Unlike other staking services, it gives a token in return called Staked ETH that can be plugged back into various DeFi protocols.
You might be interested in …
Bitcoin, Ethereum Drop Sharply After Fed Signals More Interest Rate Hikes to Come
The price of Bitcoin nosedived today—along with U.S. stocks—on news that the Federal Reserve approved a smaller interest-rate hike than previous ones this year, but signaled plans to keep raising rates next year to combat […]
What DAOs Can Do: $6.75M in Ethereum for Ukraine
As of Saturday morning, Ukraine has received $57 million in cryptocurrency donations to aid its defense against Russia, according to blockchain tracker Elliptic. The New York Times and others have called that amount “a drop in the […]
Germany Won't Tax Bitcoin, Ethereum Sold After One Year of Possession
Cryptocurrencies can be sold tax free after one year of possession even if they’re used for staking.