How often do we update APR and rewards numbers on the UI?
Gemini updates APR and staking reward amounts once a day around 4PM ET.
What is the main difference between basic Staking and Staking Pro?
Staking Pro is a service designed for advanced customers who require more control over their staked assets and desire greater on-chain transparency. This service is ideal for those who want to avoid sharing staking rewards and are willing to meet the network minimums, such as 32 ETH for Ethereum staking. It's worth noting that customers need a significant amount of staked assets in Staking Pro to accrue high returns on Ethereum. This is because fewer validators means a lower chance of being selected to propose new blocks and earn execution and MEV rewards.
On the other hand, Basic Staking is a more accessible option for customers who want to participate in staking without any minimum requirements. However, customers who choose Basic Staking will only receive rewards proportionally based on their stake amounts. Both options have their own advantages and disadvantages, so it's important for customers to carefully consider their needs and requirements before making a decision.
What is the minimum amount required to participate in Staking Pro?
A minimum of 32 ETH is required to participate in Staking Pro.
What are the benefits of using the Staking Pro feature?
One of the main advantages of using Staking Pro is the increased on-chain visibility and transparency it offers. With Staking Pro, customers can create validators on Ethereum, giving them greater control and visibility over their staking operations. This increased level of control and visibility allows for greater auditing of staking rewards and service level agreements (SLAs). This is particularly important for institutional customers, who require a high degree of transparency and accountability. By using Staking Pro, these customers can have a more detailed and accurate view of their staking rewards and SLAs, which helps them to make more informed decisions about their investments.
How does Gemini address the security concerns of customers?
Gemini ensures the security of all staking products by managing the withdrawal keys internally without ever delegating them to a third party. This means that our staking product is protected by the robustness of our state-of-the-art crypto custody solution, which ensures the safety and integrity of our customers' assets.
What is the APR rate for ETH tokens staked using the Staking Pro feature?
The annual percentage rate (APR) for staking on Ethereum can vary depending on factors such as the number of validators and transaction volume on the network. However, it's important to keep in mind that having a smaller number of validators in the Staking Pro product may result in lower staking rewards. This is because fewer validators mean a lower chance of being selected to propose new blocks and earn execution layer rewards. Therefore, customers who choose Staking Pro must stake a significant amount to increase their chances of being selected and earning higher rewards.
Can I buy new ETH tokens and immediately start staking them on Gemini?
Yes, you can buy new ETH tokens and immediately start staking them on Gemini. However, it's important to note that unstaked tokens purchased with ACH cannot be withdrawn from the Gemini Exchange platform until the ACH transaction has cleared, which usually takes about 5 days after the purchase date.