It's important that you review the risk disclosures before opting in.
Ethereum can be staked with Wealthsimple. To learn more about the benefits, risks, and fees of staking Ethereum, refer to the chart below.
Crypto |
Ethereum (ETH) |
Currency in which rewards are paid out |
ETH |
Available to unstake? |
Yes. Learn more here. |
Protected from slashing risks? |
No. Learn more in our Wealthsimple Crypto Product Risk Disclosure. |
Fees |
Refer to our Crypto Fee Schedule. |
Reward Rate (after fees) |
Check in-app for latest reward rate |
Are rewards automatically staked? |
Yes. Clients who have auto-staking toggled on for ETH will now have any new rewards automatically staked. |
First reward (subject to change) |
11 days |
All future reward payouts (subject to change) |
7 days |
Minimum amount of crypto required to stake |
0.01 ETH |
Slashing risk with Ethereum
It is important to understand the risk of slashing that comes with staking Ethereum.
What is slashing?
Slashing is a penalty for a validator’s dishonest behavior that results in the loss of some or all of your staked assets and any rewards.
In the event that a supported Ethereum validator is slashed, Wealthsimple Crypto has no obligation to replace any lost ETH or otherwise provide compensation for any losses. The negative impact of slashing will be allocated to all clients using the Staking Functionality at the time of the slashing event, in proportion to the amount of ETH they had staked.
We perform thorough due diligence on our partner validators to ensure they have sophisticated staking operations that ensure uptime, mitigate risks and provide seamless access to clients if they do not want to stake independently.
For more information, refer to our Ethereum asset statement.
Unstaking Ethereum
For instructions as well as information relating to the implications of unstaking Ethereum, please review the Unstake your Ethereum (ETH) article.
Learn about The Merge
To learn more about the impact of The Merge on ETH staking, please see The Merge article here.
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