Announcing Non-Custodial Staking!
Staking for everyone is now here
By Lantern Finance
24 Jul 2024
We are thrilled to announce the launch of Lantern's new non-custodial ETH staking offering! This is available to clients in all 50 US states. Non-custodial staking provides you with greater control over your assets while continuing to benefit from access to earning staking rewards.
What is Non-Custodial Staking?
With non-custodial staking, you can keep crypto in your self-custody wallet (e.g., Metamask, Ledger, Coinbase Wallet, etc.), and simply "Connect Wallet" within Lantern to stake. One caveat to note however, is that with non-custodial staking, you will need to stake a minimum of 32 ETH. Because you retain full custody of your assets, 32 ETH is the minimum amount needed to spin up a validator and start staking on the Ethereum network.
Key Features of Non-Custodial Staking:
Lower Staking Fees: Non-custodial staking fees start at 8% of staking rewards compared to 15% for the custodial offering. Depending on your staking volume, we can also craft bespoke staking fees for you. Please reach out to us by replying directly to this email or to support@lantern.finance if you'd like to learn more.
Complete Control: Users who opt for non-custodial staking will have complete control over their private keys and digital assets at all times, eliminating the need to trust any 3rd party custodian.
Transparency: Because you own each validator, you will have a clear view into the staking process, including rewards accumulation, staking & unstaking timelines, and more through the Lantern dashboard.
Getting Started
To take advantage of our new non-custodial staking offering, simply follow these steps after creating your account, completing KYC/KYB, and logging in to your Lantern Finance account:
Click on the Non-Custodial tab
Connect your wallet, which will unlock the "Stake" button
Click "Stake"
Determine how many validators (units of 32 ETH) you'd like to stake
If you'd like to hop on a call for a guided onboarding and/or discuss bespoke staking fees, please reach out by replying directly to this email, or to support@lantern.finance. We can go over each step together.
Want to Take Out a Loan Against Your Crypto?
You can also borrow fiat or stablecoins against your staked crypto. Please reply directly or email support@lantern.finance if you are interested in doing so.
Our Commitment to You
Since our inception, our mission has been to drive the industry forward with best-in-class user experience and innovative financial products centered around crypto staking. With the addition of our non-custodial staking offering, we are another step closer to achieving our mission. We look forward to onboarding you and have you join our community.