Ethereum 2 (ETH2) is an upgrade to the Ethereum network that aims to improve the network’s security and scalability. This upgrade involves a shift in Ethereum’s mining model (“Proof-of-Work”) to a staking model (“Proof-of-Stake”).
ETH2 = staked ETH. Coinbase offers our customers the ability to stake their ETH to earn rewards. When you stake your ETH, it converts to ETH2 on Coinbase. The price of ETH2 is identical to ETH. Once the upgrade to the Ethereum network is complete, both ETH and ETH2 will merge into one token.
Staking is the process of actively participating in transaction validation (similar to mining) on a Proof-of-Stake blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn staking rewards. Learn about how staking works on Coinbase.
You may earn yield on any ETH that you stake as a reward for helping secure the network. ETH staking rewards are given in accordance to how much ETH is validated and what rewards the network is offering over a time period. When there is very little ETH staked, the protocol rewards will be larger as an incentive for more ETH to come online. As an increasing amount of ETH is staked, the reward is reduced. View the current amount of ETH staked.
ETH staking is offered under the terms and conditions of our User Agreement and any additional terms that may be presented at the time you choose to stake. ETH staking is experimental and involves some risks including possible failure of the network. Please ensure you independently assess, understand, and accept the related risks before deciding to stake.
An important risk to be aware of is the possibility of losing your staked assets due to slashing. Slashing is a penalty enforced at the protocol level associated with a network or validator failure.
Coinbase has taken measures to minimize the risk of slashing. However, slashing can be caused by events outside of our control that could lead to the loss of staked ETH. If you started staking prior to August 30, 2021, Coinbase will replace any ETH lost to slashing at no additional cost. If you started staking your ETH after August 30, 2021, some conditions apply—please refer to the terms you accepted at initial staking or see the User Agreement for details.
There are no minimums to stake on Coinbase. There is a maximum amount of ETH that each user can stake to help manage network limits. This maximum amount will change over time and is not specific to your individual account.
To be eligible to stake ETH, you must: