More than 20,000 ETH are pledged in Huobi BETH, and the annualized return on locked ETH is as high as 117.42%?

At 8:00 pm on December 1st, the Ethereum 2.0 mainnet was officially launched, bringing a prosperous scene. The long-awaited Ethereum 2.0 has finally arrived, and it has taken another milestone step towards the "world computer".

As originally planned, the Ethereum 2.0 deposit contract reached the target of 524,288 ETH on November 24, but staking did not stop with the launch of the Ethereum 2.0 mainnet. According to data, the current Ethereum 2.0 deposit contract address has received more than 900,000 ETH, reaching about 1.6 times the original target.

The participation threshold of 32 ETH limits the entry of some retail investors who are also optimistic about ETH2.0. The BETH one-click participation in ETH2.0 staking activities launched by centralized exchanges has lowered the threshold for ordinary investors to participate in ETH2.0 staking.

It is understood that Huobi, Binance, and BiKi have launched the ETH2.0 one-click staking function, which allows users to stake ETH to obtain BETH. OKEx will launch the ETH2.0 staking mining service before December 17, and even Coinbase has announced that it will support BETH transactions in the future.

The full name of BETH is Beacon ETH, and its name is taken from ETH2.0 Phase 0 - Beacon Chain. BETH is the beacon chain ETH (Beacon ETH) obtained by users participating in ETH 2.0 staking mining.

Among them, Huobi's BETH was launched the earliest, and the yield is also very attractive. According to data analysis and statistics, as of 20:00 on December 3, 20,565.18 ETH have participated in Huobi ETH2.0 one-click staking, with an annualized reward rate of between 6% and 20%.

Unlike other exchanges, users who participate in the ETH2.0 one-click staking activity on Huobi can not only obtain rewards for staking ETH, but also obtain HPT as an additional airdrop reward. HPT is the Huobi mining pool token with a total issuance of 10 billion.

Binance launched the ETH2.0 one-click staking event shortly after Huobi. Like Huobi, users who stake ETH on Binance will not only receive the original staking income BETH, but will also receive additional BNB equivalent to the BETH income. During the event, the income obtained by users = BETH income obtained from staking ETH + BNB equivalent to the BETH income. However, the event only lasts for two weeks: from 08:00 am on December 2, 2020 to 08:00 am on December 16, 2020.

Some users made a simple comparison of the returns of staking ETH on Huobi and Binance. In addition to obtaining the original staking income BETH, Binance's additional annualized return is 0.64%, which is released once in the form of BNB two weeks before the event, while Huobi's additional annualized return is about 1%, which is released every day in the form of HPT. In this way, the overall return of staking ETH on Huobi will be much higher than that on Binance.

In addition, Huobi has also launched the "Lock ETH/BETH to Earn Coins, Share 63,000 SOL Rewards" event. SOL is the native token released by Solana, a Silicon Valley star public chain. Solana is a high-TPS, high-scalability public chain originated in Silicon Valley. Through its own consensus mechanism PoH (Proof of History), it can achieve expansion on the underlying public chain without the need for second-layer expansion solutions such as sharding. In the test network environment, Solana's TPS can exceed 50,000/second.

From December 3 to December 10, users will share 63,000 SOL (worth approximately US$138,000) based on their locked ETH/BETH shares, with the annualized reward rate for locked BETH being approximately 117.42%.