MEW has integrated Staked.us to make it easier than ever to create a full validator on Eth2 and earn rewards. Staked.us will maintain and update your validator for you. Creating a full validator requires 32 ETH.
If you are interested in staking smaller amounts, consider liquid staking through Stakewise on MEW web or Lido on MEW wallet iOS and Android.
Ethereum has completed the merge – its planned transition from a proof-of-work blockchain to a proof-of-stake blockchain – on September 15, 2022. Now, all Ethereum blocks are created and secured by validators rather than miners. Staking on Ethereum helps make the network more decentralized, efficient, and secure, while stakers receive validator rewards and a portion of transaction fees as long as their ETH remains staked.
Staking and the Risks Involved
Staked.us will not have access to your stake or rewards, but they will be responsible for maintaining your validator. If a validator is down for a prolonged period of time, there are risks of having your staked ETH slashed. Read more about staking on Ethereum with Staked.us on their website.
Withdrawal of Staked ETH
The unstaking and withdrawal of staked ETH and accumulated rewards will not be possible until a later upgrade in the Ethereum network, referred to as the Shanghai upgrade. This has always been part of the Ethereum road map. Currently, the estimated time for Shanghai is spring of 2023, but the timing of any upgrade is subject to change. Visit the official Ethereum foundation page to read more about the merge and staking withdrawals.
Liquid staking allows you to use your assets while staking by minting tokens for all deposited ETH. This type of staking is available on MEW through Stakewise on MEW web or Lido on MEW wallet iOS and Android.
Note: You don't need to have an additional account with Staked.us or get in contact with Staked.us after you stake through MEW. All relevant information and management can be accessed in the MEW web interface.
If and when any action is required from users, MEW will work with Staked.us to update the interface, so that MEW users can take any required action directly through MEW.
Write to us at firstname.lastname@example.org if you have any questions and follow MEW on Twitter, on Telegram, or join our community on Reddit to stay informed about important updates.
Stake your ETH on Eth2 with MEW web
Step 1. Access MEW web through your preferred access method.
For help with accessing your wallet on MEW web, see https://help.myetherwallet.com/en/articles/5377855-how-to-access-your-wallet-on-mew-web
If you use MEW wallet app, you can stake on Eth2 directly from MEW wallet app iOS or Android.)
Step 2. Head to the DApps section, and select ‘Stake On Eth2'.
Step 3. Enter or select a multiple of 32 ETH. For each stake of 32 ETH, Staked.us will create one full validator on your behalf.
Make sure to read all the relevant information about Staked.us and click Next.
Step 4. An Eth2 address and wallet keys will be generated for you. Eth2 addresses will be used to withdraw your staked ETH and rewards when transfers of staked ETH become available at a future date. If you stake more than 32 ETH, additional validators will be tied to this same address.
Make sure to copy your Eth2 address, write down your 24-word recovery phrase, and download your keystore file (preferably to keep on offline storage). You will need this information to access your stake and rewards in the future. Just having access to the wallet you staked from will not be enough.
Step 5. Now you'll be asked to verify your keystore file. Upload the same file that you just downloaded in the previous step.
After verification, double-check that you copied your Eth2 address correctly and click Review My Stake.
Step 6. Review your staking information, and make sure to read and check off all necessary items.
Your validators will be prepared by Staked.us, which could take up to 10 minutes. Please don't leave the page.
Step 7. When your validator is ready, click Stake 32ETH, then Confirm and Send.
Step 8. Your validator should now be set up and ready to go on Eth2, though it may take some time to finalize. You can view your transaction on Etherscan or EthVM. Staked.us will maintain and update your validator(s) for you, so all you have to do is watch the rewards accumulate.
You can always check the status of your validator and rewards by accessing your wallet and going to the Status tab in the Stake On Eth2 DApp.