You can most certainly stake your Ethereum on Coinbase Pro! In case you’re not familiar, staking is the process of holding cryptocurrency in a wallet to support the network and earn rewards. It’s a bit like earning interest on a savings account, but with digital currency.
And like any good savings account, the more you stake, the higher the rewards.
The great thing about staking Ethereum on Coinbase Pro is that it’s a very simple process. Just deposit your ETH into your account and then click on the “Stake” button.
That’s it! Your ETH will then be used to help support the Ethereum network and you’ll start earning rewards.
Rewards are paid out in proportion to the amount of ETH that you stake. So, if you stake 1 ETH, you’ll earn 1/100th of the total rewards pool. The current reward rate for staking ETH on Coinbase Pro is 5% per year.
That means if you stake 1 ETH, you can expect to earn 0.05 ETH in rewards over the course of a year.
Of course, as with any investment, there is always some risk involved. The price of Ethereum could go down and you could end up losing money.
However, if you’re confident in Ethereum’s long-term prospects, staking is a great way to earn some additional return on your investment.