## What Is Ethereum Stake (ETHYS)?

Ethereum Stake (ETHYS) is a decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance)) token, the first to launch on the [Ethereum Yield](https://coinmarketcap.com/currencies/ethereum-yield/) (ETHY) ecosystem in December 2020. 

Specifically designed for [staking](https://coinmarketcap.com/alexandria/glossary/staking), Ethereum Stake aims to allow investors to benefit from the [Ethereum 2.0](https://coinmarketcap.com/alexandria/article/a-dive-into-ethereum-2-0) upgrade while earning passive income from providing liquidity.

Ethereum Yield itself is a yield farming protocol for [Ethereum](https://coinmarketcap.com/currencies/ethereum/), building on one of the most popular trends in the DeFi movement since it took off early in 2020.

Ethereum Stake closely follows Ethereum Yield in style and substance, copying features such as fee mechanisms which punish “weak hands” and benefit long-term liquidity providers.


### Who Are the Founders of Ethereum Stake?

Like many DeFi projects, the creators of Ethereum Stake and Ethereum Yield are pseudo-anonymous. 

Ethereum Stake is nonetheless described as a direct subsidiary of Ethereum Yield, with the implication that the two projects’ developer teams are the same. 

Despite the lack of clear developer identities, the structure of Ethereum Stake disincentivizes exit maneuvers from its team — fees and locked liquidity which its official literature calls “anti-rug mechanisms.”

“Rugs” refer to a popular turn of phrase among cryptocurrency investors which describes the practice of absconding or flooding a coin’s market with liquidity at a certain price point so that the price subsequently crashes. It is akin to “pulling the rug out from” beneath an object.


#### What Makes Ethereum Stake Unique?

Ethereum Stake caters to cryptocurrency investors with knowledge of DeFi and its most popular activities — specifically [yield farming](https://coinmarketcap.com/alexandria/article/what-is-yield-farming).

Holders with spare capital can use this as liquidity which they dedicate to the project, earning passive income as a reward and helping to secure its network — a process known as [staking](https://coinmarketcap.com/alexandria/article/what-is-staking). 

Ethereum Stake includes mechanisms designed to attract developers’ preferred investor profile, one which will provide liquidity on a long-term basis. Short-term speculators and bots are penalized with extra fees.

Out of the fees charged, a certain percentage is returned to what is called the Ethereum Yield price protection fund, a pool of liquidity designed to support ETHY.

Ethereum Stake is just the first ETHY subsidiary project, with plans for further offerings to benefit a similar investor base.


#### Related Pages:

Read more about Ethereum Yield (ETHY) [here](https://coinmarketcap.com/currencies/ethereum-yield/).

Read more about cVault.finance (CORE) [here](https://coinmarketcap.com/currencies/cvault-finance/).

Crypto newbie? Get the answers to all your questions on [Alexandria](https://coinmarketcap.com/alexandria/categories/crypto-basics), CoinMarketCap’s dedicated education resource.


#### How Many Ethereum Stake (ETHYS) Coins Are There in Circulation?

The native token of Ethereum Stake is ETHYS, a fixed-cap cryptocurrency with a total supply of 500,000 ETHYS.

Of these, 100,000 were distributed via a public presale in late November and early December 2020. Tokens were sold variously at 0.015 ETH and 0.02 ETH per ETHYS.

Once staking itself began, participants could begin earning more ETHYS via staking rewards, subject to time commitment. 

Ethereum Stake’s literature states that 80% of tokens allocated to the developer team will go towards staking rewards.

Additional sources of income, such as the “weak hand” tax, will go towards the Ethereum Yield price protection fund, as detailed above.


### How Is the Ethereum Stake Network Secured?

Ethereum Stake, as its name suggests, gets its protection from user involvement, with staking also helping to protect network security and stability.

The penalty system further helps to incentivize liquidity providers to remain on board for the long term, rather than speculate with ETHYS and cause volatility or liquidity problems.

ETHYS is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) standard token running on Ethereum.


### Where Can You Buy Ethereum Stake (ETHYS)?

As a DeFi token, trading of ETHYS takes place on automated market maker ([AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm)) [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/) for [Wrapped Ether](https://coinmarketcap.com/currencies/weth/) (WETH).

New to cryptocurrency? Read our [easy guide to buying Bitcoin](https://coinmarketcap.com/how-to-buy-bitcoin/) or any other token.

Ethereum Stake

Trust Wallet

MetaMask

Ethena

io.net

Baseheroes

BABY BEERCOIN

Notcoin

Hedgehog in the fog

Niza Global

BEERCOIN

Biaoqing

Bitcoin

Brickken

CatSolHat

Solana

Ethereum

Toncoin

Pepe

Shiba Inu

Aethir

Brett (Based)

Kaspa

Dog (Runes)

Bullish CDP LHS1 May Campaign

Big Time - CDP LHS2 (Desktop Only) 2024

Uphold CDP LHS2 May campaign

BitGet CDP LHS2 May campaign

DexCheck Seach Bar

ChainGPT CDP Community

DexCheck Community Panel

Solidus Ai Tech - Portfolio Page

Bc.game Dexscan Banner

KuCoin India Homepage campaign

Neutral

Extreme fear

Fear

Greed

Extreme greed

 🔥 Memes

 🔥 Solana Ecosystem

 🔥 Gaming

 🔥 AI

Ethereum Stake precio
ETHYS

Ethereum Stake community

Ethereum Stake noticias

Acerca de Ethereum Stake

Criptomonedas más visitadas

Titulares