The developers presented an etheric 2.0 deposit contract, which will be a bridge between the future at the Proof-of-Stake (PoS) and the existing one at Proof-of-Work (PoW).
Initially, the launch of Air 2.0 was scheduled for 3 January 2021 (12th anniversary of the launch of the bitcoin network), but the The News Spy developers postponed the date to 1 December 2020.
Users can now begin entering into a 32-air (ETH) contract for stacking. 16,384 validators must enter 524,288 ETH into the contract by the target date for the launch of the Beacon Chain network, which will be the start of ETH 2.0 deployment.
Stackers will be rewarded for their stacking after the launch (or genesis) of ETH Zero Unit 2.0. The expected stacking remuneration is quite high compared to other investments and ranges from 8% to 15% per annum. There are good reasons for this: software risks and the one-sided nature of the deposit contract (during the first phases of launch, the airwaves cannot be put back into the PoW network).
„We have maximally strengthened Air 2.0 in test networks, formal checks and audits. We are incredibly pleased to see community activity around Air 2.0, now with real value in the stacking,“ said ConsenSys CEO Joe Lubin in a comment for Coindesk.
„Deployment of the deposit contract is a point of no return for Air 2.0. Right now we have no other choice but to finish the job. After 2.5 years of working on this, I am incredibly excited about where we are and what lies ahead,“ said Ben Edgington, developer of Air 2.0 at ConsenSys.