Hey everyone! It's Neeraj Khandelwal from CoinDCX. We launched a new product ETH2 staking. CoinDCX has always taken a community-centric approach when it comes to the development and adoption of blockchain in the community. This time, CoinDCX is creating an ecosystem for the users to make the best use of Eth2.0. One of the major issues related to staking as a validator on ETH 2.0 is the high fund requirement of 32 ETH. Other problems include the lack of technical knowledge for running and maintaining the validator nodes, getting penalized for staying inactive during the validation process, or acting maliciously to affect the network. To start off, we have come up with an innovative way where users do not have to worry about high fund requirements of 32 ETH, any technical knowledge about validator maintenance, slashing and inactivity leak penalties, and most importantly illiquidity. Users can now stake as many ETH as they want, starting with a minimum of 0.1 ETH. Once the limit of 2000 staked ETH is reached, CoinDCX promises to launch a 1:1 liquid Ethereum backed token. The token will be completely liquid and it will various benefits (related to the CoinDCX community) for token holders I will be happy to take any questions related to the product. Thank you for reading.

Nice. Good luck with the launch

Hello PH! We’re thrilled to have created an easy and safe way for you to stake your Ethereum. Ethereum is the second most valuable blockchain after Bitcoin. Recently Ethereum launched ETH 2.0 which is the biggest technology upgrade of the protocol. As part of this upgrade, ETH will shift from Proof of Work (POW) to Proof Of Stake (POS) consensus mechanism. All the users who participate in governance in ETH 2.0 will get rewards for their participation. But, Staking Ethereum directly through blockchain is difficult for retail and small investors due to inbuilt protocol requirements like : - Having to stake a minimum of 32 ETH to participate, - Penalties due to inactivity - Illiquidity of staked funds for over 1 year and much more. We felt all of the above needed to be solved and small investors holding limited Ethereum also need to be given a chance to participate. Hence, we devised a smart contract-driven solution to enable you to stake as low as 0.1 ETH vs having to stake 32 ETH. We are also giving you a stake-backed token in return for your staked Ethereum which you can use to trade on the CoinDCX ecosystem, which solves the liquidity issues. There are more benefits of staking your Ethereum through CoinDCX which we will be releasing soon.

One of the first Indian exchange to roll out this feature for hassle free ETH2.0 stacking

ETH 2.0 Staking In 3 Words: Democratization (of a) Decentralized Ecosystem. \m/

This looks pretty amazing! Looking to see more updates and addition to it.

Very cool and will be very useful. I cant wait for seeing more features added to it.