Don’t Stake ETH, Buy Staked ETH

Wei Ly
Feb 27, 2021

If you haven’t staked any Eth yet but are thinking about it do this instead.

Crypto platforms like Lido, Kraken, Binance and soon to be Coinbase will manage the staked Eth for you through their staking services.

Instead of staking Eth and obtaining an equivalent 1:1 staked Eth token you should just buy the already staked Eth on secondary markets.

Staked ETH is currently at a significant discount compared to normal ETH so you will automatically suffer impairment loss if you stake ETH.

As an example you currently (27 Feb) you can buy staked Eth for the following prices:

ETH2 from kraken for 0.9572 ETH

stETH from 1nch for 0.978 ETH

BETH from Binance for 0.9846 ETH

Later when Ethereum will allow for withdrawals of staked ETH the peg will return to 1:1.

Easy money but as always DYOR.

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Wei Ly

Exploring Use Cases for the mass adoption of Blockchain technology. Co Founder of Whalefolio.com