So what is ETH 2.0? Primarily you can look at it as an upgrade to the Ethereum network to improve the network’s security and scalability. The major change is from a Proof of Work (POW) to a Proof of Stake (POS) where only users who already owns ETH will be able to validate transactions and earn staking rewards in the form of transaction fees.
This reduces the unecessary computational power that would have been required in a POW where everyone is competing to close the blockchain in hope of rewards.
I see potential in ETH 2.0 and therefore have been heavily staking my ETH on Binance platform
What it does is it will give you the equivalent amount in Beacon ETH (BETH) and an approximate annual percentage yield (APY) of 7.7% currently. You can of course take this BETH out of your wallet and transfer into either your launchpool or liquid swap if you feel that the gains in those activities are better, but remember that only BETH in your spot wallet will be entitled to the staking rewards.
I wish I had accumulated more ETH back when it was a couple of hundreds. Still, I see potential in the upgrade and pretty confident that the value of ETH post-upgrade will be much higher than the value it is today.
