imToken now has full support for key generation on the beacon chain and staking-as-a-service custody with InfStones.
If you have no idea what staking-as-a-service custody is, please refer to The pros and cons of different ETH staking solutions,which explains why and how this staking solution guarantees the ownership and control of users' assets through transparent node information, and how the user can rest assured about node operation, node validation and maintenance services.
With your 32 ETH ready, the following guide will walk you through the steps of staking to get a validator node on the Beacon Chain.
Step by step
1. Open your ETH wallet, click “Stake” to enter the ETH Staking page, then click “>” - “Stake”.
2. Enter the number of nodes you want to purchase, each node requiring you to deposit 32 ETH. After confirming the number of nodes, click "Next" to enter the fee confirmation page.
3. Select the ETH wallet address to pay and check the total amount which consists of deposit amount, service fee and gas fee.
- Deposit amount: 32 ETH per validator node.
- Service fee: $200 is for the service of InfStones to maintain the operation of the node, which will continue until The Merge.
- Gas fee: Required to send this transaction and depends on the real-time gas price of the Ethereum mainnet
Please note: The current service fee of $200/node is a limited time offer. Please refer to the service fee shown in the wallet when purchasing.
4. Please read the risk clause carefully and note that:
- The deposited 32 ETH and accumulated rewards will not be transferable until Ethereum enables the withdrawal function in 2023 or later.
- The mnemonic of ETH wallet will be used to retrieve ETH deposited on the Beacon Chain after the withdrawal function is enabled. So please back up your mnemonic safely. If you lose the mnemonic, there will be no other way to retrieve the funds.
Carefully read the risk clause and confirm payment. After the transaction is created, please wait for confirmation on the Beacon Chain, and the estimated waiting time is somewhere between 12 and 18 hours.
5. After the confirmation is done on the Beacon Chain, the validators will wait in a queue for activation as only 900 validators can get activated per day. As of this writing, the waiting time for activation is about 4 days.
Once the status of the validator switches from Pending to Active, it will start staking and accrue interests. You can check the BETH in the staking page and click "Validators" to check the balance and APR and other details.
Please note: BETH (Beacon ETH) refers to your asset on the Beacon Chain. Each BETH represents 1 ETH you staked and you will receive your staking rewards in BETH too. However, BETH cannot be transferred or redeemed until Ethereum enables the withdrawal function.
Beacon Chain Explorer