Start by downloading the Blox Staking Desktop app, here. In order to set up a validator using the app, you will need a cloud account, crypto wallet, and 32 ETH. The entire process is easy and seamless, just use the in-app walkthrough and start staking in no time.
32 ETH (and a little more for gas fees) is the current minimum staking amount. In the future, decentralized staking pools will be released for a lower minimum deposit.
Blox doesn’t hold you ETH or your keys. You’re in full control of your assets at all times.
Notably, seed generation is completed locally and your validator key is segregated and protected in a remote signer that is solely accessible by you. Blox Staking’s attestation design and architecture promote
optimal connectivity to the blockchain and includes built-in slashing protection to avoid penalties and
maximize ETH returns. Learn more, here.
Yes, Blox has created and is operating 2 different products; Blox Finance and Blox Staking.
Validator approval times vary depending on network participation and the number of validators waiting in the queue. Normally, it can take between 4 to 24 hours. For your convenience, once your validator has been approved, we will notify you via email. You can also check the status of your validator on any Beacon Chain explorer.
Custodial staking services manage the entire ETH staking process on behalf of the user and have ‘custody’ over user private keys. Some centralized services only retain access to user validator keys and are hence ‘semi-custodial’. Alternatively, non-custodial staking affords the user complete control of their private keys, while facilitating and optimizing the staking process.
As part of the project development team, Blox received a grant from the EF to develop Secret Shared Validator (SSV) nodes for Ethereum staking.
Yes. As the platform is fully non-custodial, you can opt-in and out as you please. Learn more, here.
Cloud services range from $7-15/month. For AWS, the first 12 months are free for new users.
As many as you’d like (up to 300 per instance)!
Users running a validator using Blox Staking keep complete control over their private keys, as in a solo setup. The value-add of running a validator using Blox is that stakers can enjoy the security of an at-home validator without the hassle of updating, maintaining, and defending against slashing on one’s own.