InfStones aims to simplify ETH staking through Shappella upgrade
Luisa Crawford Apr 13, 2023 08:31
InfStones is offering a new Ethereum validator service that allows users to launch validator nodes for staking with just a few clicks. The platform is targeting both users and institutional investors by providing a simpler way to stake their tokens, with the added benefit of being able to stake less than 32 ETH after the Shappella upgrade. However, there has been a slight decline in Ethereum staking deposits due to regulatory pressure and the upcoming upgrade.
InfStones, a blockchain infrastructure provider, has announced a new Ethereum validator service that aims to simplify ETH staking through the upcoming Shappella upgrade. The service will utilize Application Programming Interfaces (APIs) to make staking easier for both users and institutional investors, with the goal of attracting more participants to the Ethereum ecosystem.
The Shappella upgrade, which is expected to bring heightened market demand for ETH staking, will allow participants with less than 32 ETH to stake their tokens on InfStones' platform. This is a significant development, as currently, there is a requirement of 32 ETH to participate in staking.
InfStones founder Zhenwu Shi stated that their Ethereum validator service enables anyone to launch validator nodes for staking purposes with just a few clicks. In addition, the platform is targeting institutional investors by providing a way to set up around 1,000 validators for ETH staking.
The project's goal is to attract more participants to the Ethereum ecosystem by creating an easier staking experience. InfStones' platform aims to capitalize on the Shappella upgrade by offering a more streamlined staking service. Liquid staking platforms may also get a boost when ETH is released from the Beacon Chain following the upgrade, according to analysts from blockchain analytics firm Glassnode.
However, Ethereum staking deposits have seen a slight decline recently, which has been attributed to both regulatory pressure in the United States and the upcoming Shappella upgrade. Despite this, community members have expressed various sentiments on the news, with many praising the developers for achieving the next milestone for the Ethereum ecosystem.
As the Ethereum ecosystem continues to grow, InfStones' new validator service aims to make staking more accessible for both individual users and institutional investors. By providing an easier staking experience, the platform hopes to attract more participants and contribute to the growth of the Ethereum network.
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