You can easily stake ETH through OneKey and Trezor Hardware Wallets.

Many friends have consulted about staking ETH through the OneKey Hardware Wallet app and Trezor Suite Hardware Wallet. This article compiles information about staking ETH through the OneKey app and Trezor Suite. Please don't forget to read about the risks.

Main Topics

What is ETH Staking?
What is the minimum for ETH Staking?
What is ETH Staking on OneKey App or Trezor Suite?
Can I unstake if I want to?
Are there risks in ETH Staking?

1. What is ETH Staking?

ETH Staking is a process used to validate transactions on the blockchain using the PoS (Proof-of-Stake) principle. This involves locking assets in the system in exchange for the right to validate and confirm transactions, thereby earning rewards from the staked assets. To illustrate this with a current financial system analogy, it's like depositing money to earn interest from a bank.

Ethereum has now upgraded from PoW (Proof-of-Work, approving transactions by solving mathematical puzzles) to PoS.

2. What is the minimum for ETH Staking?

There are mainly two types of minimum staking requirements:

Minimum Stake of 32 ETH

To stake ETH, if you want to become a transaction validator, you must lock a minimum of 32 ETH and operate through software to access the network called a node client, allowing the system to help validate transactions on the blockchain.

No Minimum ETH Limit

If you have less than 32 ETH, you can still participate in pool staking through various protocols operating on the Ethereum network, such as Rocket Pool or Lido. This can be done via the OneKey app or Trezor Suite without needing to download any additional software.

3. What is ETH Staking on OneKey App and Trezor Suite?

ETH Staking on OneKey App

This involves staking ETH with a protocol called Lido, not directly with OneKey, which merely serves as an interface to simplify usage.

Staking ETH with Lido has no minimum ETH requirement, but it is recommended to accumulate an amount greater than the gas fee to be more worthwhile, approximately 0.1 ETH. When we stake ETH with Lido, we receive stETH, which acts as a representative token indicating our proportion in this pool and earning daily returns based on our proportion according to the displayed APR (Annual Percentage Rate). Currently, the APR is 3.93%.

To stake via the OneKey App, follow this link

ETH Staking on Trezor Suite

This involves staking ETH with a protocol called Everstake, not directly with Trezor. Trezor Suite merely serves as an interface to simplify usage.

Staking ETH with Everstake has a minimum staking requirement of 0.1 ETH, and it's advisable to have about 0.05 ETH reserved for gas fees. When we stake ETH with Everstake, we receive ETH as usual, but the rewards are not immediate. We will only start receiving returns once the pool we are in reaches 32 ETH. This means the pool must accumulate 32 ETH before it can open a node to earn returns. The current APR is 3.78%.

To stake using Trezor Suite, follow this link

4. Can I unstake if I want to?

You can unstake. You can unstake on both the OneKey app and Trezor Suite. Unstaking can be done immediately and typically takes about 7 days depending on the protocol.

Lido Withdrawals via OneKey

If you wish to withdraw or unstake from Lido via the OneKey App, you can choose between immediate unstaking or waiting 7 days. Immediate unstaking allows you to exchange stETH on various DEXs at a best-rate ratio of 1:0.999. If you unstake directly through Lido, you will need to wait approximately 7 days after initiating the unstake, with a ratio of 1:1.

Everstake Unstaking via Trezor

If you wish to unstake from Everstake via the Trezor Suite, you can unstake immediately. Unstaking is done directly through the Trezor Suite, and you will receive ETH immediately after the transaction is completed.

5. Are there risks in ETH Staking?

As mentioned above, ETH Staking on the OneKey App and Trezor Suite is not direct staking with OneKey or Trezor. The ETH Staking described involves the Lido and Everstake protocols.

The security of ETH Staking depends on the smart contracts of Lido and Everstake. Although they are open source and have been audited, investments carry risks, and investors should conduct their own research before making any investments.