HomeEtherumSafe, the Popular Wallet Provider, Now Offers P2P.org's Ethereum Staking Application

Safe, the Popular Wallet Provider, Now Offers P2P.org’s Ethereum Staking Application

Published on

P2P.org has brought its Ethereum staking service to Safe, the decentralized custody protocol that stores more than $38 billion in total assets, in a move that should make it easier for people to stake ETH without the requite physical infrastructure.

Via P2P’s application, users on Safe can now stake their ETH directly “with just a few clicks whilst maintaining total ownership over their staked ETH,” said P2P CEO Alex Esin in the announcement Wednesday. Users who decide to stake 32 ETH – the minimum amount needed to stake on Ethereum – through the application will also have slashing protections, guaranteed by P2P, according to the announcement.

When a validator is not doing its duties, oftentimes for being offline, the network gives the validator a financial penalty and slashes the staked ETH. P2P has had zero slashing events and will cover the slashed amount depending on a user’s coverage option, according to P2P’s communication representative Rick Bagshaw.

Ethereum currently has more than 22.8 million staked ETH worth nearly $40 billion securing its network, data from blockchain analytics firm Nansen shows, and P2P’s integration with Safe aims to make it easier for crypto users to participate in staking.

P2P’s launch of its “first-ever direct staking app on the Safe Apps ecosystem” is a step toward supporting “non-custodial staking services to a growing DeFi community,” said the announcement.

Edited by Nick Baker.

DISCLOSURE

Please note that our

privacy policy,

terms of use,

cookies,

and

do not sell my personal information

has been updated

.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

strict set of editorial policies.

CoinDesk is an independent operating subsidiary of

Digital Currency Group,

which invests in

cryptocurrencies

and blockchain

startups.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

stock appreciation rights,

which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG

.

Sage D. Young is a tech protocol reporter at CoinDesk. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.

Follow @httpsageyd on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

https://www.coindesk.com/tech/2023/06/14/p2porgs-ethereum-staking-application-is-now-available-on-popular-wallet-provider-safe/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post P2P.org’s Ethereum Staking Application Is Now Available on Popular Wallet Provider Safe appeared first on BTC Ethereum Crypto Currency Blog.

Latest articles

Analyst Suggests Ethereum Price Could Surge to $3,100 with Bullish Momentum

Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price increase over the past...

Cboe Digital Announces Plan to Introduce Margin Futures Trading for Bitcoin and Ethereum by 2024

On Nov. 13, Cboe Digital announced that it will soon launch trading and clearing...

Top Trader Predicts Significant Price Increases for Sushi and Apecoin – Check Out His Projections

A crypto strategist says more rallies are up ahead for prominent decentralized exchange (DEX)...

What is the difference between NVMe and M.2?

`` Over the last decade, solid-state drives (SSDs) have become the top choice for many...

More like this

Analyst Suggests Ethereum Price Could Surge to $3,100 with Bullish Momentum

Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price increase over the past...

Cboe Digital Announces Plan to Introduce Margin Futures Trading for Bitcoin and Ethereum by 2024

On Nov. 13, Cboe Digital announced that it will soon launch trading and clearing...

Top Trader Predicts Significant Price Increases for Sushi and Apecoin – Check Out His Projections

A crypto strategist says more rallies are up ahead for prominent decentralized exchange (DEX)...
bitcoin
Bitcoin (BTC) $ 67,663.13 3.42%
ethereum
Ethereum (ETH) $ 3,759.99 7.01%
tether
Tether (USDT) $ 0.999503 0.25%
bnb
BNB (BNB) $ 420.69 0.47%
solana
Solana (SOL) $ 132.13 0.50%
staked-ether
Lido Staked Ether (STETH) $ 3,754.41 7.03%
xrp
XRP (XRP) $ 0.652066 0.64%
usd-coin
USDC (USDC) $ 0.998622 0.28%
cardano
Cardano (ADA) $ 0.775254 0.62%
dogecoin
Dogecoin (DOGE) $ 0.187711 14.57%