SharedStake Ethereum Liquid Staking Protocol Review
What is SharedStake?
SharedStake is a user-friendly, Decentralized Open Source Protocol specifically designed to enable users to stake Ether of any quantity to Ethereum 2, while maintaining the liquidity and value of their staked amount. This innovative protocol ensures that your staked Ether remains an asset with value that can be used.
The primary goal of the SharedStake platform in the immediate future is to serve as a gateway for stakers. Simultaneously, it also offers a chance for yield farming with two significant assets generated by the protocol: the validator Eth2 (vEth2) and the SharedStake Governance Token (SGT).
Built to facilitate the transition to Ethereum 2.0 and beyond, SharedStake provides Staking-as-a-Service (StaaS) in a completely decentralized manner. This unique offering is designed to combat the high costs associated with Ethereum 2.0 staking, offering minimal fees as a cost-effective alternative.
SharedStake could be the ideal Staking-as-a-Service (StaaS) solution for you if youâre interested in gaining a stake in Ethereum 2.0 under the following circumstances:
+You lack the 32 Eth necessary to become a validator, an amount that equates to approximately $54,400 at the current market rate.
+You possess more than 32 Eth but not an exact multiple of this quantity, a requirement for participating in Ethereum 2.0 staking.
+You prefer not to run your own validator due to concerns about potential slashing penalties that could be triggered by unstable local energy conditions.
+You donât wish to engage in the complex process of creating your own Eth2 deposit credential through the command line interface.
+You are looking for opportunities to earn yield from investing in Ethereum 2.0 while keeping the risk minimal.
+You are keen on reducing validator node infrastructure costs by sharing them with other participants.
For more: https://decentralised.news/sharedstake-ethereum-liquid-staking-protocol-review
