On May 16, 2024, Trezor launched a new Ethereum (ETH) staking feature available through Trezor Suite. This desktop application allows users to securely manage their assets with a Trezor hardware wallet.
Partnering with Everstake, Trezor now offers a user-friendly ETH staking option with rewards estimation tools and straightforward withdrawal processes. Perfect for those looking to stake ETH securely, even in small amounts.
Contents
Staking available from "0.1 ETH" with Trezor Suite
Trezor announced on May 16, 2024 that ethereum (ETH) staking is now available through Trezor Suite, a desktop application offered by Trezor.
Trezor Suite is an asset management application for PCs connected to Trezor, a hardware wallet, which allows users to manage their holdings and use various functions such as buying, selling, exchanging, and P2P transactions by connecting their Trezor devices It allows users to manage their holdings and use various functions such as trading, exchange, and P2P transactions by connecting Trezor devices.
The Ethereum staking functionality is offered through a partnership with staking provider "Everstake," which is described as being able to perform staking from 0.1 ETH with just a few clicks.
Reward calculation tool for ETH staking also provided
The annual percentage yield (APY) for ETH staking is set at 3.86% at the time of writing, and it is explained that a total of 10% commission will be deducted from the reward earned for staking ETH on Trezor (*APY is as of May 17, 2024).
Trezor's official website also offers an "ETH Staking Reward Calculator," so you can estimate the reward you can earn by entering the staking quantity and duration on this page.
Withdrawing staked ETH can also be done in a few steps from within the Trezor Suite, and although it takes nine days to unstake, it is explained that once the unstaking is complete, the earned rewards can be traded or transferred.
Since Trezor is a hardware wallet that uses a physical device to securely store cryptocurrency, using Trezor to manage ETH allows for staking while storing ETH more securely.
>> Read our latest article on staking here.
-
Cardano Distributed Delegation Tool Atrium Announces Second Reward-Based Test Starting June
Discover the exciting new developments in Cardano's ecosystem with Atrium's second reward-based test starting in June 2024. Engage with innovative features like Profile NFTs and earn rewards directly on the blockchain.
続きを見る