Ethereum 2.0 Staking (Custodial): what you need to know?

JC jawe.sol
2 min readDec 15, 2020

Binance Staking: Ethereum 2.0

About ETH 2.0

ETH2.0 is the next generation of Ethereum and uses proof-of-stake (PoS) to secure its network. PoS can generate staking income, but participating in ETH2.0 requires 32 ETH in staking and validator construction technology. In order to lower the threshold for users, Binance Staking provides users with a one-click staking service, and 100% on-chain staking income will be distributed to users.

Lock-up period

The lock-up period is determined according to the development progress of ETH2.0, which may exceed two years and cannot be redeemed in advance. During the lock-up period, Binance provides you with BETH as the only lock-up token. You cannot view your assets in the spot account until you receive BETH in your spot account.

Ethereum (ETH) staking & the Ethereum 2.0 network upgrade from Kraken