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why-sharedstake.md

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Using SharedStake, anyone can play a part in the future of decentralized finance. 🚀

🤔 Why SharedStake

SharedStake is a custodial staking service allowing anyone to stake their ETH without having to maintain or monitor any validator nodes. Simply put, SharedStake removes all friction associated with ETH 2 staking:

  • Any amount of ETH can be staked by pooling on SharedStake
  • The validators are run on AWS, one of the best cloud providers with industry-leading uptimes
  • Thanks to vETH2, our derivative staking token, we are able to create a liquid market which allows participants to exit their positions or leverage DeFi apps, even before Ethereum 2 launches

Deposit ETH to the SharedStake smart contract to automatically mint your staking token, and relax. Nothing else is required.

SharedStake may be your StaaS solution if you want a stake in Ethereum 2.0 and:

  • You don't have 32 Eth for a validator, ($54,400 currently)
  • You have more than 32 Eth but not an exact multiple (required)
  • You don't want to run your own validator or are concerned about slashing due to local energy conditions
  • You don't want to create your own Eth2 deposit credential via the command line
  • You want to earn yield from investing in Ethereum 2.0 with minimal risk
  • You want to save on validator node infrastructure costs by sharing them
  • You want to use your Ethereum while earning your staking profits (9% APY currently)
  • You want to sleep soundly trusting industry standard cloud infrastructure with guaranteed uptime

Using SharedStake, anyone can play a part in the future of decentralized finance. 🚀

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