FAQ

For Solo Staking, you need at least 32 ETH or multiple

With ChainLabo, you will have complete control over your ETH. You will be the sole owner of the keys. You won't pay any fees in ETH, and the validator will be hosted in a Swiss Data Center.

No, ChainLabo does not request or have access to your ETH. You will be able to pay in FIAT with no ETH fees.

Depending on the plan you subscribe to, Chainlabo will manage and provide the hardware (Intel Nuc or Raspberry Pi4) and all the configuration needed to start your Solo Staking easily.

Some of the PROs in deciding to start Solo Staking:

• Autonomy and Control: Solo staking allows participants full control over their staked assets.
• Potentially Higher Rewards: the Solo Stakers receive the entire block rewards
• Trust and Security: no third parties are involved, so there are fewer risks such as hacking

Solo staking, also known as individual staking or standalone staking, involves participating in a proof-of-stake (PoS) blockchain network as an individual. When staking in a PoS blockchain, you need to hold and "stake" a certain amount of the network's cryptocurrency to help support the network's operations. By doing so, you have direct control over your staked assets and are solely responsible for managing and securing your staking node or wallet. Solo staking allows participants to have a higher degree of autonomy, decision-making power, and potentially higher rewards, as they do not share the rewards with other participants as they would in a staking pool.

You must have at least 32 ETH Ethereum on the Ethereum Blockchain. You can find the official definition of Solo Staking on the Ethereum Foundation's official website at this link: https://ethereum.org/en/staking/solo/.

A validator plays a crucial role in a proof-of-stake (PoS) blockchain network by verifying transactions and suggesting new blocks. Validators put up their own cryptocurrency as collateral and, in exchange, they gain the right to generate new blocks and receive rewards for their efforts in ensuring the network's security and consensus mechanism.

Following Ethereum Solo Staking guidelines, you can stake 32 ETH or multiples.

If the validator goes offline, you risk losing rewards. Slashing may occur if the validator breaches the proof-of-stake consensus rules. For Ethereum Blockchain, slashing is a more severe action that leads to the validator being forcefully removed from the network and losing their staked ether.

Slashing on Ethereum Blockchain is often related to intentional or unintentional misbehavior, including double signing, going offline during critical periods, or attempting to manipulate the network. To avoid it it’s better to maintain online presence, update hardware and software and secure your keys.

Some of the popular Ethereum staking clients:

• Prysm
• Lighthouse
• Teku
• Nimbus 

Yes, you can also stake on a VPS but it's important to notice that while using a VPS for staking provides convenience and flexibility, it also introduces an additional layer of dependency on the VPS provider. Ensure you choose a reputable provider with good customer support and take appropriate measures to secure your staking node and protect your private keys. Regularly update your software, apply security patches, and follow best practices to mitigate potential risks.

ChainLabo will support you in the withdrawals of your rewards. You will keep the sole ownership of your ETH and you will be free to withdraw your crypto following the Ethereum Foundation procedure

Staking pools or validator pools or staking services, are platforms where multiple participants pool their staking resources together to increase their chances of earning rewards in a proof-of-stake (PoS) blockchain network. Poll Staking has some PROs, e.g. you need less than 32 ETH to join a pool or you do not need technical knowledge, but has also some CONs the big one is that  you’re not the sole owner of your crypto and 

The interest rate, or staking yield, for staking Ethereum can vary and is influenced by several factors. It is important to note that Ethereum does not have a fixed or predetermined interest rate for staking like traditional savings accounts. The staking yield is determined by the dynamics of the Ethereum network and can fluctuate over time. 

Yes, you can exit anytime with ChainLabo. The exit policy is outlined in ChainLabo’s contract.

The difference between a "centralized" and "DeFi" staking pool lies in the underlying principles and characteristics of each type.

Centralized Staking Pool:
A centralized staking pool is operated by a centralized entity or organization. It typically involves a trusted third party, such as a centralized exchange or a staking service provider, that manages the staking process on behalf of participants.

DeFi (Decentralized Finance) Staking Pool:
A DeFi staking pool operates based on the principles of decentralization and smart contract automation. It leverages blockchain technology and often runs on decentralized platforms, such as Ethereum

No, compounding is not possible in Ethereum staking. In traditional financial systems, compounding refers to reinvesting the earned interest or returns back into the investment to generate additional earnings. However, in Ethereum staking, the rewards earned from staking ETH are not automatically reinvested or compounded within the staking process.

The profitability of ETH staking pools can vary and is subject to several factors. It's important to note that staking, including participation in staking pools, involves both potential rewards and risks. Here are some key points to consider regarding the profitability of ETH staking pools:

• Staking Rewards
• Pool Fees
• Pool Performance
• Slashing Risks
• Market Conditions

The staking yield for ETH can vary and is influenced by various factors, including:

• Network Participation
• Inflation Rate
• Validator Performance
• Slashing Penalties

It's important to note that the staking yield is not fixed or guaranteed. It can fluctuate based on network conditions and the specific parameters of the Ethereum 2.0 protocol