MyEtherWallet adds ETH 2.0 staking support

The popular Ethereum wallet MyEtherWallet has opened access to ETH 2.0 staking via the Staked service.

Staking on #Eth2 is now available in MEW web and MEW wallet app Android!

Read about our integration with @staked_us, what staking means, how it works, and when you can expect to start earning rewards.https://t.co/psK8hTTjo2

— MyEtherWallet | MEW (@myetherwallet) December 8, 2020

To participate in ETH 2.0, MyEtherWallet users must stake 32 ETH.

“Staked will run a validator node for them, which will simplify participation for users who do not have technical knowledge, so no further action on their part will be required,” said Kosala Hemachandra, CEO of MyEtherWallet.

Users will receive validator rewards in ETH, however they will not be able to withdraw the coins until ETH 2.0 Phase 2 is deployed, which may take a few years.

Earlier this week, the deposit contract for the second version of the Ethereum protocol attracted 1.16 million ETH (~$689.99 million), which equates to 1.02% of the market supply, the second-largest cryptocurrency by market capitalization.

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