P2P.org<\/a> has launched its Ethereum staking solution on Safe, the distributed custody protocol that safeguards over $38 billion in total assets, a strategic maneuver anticipated to simplify the process for individuals wishing to stake ETH without the necessary physical setup.<\/p>\n<\/div>\n Through P2P\u2019s application, patrons utilizing Safe can now stake their ETH instantly \u201cwith merely a few clicks while retaining complete ownership over their staked ETH,\u201d remarked P2P CEO Alex Esin in the announcement made on Wednesday. Users opting to stake 32 ETH \u2013 the minimal sum required to stake on Ethereum \u2013 via the application will also benefit from slashing protections, ensured by P2P, as mentioned in the announcement.<\/p>\n<\/div>\n When a validator fails to perform its responsibilities, often due to being offline, the network imposes a financial penalty on the validator and reduces the staked ETH. P2P has experienced zero slashing incidents and will reimburse the slashed amount based on a user\u2019s coverage selection, as stated by P2P\u2019s communications spokesperson Rick Bagshaw.<\/p>\n<\/div>\n Ethereum presently has over 22.8 million staked ETH valued at nearly $40 billion protecting its network, according to data from blockchain analytics company Nansen<\/a>, and P2P\u2019s collaboration with Safe is intended to facilitate greater participation from cryptocurrency users in staking.<\/p>\n<\/div>\n P2P\u2019s introduction of its \u201cfirst-ever direct staking application on the Safe Apps ecosystem\u201d is a forward step toward promoting \u201cnon-custodial staking services to an expanding DeFi community,\u201d according to the announcement.<\/p>\n<\/div>\n Edited by Nick Baker.<\/p>\n<\/div>\n DISCLOSURE<\/p>\n Please be informed that our<\/p>\n privacy policy<\/a>,<\/p>\n terms of use<\/a>,<\/p>\n cookies<\/a>, <\/p>\n and<\/p>\n do not sell my personal information<\/a><\/p>\n have been revised<\/p>\n .<\/p>\n The authority in news and information concerning cryptocurrency, digital assets, and the future of finance, CoinDesk is a media organization that aims for the highest journalistic standards and adheres to a<\/p>\n stringent set of editorial guidelines<\/a>. <\/p>\n CoinDesk operates as an independent subsidiary of<\/p>\n Digital Currency Group<\/a>, <\/p>\n which invests in<\/p>\n cryptocurrencies<\/a><\/p>\n and blockchain<\/p>\n startups<\/a>.<\/p>\n As a part of their compensation, certain CoinDesk personnel, including editorial staff, may receive exposure to DCG equity through<\/p>\n stock appreciation rights<\/a>,<\/p>\n which vest over several years. CoinDesk reporters are prohibited from purchasing stock directly in DCG<\/p>\n .<\/p>\n<\/div>\n<\/div>\n <\/a><\/div>\n Sage D. Young is a technology protocol journalist at CoinDesk. He possesses a selection of NFTs, gold and silver, along with BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR. <\/p>\n Follow @httpsageyd on Twitter<\/a><\/p>\n<\/div>\n<\/div>\n Discover more about Consensus 2024<\/a>, CoinDesk\u2019s longest-standing and most impactful event that unites all aspects of crypto, blockchain, and Web3. Visit consensus.coindesk.com<\/a> to register and purchase your pass now.<\/p>\n https:\/\/www.coindesk.com\/tech\/2023\/06\/14\/p2porgs-ethereum-staking-application-is-now-available-on-popular-wallet-provider-safe\/?utm_medium=referral&utm_source=rss&utm_campaign=headlines<\/p>\n The article P2P.org\u2019s Ethereum Staking Application Is Now Available on Popular Wallet Provider Safe<\/a> first appeared on BTC Ethereum Crypto Currency Blog<\/a>.<\/p>\n![\"CoinDesk](\"https:\/\/www.coindesk.com\/resizer\/VICS7P8YcxDiA6YUSUIaFIm30qs=\/72x72\/filters:quality(80):format(jpg)\/s3.amazonaws.com\/arc-authors\/coindesk\/3511dac7-07ba-4423-9003-82143ec00eab.png\")
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