Hello everyone,
Long story short - been reading a lot of stuff regarding EigenLayer. I've been in crypto for a few years but often abstain from any project participation to avoid any risks - especially when it comes to "new" projects.
So I have some general questions:
1) How secure would you rate this process to be if I happen to stake with EigenLayer? Of course - never throw your entire net worth in, but how secure am I in case anything dodgy happens with their website? I assume tokens are just in my wallet and as long as I don't sign any dodgy contract, nothing can really happen?
2) Staked ETH - never really engaged with any of that. What are the risks that the staked ETH simply crashes in price or experiences other issues? I guess if I have 1 Staked ETH I won't get 1 ETH back, if the value goes down to 0?
3) Now I know I better talk to a professional - but I assume swapping between ETH and sETH would be a taxable event in most places as it's not a swap within the same project? E.g. where I live, the swap from ETH to ETH2 would not be considered a taxable event as it's not considered a different/new coin. But maybe there's a more technical explanation that I don't understand.
Sorry for these beginner questions and thanks for any help/advice you may have.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments