ETHYS

Ethereum StakeETHYS

Rank #1303
Token
On 450 watchlists

Ethereum Stake Price (ETHYS)

$4.88
6.59%

0.0001495 BTC

0.003583 ETH

Low:$4.69
High:$5.23
24h
ETHYS  Ethereum Stake ETHYSPrice: $4.88 6.59%
Market Cap
$976,924
6.59%
Fully Diluted Market Cap
$2,442,310
6.59%
Volume
24h
$2,740
18.87%
Circulating Supply
200,000 ETHYS
40%
Max Supply
500,000

Ethereum Stake Chart

 

How do you feel about Ethereum Stake today?

Vote to see community results

About Ethereum Stake

Ethereum Stake price today is $4.88 USD with a 24-hour trading volume of $2,739.52 USD. Ethereum Stake is down 6.59% in the last 24 hours. The current CoinMarketCap ranking is #1303, with a market cap of $976,924 USD. It has a circulating supply of 200,000 ETHYS coins and a max. supply of 500,000 ETHYS coins.

What Is Ethereum Stake (ETHYS)?

Ethereum Stake (ETHYS) is a decentralized finance (DeFi) token, the first to launch on the Ethereum Yield (ETHY) ecosystem in December 2020.

Specifically designed for staking, Ethereum Stake aims to allow investors to benefit from the Ethereum 2.0 upgrade while earning passive income from providing liquidity.

Ethereum Yield itself is a yield farming protocol for 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.

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.

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.

Read more about Ethereum Yield (ETHY) here.

Read more about cVault.finance (CORE) here.

Crypto newbie? Get the answers to all your questions on Alexandria, 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 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) Uniswap for Wrapped Ether (WETH).

New to cryptocurrency? Read our easy guide to buying Bitcoin or any other token.

converter-coin-logo

ETHYS

Ethereum Stake

converter-coin-logo

USD

United States Dollar

ETHYS Price Statistics

Ethereum Stake Price Today
Ethereum Stake Price$4.88
Price Change24h$-0.3220

6.59%

24h Low / 24h High
$4.69 /
$5.23
Trading Volume24h$2,739.52

18.87%

Market DominanceNo Data
Market Rank#1303
Ethereum Stake Market Cap
Market Cap$976,923.90

6.59%

Fully Diluted Market Cap$2,442,309.74

6.59%

Ethereum Stake Price Yesterday
Yesterday's Low / High
$4.69 /
$5.31
Yesterday's Open / Close
$5.07 /
$4.74
Yesterday's Change

6.41%

Yesterday's Volume$2,670.05
Ethereum Stake Price History
7d Low / 7d High
$3.97 /
$5.40
30d Low / 30d High
$3.76 /
$5.90
90d Low / 90d High
$3.76 /
$13.50
52 Week Low / 52 Week High
$3.76 /
$13.50
All Time High
Dec 09, 2020 (2 months ago)
$13.50

63.81%

All Time Low
Dec 27, 2020 (a month ago)
$3.76

29.88%

Ethereum Stake ROI
No Data
Ethereum Stake Supply
Circulating Supply200,000 ETHYS
Total Supply500,000 ETHYS
Max Supply500,000 ETHYS

Ethereum Stake Markets

No Data

Ethereum Stake News

Read more