ETH 2.0 deposit contract short of target

The number is slightly lower than the 10% minimum required by the contract, with a launch date for Ethereum 2.0 now scheduled for December 1, 2020. However, the minimum stake threshold will have to be met nevertheless.

While the news of a new depositor contract sent activity up on the Ethereum ecosystem, most of that has now petered off, begging the question if the necessary minimum amount would be collected.

There could be some elements to the implementation of the new contract that make ETH users a little reluctant to commit early. For example, Ethereum 2.0 deposits are not withdrawalable until a later stage between Phase 1 and Phase 2, making some users fidgety.

Moreover, there is the relatively small yield to gain from locking in one's Ethereum stock, which must be not very tempting to stakeholders who would much rather prefer to stick with liquidity over anything else.

According to MyCrypto CEO Taylor Monahan this is the sort of trade-off that most users wouldn't consider worthwhile. In the meantime, you can join and explore a number of Ethereum casinos, including, BitStarz, and FortuneJack.

Want the chance to win an iPhone 11 Pro? Then take a couple of minutes to complete our CGN survey.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Tudor

Works as a developer and helps keeps the digital cogs turning. Leave them alone, they're busy.

Similar News