Introduction to ETH staking with Trezor | Posted by SatoshiLabs | May 2024
Imagine discovering a way to not only keep your digital assets safe, but to use them to your advantage. You generate rewards while you sleep. Passive Income! Does it seem like a distant dream? It’s not like that. Welcome to the world of staking. You can now stake Ethereum through Trezor Suite.
Staking is a process used to verify transactions on a blockchain that uses a proof-of-stake consensus mechanism. Looks complicated, right? Think of staking as similar to earning interest on a bank savings account, but on the blockchain.
When staking Ethereum,
- It essentially locks up a digital asset (in this case, ETH) to support the operation and security of the Ethereum network.
- In return, the network rewards more ETH.
Choosing where to store your ETH is an important part of this process. Staking with Trezor combines the security of a trusted hardware wallet with the ease of use offered by the Trezor Suite. This integration means you can stake ETH without requiring deep technical knowledge or compromising security.
With Trezor, ETH staking is as simple as regular trading and only takes three simple steps.
- Connect Trezor and open Trezor Suite.
- Select the amount of ETH you wish to stake.
- Check out deals and get rewards on Trezor.
At Trezor, we strive to make cryptocurrency security easy. For ETH staking, we have partnered with Everstake, a leading staking provider with over 6 years of track record and trusted by over 750,000 investors. Currently, they hold over $1.5 billion of ETH. The Everstake platform has undergone two independent audits by ChainSecurity and Ackee, leading smart contract security companies.
We wholeheartedly trust Everstake and recommend it as the best choice for protecting your staked assets.
Please note that when interacting with smart contracts involving staking, there is an additional element of trusting the smart contract. Although it is technically possible to audit a smart contract before participating in it, it is not easy unless you are a seasoned professional.
By staking ETH, your assets are under your control with the added element of trust in Everstake, which is responsible for the smart contracts here.
Visit Trezor Suite today to start your staking journey. It’s safe, simple and rewarding. Staking ETH on Trezor is a smart choice for any savvy fan of cryptocurrency.
There’s more here.
