The Offer
- Coinbase is offering $10 in ETH for every $100 in ETH you stake, up to a $50 bonus ($500 staked)
The Fine Print
- To be eligible, you must:
- Be a legal resident of the 50 US states (excluding HI and NY)
- Be a first-time staker
- Stake at least $100 in ETH
Our Verdict
Personally I don’t think staking is worth the risk involved with cryptocurrencies. This also earns 3.67% APR but an easy pass for me.
Hat tip to reader Davis
Whats $50 x 0 end up being ?
Not available for NY
This has been true for a while now
People are currently speculating that the eth 2 merge will take place sometime this year, maybe even by the fall. The downside risks are 1) you think ETH will keep falling but why would you be considering staking anyway or 2) you don’t think ETH2 will actually merge in which case you will lose all $500. I took the offer because I would be holding that ETH anyway and I’m pretty confident the merge will happen. Relative to the rest of the crypto world this is a fairly low risk offer.
https://ethereum.org/en/upgrades/merge/
(removed) posted to wrong thread
Run away!
I’m still waiting to buy CDOs for cryptocurrencies. They’re like gold, right? What could possibly go wrong? /sarcasm
As they say…A fool and his/her money are soon parted…
coinbase holding the bag right now. f000kn LOL
I can’t believe people are up in arms about staking $500, which is like pocket change in an investment portfolio. The same people are probably also 🧻🤲 🐑. Unlike most of you, I was planning on staking ETH anyway and this sweetens the pot for me. Thank you William for pointing this out.
So $500 is pocket change, but you really appreciate $50. Okay.
$MadoffCoin TO THE MOON!
JUST LOL.