Singapore, Aug. 25, 2021 — Matrixport, Asia’s fastest-growing digital assets financial services platform, announced the launch of “ETH2.0 Staking Earn,” the first offering of its kind that enables customers to participate in Eth2 staking at a low threshold and earn yield from Ethereum lock-up rewards, while simultaneously benefitting from additional token rewards, mining revenues and better liquidity from related decentralized finance projects. Users can easily access the new product via Matrixport’s trusted and secure app platform to participate in Eth2 staking “with just two taps.”
Matrixport’s “ETH2.0 Staking Earn” product expects to earn yields of between 3% and 10%. Users are able to earn higher yields that are generated from a combination of average Eth2 staking rewards of 2.3%*, DeFi mining token revenues of 6.81%* and a transaction fee income of 0.14%*.
“ETH2.0 Staking Earn” generates additional yield through established DeFi protocols Curve and Lido, a liquid staking solution for Eth2 backed by industry-leading staking providers. Lido is currently the largest decentralized contract for Eth2 staking, with over 540,000 Ether (ETH) staked. By utilizing Curve, users also benefit from stable currency exchange services with low slippage and low transaction fees.
John Ge, co-founder and CEO of Matrixport, said:
“The transition to proof-of-stake is an important milestone for the ecosystem, but the barrier to meaningfully participate in Eth2 staking pools is still high for many. Matrixport’s ground-breaking “ETH2.0 Staking Earn” balances robust Eth2 staking rewards with the liquidity benefits of DeFi protocols. Additionally, the significantly lower investment thresholds encourage wider participation from the community. Our first-in-class product reflects Matrixport’s relentless commitment to bring to market innovative offerings that benefit the long tail of crypto users.”
Starting from Aug. 25 to 31, 2021, Matrixport users will be able to reserve their shares, which will then be confirmed on Sept. 1, 2021. To allow easy access for Eth2 investment, a lower investment threshold with a minimum of 5 ETH has been set. The investment yield will be updated once a month within three working days after the open period at the end of each month. Unlike other staking pools, “ETH2.0 Staking Earn” enables users to withdraw early, subject to an additional service fee.
Konstantin Lomashuk, co-founder of Lido decentralized autonomous organization, commented:
“With a mission to make staking simple and secure while maintaining both decentralization and censorship-resistance for Ethereum, this collaboration with Matrixport is perfectly aligned with the values of Lido through facilitating wider participation in the Ethereum staking economy. Lido is driven to contribute as much value as possible to the maturation of the DeFi staking economy, and this is another strong step toward that.”
Matrixport continues to empower investors to get more from their crypto by charting new pathways to invest and earn yields in a safe and sustainable manner. As the fastest-growing crypto platform in Asia, Matrixport’s exponential growth has been driven by robust technology capabilities and innovative product offerings, such as the world’s first crypto dual currency product. Earlier this month, Matrixport announced the successful close of its Series C fundraising round and a valuation of over $1 billion, with plans to continue its global expansion and to secure licenses to operate in more jurisdictions.
*Yield data as of Aug. 24, 2021. Please refer to the Matrixport app for the latest rates.
Matrixport is one of Asia’s fastest-growing digital asset financial services platforms. With $10 billion in assets under management and custody, it provides one-stop crypto financial services with over $5 billion in average monthly trading volumes. The offerings include Cactus CustodyTM, spot over the counter, fixed income, structured products, lending, as well as asset management.
Headquartered in Singapore, Matrixport’s mission is to make crypto easy for everyone and its motto is: “Get more from your crypto.” The company holds licenses in Hong Kong and Switzerland with over 230 employees serving both institutions and retail customers across Asia and Europe. For more information, visit Matrixport’s website.
Media contact (Matrixport):
Head of public relations, Ross Gan
Media contact (Wachsman):
Senior consultant, Bee Shin