What are your current thoughts on Ethereum 2 staking and which is your preferred staking option?

In this short blog we are going to discuss staking and what works best with you. When you look at current trends in the average savings account or interest checking account then its a no brainer to put a little money into staking.

With 5%-10% yields on some DeFi projects or major trading platforms it’s pretty clear where you are going to make the most bang for your buck. What comes with that is what turns a lot of people away. Extreme volatility, this has turned away more traders than anything else. I don’t blame them, i’ve had numerous accounts blow up. The thought of putting a lot of money into a project with a really high interest rate lures people in and they treat it like a traditional stock, get burned and never come back  

Coinbase offers an APY of around 5%. This is after taking 25% of the staking rewards you receive. Coinbase “promises” to cover any losses that happen if the validator promises are not met. The only major downside to Coinbase is that you can not withdraw and Eth2 until the network is fully launched.  Between coinbase and Binance i go with Coinbase on where i keep some Eth stocked back. Kraken is about the same as Coinbase and Binance, nothing crazy or out of the ordinary. 

Which staking platform do you utilize for your Eth?