Since last week, cryptocurrency lovers are able to stake on Ethereum 2.0. However, the fund-raising had a slow uptake so far, early Ethereum 2.0 investors can earn huge profit.
Only whales and Ethereum enthusiasts contributed so far
Since six days ago, Ethereum foundation enabled staking on Ethereum 2.0. Over 50000 ETH staked during this period. But, people who joined and staked in Ethereum 2.0 are limited to Ethereum enthusiasts and Vitalik himself as well as whales.
In order to launch the project, it requires 524,288 ETH, but so far only 9.6% of the total amount staked. Vitalik himself staked 3200 ETH.
Statistics show that so far 50,332 ETH has been staked and 473,956 more ETH is required to launch Ethereum 2.0.
Early Ethereum 2.0 Investors Can Earn Huge Profit; The launch date may experience delay
Now, the exact launch date is under question. Many believe that the December 1 launch date was a bit optimistic. In fact, they think the project has far to go until it can be launched. Still, 16,384 more validators require staking in order to launch Ethereum 2.0.
Huge rewards for early investors
Those investors who invested earlier in the project will get more rewards. The reason is that the return of the investment will decrease when the amount staked increases.
Adam Cochran, the Cinneamhain Ventures Partner, explained the rewards program. He says at the min ETH staked, investors get around 36%. At 1M ETH they will get 18% and at 2.5M ETH they get 10.2%. So, as it shows, there is a huge gap between the profit of early investor compare to those join later.
Adam estimates that the earning could be as high as 36% APY, once the new blockchain starts to work. However, Ethereum 2.0 Launchpad reports the 21.6% APY. Anyway, this amount is still more than any DeFi protocol at the moment.