Ethereum 2.0, do you want "krypton gold" support?

深链财经

特邀专栏作者

2020-11-18 10:36 (UTC+8)

This article is about 3791 words, reading the full article takes about 6 minutes

32 ETH to support Vitalik, is it worth it?

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32 ETH to support Vitalik, is it worth it?

Editor's Note: This article comes fromDC News（ID：shenliancaijing）, Author: Liuliu, reprinted by Odaily with authorization.

Editor's Note: This article comes from

, Author: Liuliu, reprinted by Odaily with authorization.

"I may buy 32 ETH to support the upgrade of Ethereum."

A week ago, Changpeng Zhao expressed his support for Ethereum 2.0 on Twitter.

Coincidentally, for the smooth development of Ethereum 2.0, V God, the founder of Ethereum, also publicly stated that he has pledged 3,200 ETH to the deposit contract address of Ethereum 2.0.

More and more ETH is pouring into the contract addresses of Ethereum 2.0.

However, this speed is still not fast enough.

There are still 13 days before the preset launch time on December 1.

Can the zero phase of Ethereum 2.0 be launched as scheduled?

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32 ETH to support Vitalik, is it worth it?

As far as Ethereum is concerned, no matter whether 2.0 can be launched as scheduled, or what changes will be brought about after 2.0, it will definitely continue to bite the bullet.

Because the current Ethereum is too congested.

Under the PoW mechanism, Ethereum is limited to 15~45 TPS and the astonishingly high Gas fee, which tells us from various angles that Ethereum needs to change.

This change is Ethereum 2.0, and to achieve Ethereum 2.0, you first need to reach the 0th stage of Ethereum 2.0, and before that, you need 524,288 ETH pledges and 16,384 verification nodes to join.

In the early hours of November 5, Vitalik tweeted that the ETH pledge contract is currently open. If all goes well, Ethereum 2.0 is expected to start the creation block at 20:00 on December 1, Beijing time. If the threshold is not reached, then The genesis block is generated 7 days after reaching.

This is the so-called Ethereum Beacon Chain. The beacon chain is the core of Ethereum 2.0, adopting the PoS system, just like a "supervisor", mainly responsible for verifying the data from the shard chain.

When the beacon chain is launched, the current Ethereum PoW main network will also be integrated into it and become one of the shards or main storage contracts.

It is worth noting that Ethereum 2.0 Phase 0 accepts users to pledge ETH to become a beacon chain validator, and can obtain pledge income. The minimum threshold for user pledge is: 32 ETH.

"In fact, the number of 32 is quite interesting." An Ethereum miner told Shenlian Finance, "It's about 100,000 yuan, and the threshold is not very high. If there are fewer, there are too many nodes, and the income will be low; if there are too many nodes, the nodes are too large." Less, affecting engagement.”

After becoming a verification node, the node will receive certain rewards while assuming corresponding responsibilities, and this is also the biggest motivation to attract token holders to pledge to become a verification node.

If the amount of pledge reaches the minimum standard for the launch of the beacon chain, which is 524288 mentioned above, then these validators will be able to obtain an annualized return of 21.6%. If the ETH participating in the pledge reaches 2.45 million, the yield will drop to 10%; and when the locked ETH reaches 10 million, the yield will drop to 4.9% in one step.

The highest annualized return is only 21.6%, is it too low?

We might as well compare and see how the current centralized exchanges and the ETH wealth management income of the DeFi protocol are.

Take Binance as an example, ETH only has current financing, and the seven-day annualized return is only 0.98%; Hoo’s ETH fixed-term financing, although the seven-day annualized return reaches 20%, there is a purchase limit, and each account can only buy 5 at most.

For DeFi protocols like Aave, the annualized interest rate of ETH deposits is only 0.18%.

Therefore, for believers in Ethereum who plan to hold coins for a long time, staking may be a wise choice.

On November 4th, a giant whale account transferred 16,000 ETH to the deposit contract.

In addition, even now, with the decline of DeFi liquidity mining, the annualized income of many projects has far exceeded 21.6%. Take SushiSwap, which has recently skyrocketed in tokens, as an example, the annualized income of some pools has reached more than 50%. Of course, this is not ETH single-currency mining, and there is also the risk of impermanent loss caused by the rise and fall of tokens.

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In addition, there are Staked, which provides custody services for large Ethereum holders; Blox Staking, which provides users with convenient node verification; StakeWise, which provides users with a simple mortgage interface, etc...

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