Crypto staking: Ethereum (ETH)

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.

Tip: For more information about crypto staking, check out these resources:

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

Note: The in-app reward rate is updated on a weekly basis. The reward rate is powered by our staking partner Figment. The reward rate varies weekly and will be shown in the app “up to” using the previous week’s maximum reward rate. For real-time information, refer to the Wealthsimple app or the links to external sources.

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.

Note: If you’ve submitted a new staking request, that specified ETH can only be unstaked through the process outlined in the Unstake your Ethereum (ETH) article. It's important to note that timelines can vary.

Learn about The Merge

To learn more about the impact of The Merge on ETH staking, please see The Merge article here.

Slashing risk with Ethereum

Unstaking Ethereum

Learn about The Merge

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