Staking Rewards

Staking rewards is the leading data provider for staking and crypto-growth tools. What this has to do with staking, is that those who stake their ethereum are contributing to the ethereum network itself, becoming validators of the network and contributing to the security of the blockchain, processing transactions and storing information by adding blocks to the new consensus model for ethereum 2.0. As a reward for their participation and support, those validators or stakers receive interest on their staked coins.

Without getting too deep into the weeds on this one, as it is a hefty topic, I'll provide a quick summary of what this ethereum upgrade is about and why we need it. If you are already well versed in the world of ethereum, feel free to skip this section or check out this article that provides a thorough deep dive into all things ethereum 2.0 related or you can also find guy's opinion on ethereum 2.0 staking here.

One is the explosion of decentralized finance, which has brought to life decentralized trading and lending platforms like uniswap and compound which allow users to invest their funds without the need for centralized intermediaries and earn outrageous returns on investment (roi) thanks to a new breed of staking schemes called liquidity mining and yield farming, which we'll discuss later.

Why this has been a much anticipated and vitally important upgrade is that ethereum basically powers the entire defi space,Staking rewards  sustaining entire virtual worlds such as decentraland and the sandbox , also providing the network backbone that most of our beloved nfts and crypto domains are hosted on, not to mention that nearly half of the top 100 cryptocurrencies are all ethereum erc20 tokens.

Revealed exclusively to forbes, the current round was led by software investment firm thoma bravo, with participation from counterpoint global (morgan stanley), binance labs, parafi capital, avon ventures, a venture capital fund affiliated with fmr llc (the parent company of fidelity investments), cms holdings, franklin templeton, 2tm (the parent company of brazilian cryptocurrency exchange mercado bitcoin), and starkware, among others.