# ETH Staking APR% 質押收益利率比較 By [CompoundWater 複水](https://paragraph.com/@compoundwater) · 2023-04-13 --- > 作者：[CompoundWater 複水](https://compoundwater.framer.website/) ; Contents May Also Contribute to [MatrixDAO](https://matrixdaoresearch.xyz/)本篇寫於ETH上海升級前（23/02/03），各 ETH 質押收益利率比較 [https://compoundwater.notion.site/ETH-Staking-APR-1d700d145a97443c8543ebebcbcbcad9](https://compoundwater.notion.site/ETH-Staking-APR-1d700d145a97443c8543ebebcbcbcad9) `Contents` * `Intro` * `Comparing the Staking Ratio` * `Staking Deposits Breakdown` * `Lido` * `RocketPool` * `Frax` * `Coinbase` * `Binance` * `Matrixport` * `Conclusion` * `Reference` ![2023/02/03](https://storage.googleapis.com/papyrus_images/688d55e6bfdcf02a86d8b6850bd9df994c9786d9b66d9cef7326dd65a451b26b.png) 2023/02/03 Intro ----- ETH Staking APR% 是決定將以太坊放在哪裡時要考慮的重要指標。 本文檔將比較上海升級前以太坊的質押比率，細分質押存款總額、最大的質押提供商以及與質押獎勵相關的費用。 它還將概述最大的質押提供商，例如 Lido、RocketPool、Frax、Coinbase、Binance 和 Matrixport。 \*\*本篇主整理參考來自： [Liquid Staking Derivatives by MatrixDAO RF-GM.](https://youtu.be/krHShA6xjzs) \*\* [![]({{DOMAIN}}/editor/youtube/play.png)](https://www.youtube.com/watch?v=krHShA6xjzs) Comparing the Staking Ratio --------------------------- 上海升級前以太坊 ETH 質押情況，公鏈角度，來看以太鏈本身質押率相對來說比例較低 ![](https://storage.googleapis.com/papyrus_images/a114e3bdd52c2e80aaaa9fff30b5813105b291541b8fe1dc8ce31515cdf76a3a.png) Staking Deposits Breakdown -------------------------- 總質押顆數/節點驗證者/地址數量/質押佔以太坊總供應量的比例等，如下 Dune 資料 [https://dune.com/hildobby/eth2-staking](https://dune.com/hildobby/eth2-staking) ![](https://storage.googleapis.com/papyrus_images/b1f81d3cf404daa4ee910e3c881dd60e9f250647a489c36e7e40160c874de3b6.png) 最大質押集中於 Lido (~29%) / Coinbase (~12.6%) / Binance (~6.1%) 等 ![](https://storage.googleapis.com/papyrus_images/dd819f4b3363226069066efc289d3d1ce5a9954e47b5665cc930f906248f1e3e.png) 而 CEX 佔比~33%，Liquid Staking 則約~28% ![](https://storage.googleapis.com/papyrus_images/055f234cfb0bf460bd78b1a70bfb4d3349746556737a8c0d708fff684f58eb4b.png) Lido ---- * 為 Defi 上最大整合的 staking 供應者，市場約佔 29%，APR~4.9% * 目前有 [29 個](https://www.rated.network/o/Lido?network=mainnet&view=pool)專業的節點供應商 * Private Key 形式：1. 驗證私鑰屬於節點供應商 / 2. 提現私鑰屬於 DAO 管理 * 相對於 [Solo staking](https://ethereum.org/en/staking/) 的質押方式 (Key皆屬於owner) * 共4類Staking形式，關於此2把鑰匙的管理和歸屬權的詳細解釋與討論 [https://twitter.com/0x\_Todd/status/1623970838415548416](https://twitter.com/0x_Todd/status/1623970838415548416) * Also extend service on L2 and partners with MetaMask * ETH <> stETH 轉換質押 * 收 10% 手續費 on staking rewards * 5% node operations * 5% DAO treasury, insurance etc. ![https://stake.lido.fi/](https://storage.googleapis.com/papyrus_images/4ac7ee052399013256ce27b71f85c967042c6f86c87215e97737a8f4354e6574.png) https://stake.lido.fi/ [https://capitalismlab.substack.com/p/lido-43a?r=1ly7b3&utm\_campaign=post&utm\_medium=web](https://capitalismlab.substack.com/p/lido-43a?r=1ly7b3&utm_campaign=post&utm_medium=web) RocketPool ---------- * 第二大 Defi 上 staking 供應者上，市場約佔 2.2%，APR~4.21% * **只對“驗證者”收 15% 手續費** on staking rewards ， ETH <> rETH * 特色為 “無需許可”，人人都可為節點運營商。 * Private Key形式：1. 驗證私鑰屬於地址擁有者 / 2.提現私鑰屬於DAO管理 * 只需 16ETH 即可搭建節點 * 另一半 16ETH 由非節點運營用戶提供。 * but need 1.6 ETH worth of RPL token for validator punished or slashing ![https://stake.rocketpool.net/](https://storage.googleapis.com/papyrus_images/c7d06e326fd9e6ee35a7dcbc75d5581b098248cc6433b71d61120969e68210e7.png) https://stake.rocketpool.net/ Frax ---- * 22年底才發布此 staking 服務，APR~7.59% * 由於處於早期紅利收益較高，但其代幣 ( **sfrxETH** / **frxETH**) 沒有折價優勢 * frxETH 始終代表 1 ETH * sfrxETH 是 ERC-4626 保險庫，旨在增加 Frax ETH 驗證者的質押收益。 [https://docs.frax.finance/frax-ether/frxeth-and-sfrxeth](https://docs.frax.finance/frax-ether/frxeth-and-sfrxeth) * 收 10% 手續費 on staking rewards * 未支付任何費用給節點運營商 * 適合熟悉 Frax/Curve 生態的用戶和較專業的 DeFi 用戶。 ![https://app.frax.finance/frxeth/stake](https://storage.googleapis.com/papyrus_images/287ee927269592272eb100096ffe9ffa8790fb94e8d5715bdc9f35a75f2a63e6.png) https://app.frax.finance/frxeth/stake Coinbase -------- * ETH <> cbETH，市場約佔 12.6%，APR up to~3.99% * 收 25% 手續費 on staking rewards [https://help.coinbase.com/en/coinbase/trading-and-funding/coinbase-earn/eth-2-0-staking](https://help.coinbase.com/en/coinbase/trading-and-funding/coinbase-earn/eth-2-0-staking) Binance ------- * ETH <> bETH，市場約佔 6.1%，官方寫APR up to~11.2% （實際大致約為~5%） * 收 5% 手續費 on staking rewards [https://www.binance.com/en/support/faq/binance-eth-2-0-staking-eecd04618b5042c79f2a5b07f895c498](https://www.binance.com/en/support/faq/binance-eth-2-0-staking-eecd04618b5042c79f2a5b07f895c498) ![](https://storage.googleapis.com/papyrus_images/e7d4bffa1564ad1378cc349bf077a97abcde21f630d62a246c762a85f8d94d9c.png) Matrixport ---------- * Directly staking ETH ，APR 4.9%~8.77% (槓桿) * 質押於Lido等鏈上Staking Pool, 可外加 Aave 槓桿操作 * 收 10% 手續費 on staking rewards [https://www.matrixport.com/eth2-staking-yield](https://www.matrixport.com/eth2-staking-yield) Conclusion ---------- This document compares the staking ratios of Ethereum before the Shanghai upgrade, breaking down the total staking deposits, the largest staking providers, and the fees associated with staking rewards. It also provides an overview of the largest staking providers, such as Lido, RocketPool, Frax, Coinbase, Binance, and Matrixport. * * * Reference --------- 1. 主整理參考來自： Liquid Staking Derivatives by MatrixDAO RF-GM. URL: [https://youtu.be/krHShA6xjzs](https://youtu.be/krHShA6xjzs) 2. 如何最科学的获取 ETH Staking 收益. URL: [https://capitalismlab.substack.com/p/eth-staking](https://capitalismlab.substack.com/p/eth-staking) 3. Awesome Ethereum Staking Resources URL: [https://hackmd.io/@jyeAs\_6oRjeDk2Mx5CZyBw/awesome-ethereum-staking#MEV](https://hackmd.io/@jyeAs_6oRjeDk2Mx5CZyBw/awesome-ethereum-staking#MEV) 4. ETH Staking official. URL: [https://ethereum.org/en/staking/](https://ethereum.org/en/staking/) * * * **轉載請註明出處與作者** **聯繫郵件：**[**nctu.frank@gmail.com**](http://mailto:nctu.frank@gmail.com/) **更多關於我:** [**CompoundWater複水**](https://compoundwater.framer.website/) [**IG**](https://www.instagram.com/compoundwater)**/**[**TG**](https://t.me/compoundwater)**/**[**YT**](https://www.youtube.com/channel/UC_S6XK91Xmg0dOyc9MPOFzQ)**/**[**FB**](https://www.facebook.com/compoundwater/)**/**[**Linkedin**](https://www.linkedin.com/in/compoundwater/)**/**[**Twitter**](https://twitter.com/compoundwater)**: 頻道搜尋 @compoundwater** **歡迎自由斗內支持(ERC20): 0xc2Ac7F93D54dfbf9Bf7E4AeD21F817F2ce598D28** --- *Originally published on [CompoundWater 複水](https://paragraph.com/@compoundwater/eth-staking-apr)*