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yEarn Proposal Seeks To Create Ethereum 2.0 Validator Vault, Support The Upgraded Chain's Launch
Summary: A new yEarn proposal has suggested an Ethereum 2.0 validator vault which would allow investors with less than 32 ETH to stake on the new chain, according to the proposal. Ethereum developers recently announced the launch of Ethereum 2.0 phase 0. The contract requires a minimum of 524,288 ETH by Dec. 1 and the mainnet will ...
A new yEarn proposal has suggested an Ethereum 2.0 validator vault which would allow investors with less than 32 ETH to stake on the new chain, according to the proposal.
Ethereum developers recently announced the launch of Ethereum 2.0 phase 0. The contract requires a minimum of 524,288 ETH by Dec. 1 and the mainnet will not launch until this threshold is met. A yEarn ETH 2.0 validator vault could help Ethereum reach 524,288 through a wave of support from retail investors.
If passed, the vault would enable staking rewards for its investors in the form of liquidity provider (LP) tokens. In this way, the new proposal provides additional incentives for staking on ETH and creates secondary markets for Ethereum 2.0.
By Emily Mason
Tags: ETH,Ethereum,Ethereum 2.0
Link: yEarn Proposal Seeks To Create Ethereum 2.0 Validator Vault, Support The Upgraded Chain's Launch [Copy]
