3><ol><li>To begin the process, go to <a href="https://wallet.matic.network/bridge">wallet.matic.network/bridge</a> and connect your MetaMask using the Matic Network add-in.</li></ol><p>When prompted, select the following options:</p><ul><li><em>From Matic to Ethereum</em></li><li><em>Transfer Mode: PoS Bridge</em></li><li><em>Token: Marlin (Mpond)</em></li></ul><p>After configuring details, press Transfer.</p><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/-EPHar6mXzR9g4b_aUHtuwoYeNopbVCum-9xgKtG2oYHAogiNDx8kA39im7CPhDp08P9uywP7hMABMUWXYT2hyes8q2Xk-PUmsUW4ZsiWhdvCi4vXVUY4KfcZCBREuevG0iAeT57" class="kg-image" alt loading="lazy"></figure><p><br>After pressing transfer you will be prompted with a transaction overview screens. Press continue as in the screenshots pictured below. </p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-2.png" class="kg-image" alt loading="lazy" width="2000" height="915" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-2.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-2.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>After confirming the transaction, you have to wait for the initialisation process. You can see the transaction status in the upper right corner. After a successful confirmation, you will pay fee in MATIC.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-1.png" class="kg-image" alt loading="lazy" width="2000" height="774" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-1.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-1.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Once the "Checkpoint" has arrived [see image on the right above], switch the network in the MetaMask settings from Matic to Ethereum and click Continue.</p><p>Sign the transaction on the Ethereum network to initiate the withdrawal of MPOND tokens from Matic to Ethereum.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2021/04/image-3.png" class="kg-image" alt loading="lazy" width="2000" height="1072" srcset="https://p2p.org/economy/content/images/size/w600/2021/04/image-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2021/04/image-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2021/04/image-3.png 1600w, https://p2p.org/economy/content/images/size/w2400/2021/04/image-3.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>After the transaction is signed, you will receive the MPOND tokens on the Ethereum network.  To see the MPOND token in Metamask, use the MPOND contract address on the Ethereum network.  </p><p>MPOND contract address: 0x1C77d15857646687005dbbAfFf5873F4495a9731</p><p>Now you can stake your MPOND tokens! </p><p>Use the following tutorial to <a href="https://p2p.org/economy/stake-pond-with-marlin/">stake your POND/MPOND tokens with P2P Validator</a>.</p><hr><p><strong><strong>If you have any questions, </strong>please stop by the<strong> </strong><a href="https://t.me/P2Pstaking">P2P T<strong>elegram</strong></a>.</strong></p><hr><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p>P2P Validator is a world-leading non-custodial staking provider securing more than $3.2 billion from over 10,000 delegators across 25+ high-class staking networks. </p><h3 id="learn-more-">Learn more:</h3><p><strong>Web</strong>: <a href="http://p2p.org/?utm_source=blog&amp;utm_campaign=sol_guide">p2p.org</a><br><strong>Twitter</strong>: <a href="https://twitter.com/P2Pvalidator">@p2pvalidator</a><br><strong>LinkedIn</strong>: <a href="https://www.linkedin.com/company/p2p-org/">linkedin.com/company/p2p-org</a><br><strong>Telegram</strong>: <a href="https://t.me/P2Pstaking">t.me/P2Pstaking</a></p>

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