Are you staking your ETH ?

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Here is a question ... are you staking your ETH ? I've been reading up on staking your ETH and getting rewards for staking it however the downfall is that you would need to lock up your ETH for about 2 years if you were to setup your validator node and do it.

Apparently Binance has made this easy as well and if you stake with them, you would receive BETH based on how many ETH you have staked.

The loophole

Once you get your BETH, you are able to trade it since BETH/ETH is available for trade and it seems that BETH price is lower then the ETH current price.

This meants that you can trade and collect more BETH and once the staking is released, you would be able to get more ETH back since BETH is 1:1 with ETH.

Am I making any sense ?? Well ... just search on youtube about Staking ETH on Binance .. you'll get it explained much better.

Oh well .... I'm a bit hesitant in staking my ETH at this point of time, however I may just do it since Binance has a low entry for staking in oppose to setting up my own validator node and then maintaining it and then stake all 32 eth in there.

What about you ??? Gave it any thoughts ? Cheers all and have a brilliant weekend !

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