
By utilizing DeFi Pooling technology, Stake+ splits the high gas costs of Ethereum Layer 1 (L1) across
dozens of participants, thereby substantially lowering the gas fees for each individual user. With
reduced gas fees, small-scale investors can maintain profitability, as these costs no longer consume
their entire yield.
Staking Boost enables you to earn an extra yield on your staked ETH by becoming a liquidity provider in
the ETH-wstETH pool on mySwap AMM. All this in one click.
DeFi Pooling aggregates funds from numerous users into a smart contract on Starknet. These funds are then bridged to Ethereum (Layer 1) to be staked on Lido. The resulting tokens, wstETH, are returned to Starknet (Layer 2) and distributed to all users who deposited funds in the pool.
Staking ETH with Stake+ takes up to 16 hours. This includes bridging ETH to Ethereum, staking it through
Lido, returning it as wstETH to Starknet, and distributing the liquid token into your wallet.
Similarly, withdrawing ETH also requires up to 16 hours, encompassing the withdrawal of your funds from
mySwap AMM, bridging of wstETH to Ethereum, unstaking through Lido, and bridging the ETH back to
Starknet.
The number of hours required for a roundtrip is expected to drop dramatically as Starknet gets more
mature.
Staking Boost or withdrawing happens in one click.
According to current gas prices, it will cost ~$0.01 to stake on Starknet via Braavos, while on Ethereum L1, it will cost 20x more.
The Stake+ tab in your Braavos wallet displays details about your staked ETH:
Enjoy a next generation wallet designed for a safe and intuitive start