P2P.org Launches Ethereum Staking Service on Safe, a Popular Decentralized Wallet
P2P.org has unveiled its Ethereum staking service on Safe, the decentralized custody protocol that manages over $38 billion in total assets. This integration aims to simplify ETH staking for users, eliminating the need for physical infrastructure.
With P2P’s application, Safe users can now stake ETH directly with just a few clicks while maintaining full ownership of their staked ETH, according to P2P CEO Alex Esin. Users who stake 32 ETH, the minimum amount required for Ethereum staking, will also benefit from slashing protections guaranteed by P2P.
What is Slashing, and How Does P2P Mitigate Risks?
Slashing occurs when a validator fails to perform its duties, such as going offline, resulting in financial penalties and a reduction in staked ETH. P2P has a strong track record of zero slashing events and offers coverage for slashed amounts based on the user’s selected protection plan, explained P2P communications representative Rick Bagshaw.
A Boost for Ethereum Staking Adoption
Ethereum currently has over 22.8 million ETH staked, valued at nearly $40 billion, as per blockchain analytics firm Nansen. P2P’s integration with Safe is expected to encourage broader participation in staking by offering a user-friendly, non-custodial solution.
P2P’s launch of its first-ever direct staking app on the Safe Apps ecosystem represents a significant step in expanding non-custodial staking services to the growing DeFi community.
