Ethereum: Publicly traded company participates in staking

Ethereum: Publicly traded company participates in staking – demand for ETH increases

Ether Capital Company runs an Ethereum 2.0 validation node and participates in the delegation process to obtain staking rewards.
Messari researcher Ryan Watkins predicts increased demand for ETH after the launch of the Beacon Chain.
In a press release, Ether Capital Corporation announced that it has staked funds to the Ethereum 2.0 network. In addition, the company has begun running an Ethereum validator node with the confirmation of the Genesis block yesterday, December 1. As also announced, the company has partnered with the service provider Staked to run the node.

Furthermore, they are preparing to increase their participation. The company has a balance of 32,407 ETH and 2,300 MKR. In addition, they have shares in a crypto exchange called Wyre based in San Francisco, USA. In the statement, the company stated:

Once we see the Ethereum 2.0 blockchain running in a stable fashion over a period of time and are able to fully understand and mitigate applicable risks, Ether Capital intends to make a more substantial commitment of its Ether balance to staking.

Ether Capital has staked the minimum of 32 ETH in the Ethereum 2.0 deposit contract. The new PoS-based mechanism will allow validators to earn rewards for verifying transactions in the Beacon Chain and participate in the network consensus. In this way, they will be able to earn inflationary block rewards. Reward, estimates Ether Capital, is at 16% annual return. Based on the amount of ETH currently staked as demand for ETH increases.

demand for ETH increases.

Ether Capital CEO Brian Mossof said:

The launch of Ethereum 2.0 is an exciting milestone, and we are thrilled to be part by running a validator.The transition to staking has been part of Ether Capital’s roadmap since inception and means that Ether holders are now able to generate an Ether-denominated return, or yield, by participating in network validation.

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