Imagine you’ve discovered a way to not only keep your digital assets safe, but also to make them work for you. Generating rewards while you sleep. Passive income! Sounds like a distant dream? It’s not. Welcome to the world of staking, and you can now stake Ethereum through Trezor Suite 🤩.

What is ETH staking?

Staking is the process used for validating transactions on blockchains that use the Proof of Stake consensus mechanism. Sounds complicated? Think of staking akin to earning interest in a savings account in a bank, but occuring on the blockchain.

When you stake your Ethereum,

• you’re essentially locking up your digital assets (in this case ETH) to support the operation and security of the Ethereum network.
• In return, the network rewards you with more ETH.

Why choose Trezor for Staking?

Choosing where to stake your ETH is a crucial part of the process. Staking through Trezor combines the security of a trusted hardware wallet with the ease of use provided by Trezor Suite. This integration means you can stake your ETH without needing deep technical knowledge or compromising on security.

How it works

With Trezor, staking your ETH is as straightforward as making a regular transaction, and all it takes is 3 simple steps:

1. Plug in your Trezor and open Trezor Suite.
2. Select the amount of ETH you wish to stake.
3. Verify the transaction on your Trezor and start earning rewards.
4. The security of Staking with Trezor

At Trezor, we strive to make crypto security easy. For staking ETH, we’ve partnered with Everstake, a top-tier staking provider with over 6 years of a track record, and trusted by over 750,000 investors. Currently, they have over $1.5 billion ETH staked with them. The Everstake platform has undergone two independent audits by ChainSecurity and Ackee, leading firms in smart contract security.

We trust Everstake wholeheartedly and recommend them as the premier choice for safeguarding your staked assets.

Understanding the risks

Please note, when it comes to interacting with smart contracts like those involved in staking, there’s a added element of trusting the smart contract. Even though you can technically audit a smart contract before engaging, it’s not straightforward unless you’re a seasoned expert.

When you stake your ETH, your assets remain under your control, with the added element of putting your trust in Everstake, responsible for the smart contract here.