Crypto staking has exploded in popularity as proof-of-stake networks like Ethereum transition away from energy-intensive proof-of-work. Investors are understandably eager to earn passive income on their crypto holdings.
However, most staking services operate on a custodial model where users relinquish control of their assets. Now, an innovative platform called CryptoStake offers a non-custodial alternative focused on security and transparency.
Validator Ownership for Maximum Control
Unlike centralized exchanges offering staking services, CryptoStake does not take custody of users’ funds. Instead, it allows clients to become validators on proof-of-stake networks like Ethereum 2.0, Polkadot, and Cosmos. Users retain full control of their crypto holdings in a Web3 wallet while earning the highest staking rewards in the industry.
How it works
Users create a unique validator through CryptoStake’s proprietary staking app. They receive a validator ID number displayed on CryptoStake’s monitoring network. This enables users to verify their validator status at all times easily. If they ever need to restore access without CryptoStake’s involvement, the validator ID, public and private keys are sufficient.
CryptoStake provides the infrastructure to spin up validators. But crucially, it never holds users’ private keys. Clients enjoy maximum control and flexibility with their staked assets.
Focus on Long-Term ETH Whales
CryptoStake’s target market is Ethereum whales seeking to earn yields on large crypto holdings. The platform emphasizes asset protection and proof of ownership to satisfy regulatory requirements. Users receive a detailed record of reward accruals for taxation purposes.
Annual percentage yields for Ethereum staking are currently around 5-7%. CryptoStake does not offer unrealistic double-digit returns like some DeFi protocols. Instead, the project focuses on the inherent staking rewards of top utility tokens like ETH, DOT and ATOM. For large investors playing the long game, CryptoStake provides a secure infrastructure to compound gains over time.
Non-Custodial Beats Liquid Staking
Liquid staking protocols allow users to tokenize staked assets. This unlocks the value, enabling liquidity and DeFi composability. But users must trust the protocol and accept the associated risks.
CryptoStake rejects liquid staking’s centralized model. Users never relinquish control of their native assets, and they don’t receive liquidity tokens with questionable backing. CryptoStake believes non-custodial staking brings greater security and transparency for clients.
Minimal Fees for Validator Services
CryptoStake earns revenue by charging network fees for operating validator nodes. For Ethereum staking, it receives a share of “tips” or execution fees. Its platform fees are just 3% – considerably lower than most centralized staking services.
CryptoStake focuses on ETH whales with a long-term investment horizon who prioritize security over maximizing yields by all costs. For these clients, its non-custodial model and low fees provide excellent value.
One-Stop Shop for Multi-Chain Staking
CryptoStake consolidates staking across different blockchains. Users can stake ETH, DOT and ATOM in one place instead of managing multiple wallets and protocols. The platform abstracts away blockchain intricacies, providing a smooth user experience.
An integrated rewards calculator shows projected yields over various time horizons, claiming rewards is simple with just a few clicks. CryptoStake aims to provide convenient staking for holders of top proof-of-stake cryptocurrencies.
Non-Custodial Staking Comes of Age
In summary, CryptoStake delivers non-custodial staking focused on security and transparency. For investors with a long-term outlook, it’s an appealing option in a crowded staking landscape. As proof-of-stake adoption grows, expect more platforms supporting validator models that maximize user control.