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Introduction

Ethereum is a layer-1 blockchain designed to enable decentralized applications. The network is secured using a proof-of-stake consensus mechanism, and its native token, ETH, allows token holders to collect rewards for helping secure the network. Porto by Anchorage Digital offers support for Ethereum including:
  • Custody your ETH (deposit and withdraw)
  • Stake ETH to a dedicated validator and collect rewards
Staking operations can be initiated both in the iOS app and on the web dashboard.

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How to stake ETH

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Staking from iOS

1

Navigate to the wallet

Tap the vault that holds the ETH you would like to stake, then tap ETH to select the wallet.
2

Initiate staking

Tap Stake, then tap Continue to review and accept the Ethereum staking disclosures.
3

Enter the number of validators

Enter the number of validators you would like to fund and tap Continue.
4

Submit biometric approval

Review the operation details and submit biometric approval.

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Staking from the web dashboard

1

Navigate to the wallet

Go to the vault on the web dashboard and select the ETH wallet.
2

Initiate staking

Hover over the address field and click Stake.
3

Enter the number of validators

Enter the number of validators you would like to fund and proceed to review the operation.
4

Submit biometric approval

Review the operation details and click to submit biometric approval in the iOS app.

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Ethereum staking rewards

Rewards are automatically deposited into your Porto wallet (the wallet from which you staked). For any validator with a balance greater than 32 ETH, the amount over 32 ETH will be routinely withdrawn to your available balance. This sweep occurs automatically approximately every five days.

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How to unstake ETH

Full staking withdrawals involve unstaking the full 32 ETH that was initially staked to a validator.
Unstaking is subject to an unbonding period determined by network conditions.

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Unstaking from iOS

1

Navigate to the wallet

From the vault page, tap ETH and select the wallet with your staked ETH.
2

Initiate unstaking

Tap Unstake.
3

Enter the number of validators

Enter the number of validators you would like to unstake and tap Continue.
4

Submit biometric approval

Review the operation details and submit biometric approval.

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Unstaking from the web dashboard

1

Navigate to the wallet

Go to the vault on the web dashboard and select the wallet with your staked ETH.
2

Initiate unstaking

Hover over the address field and click Unstake.
3

Enter the number of validators

Enter the number of validators you would like to unstake and proceed to preview the operation.
4

Submit biometric approval

Review the operation details and click to submit biometric approval in the iOS app.

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Frequently asked questions

How do I claim my ETH rewards? No action is needed. Rewards are routinely withdrawn to your available balance automatically. How long does it take to unstake? A full staking withdrawal occurs in two parts:
  1. Exit the active validator set: Once an exit request is made, the validator is added to the exit queue. With no other validators in the queue, this takes approximately 35 minutes. If other validators are queued, this can take several days—a maximum of 2,000 validators can exit per day.
  2. Withdraw balance to the execution layer: Once exited, a validator must wait a minimum of 27 hours to be considered withdrawable. At that point, the exited ETH will be picked up in the next recurring withdrawal sweep, which runs on an approximately five-day cycle.
Given normal network behavior, you can expect a full staking withdrawal to take about one week on average. For further questions related to ETH staking, contact portohelp@anchorage.com.