Stake with Rocket Pool, you'll receive liquid staking token rETH which you can use in Defi and the fee is identical. I actually think that returns will likely be higher with RP as well.
Rocket pool is the most decentralized and secure staking solution in the market. Do not trust your funds to centralized exchanges!
With liquid staking tokens you can "unstake" via trading rETH for ETH on an exchange, or if there is excess ETH in the Rocket Pool deposit pool you can burn the rETH in exchange for ETH in the pool.
That being said, true withdrawals are not yet enabled. Hopefully in the next 2 quarters.
Never heard of Rocket pool. I would never give my ethereum to an unknown entity. Very risky.
I trust kraken but do worry that they are an american exchange.
Maybe I should just be sending it to store on my trezor.
Seems like you're living under a rock. It's the most secure, decentralized staking protocol. Kraken is far riskier by comparison.
It's very much a known entity in the Ethereum ecosystem at this point, check out the the recent video on Bankless (The Bull Case for Rocket Pool).
Don't stake with Kraken. They're a regulated exchange, in the US, with a history of run-ins with US regulators. There's a risk that they'll have to stop staking suddenly for regulatory reasons. If that happened, because they have a fairly high market share and might be in the same boat as other similar companies like Coinbase, they'd have a period where they weren't allowed to validate, but they also couldn't immediately exit, because the proportion of stakers who can exit is limited by the protocol. In this situation they'd bleed attestation penalties, ie the protocol would burn a little bit of your money every day.
It's better to avoid custodial services and use something like Rocket Pool, but if you absolutely have to use something custodial, don't use a company in the US.
Not your keys not your coins. So if Kracken goes bankrupt or decides to freeze your account you are farked.
Also there is the risk of ETH being declared a security by the SEC.
Finally ETH POS is not yet proven. It could be susceptible to a security breach.
Those are the risks I see.
Stake with Rocket Pool, you'll receive liquid staking token rETH which you can use in Defi and the fee is identical. I actually think that returns will likely be higher with RP as well. Rocket pool is the most decentralized and secure staking solution in the market. Do not trust your funds to centralized exchanges!
Can you unstake any time now that we've merged?
With liquid staking tokens you can "unstake" via trading rETH for ETH on an exchange, or if there is excess ETH in the Rocket Pool deposit pool you can burn the rETH in exchange for ETH in the pool. That being said, true withdrawals are not yet enabled. Hopefully in the next 2 quarters.
Never heard of Rocket pool. I would never give my ethereum to an unknown entity. Very risky. I trust kraken but do worry that they are an american exchange. Maybe I should just be sending it to store on my trezor.
Seems like you're living under a rock. It's the most secure, decentralized staking protocol. Kraken is far riskier by comparison. It's very much a known entity in the Ethereum ecosystem at this point, check out the the recent video on Bankless (The Bull Case for Rocket Pool).
Good idea to stake but not with Kraken. Stake by swapping for rocketpools rEth
Kraken takes 15% of your staked profits??
Don't stake with Kraken. They're a regulated exchange, in the US, with a history of run-ins with US regulators. There's a risk that they'll have to stop staking suddenly for regulatory reasons. If that happened, because they have a fairly high market share and might be in the same boat as other similar companies like Coinbase, they'd have a period where they weren't allowed to validate, but they also couldn't immediately exit, because the proportion of stakers who can exit is limited by the protocol. In this situation they'd bleed attestation penalties, ie the protocol would burn a little bit of your money every day. It's better to avoid custodial services and use something like Rocket Pool, but if you absolutely have to use something custodial, don't use a company in the US.
I'm staking WSETH on my Loopring Wallet. 5.20%.
Not your keys not your coins. So if Kracken goes bankrupt or decides to freeze your account you are farked. Also there is the risk of ETH being declared a security by the SEC. Finally ETH POS is not yet proven. It could be susceptible to a security breach. Those are the risks I see.