MyEtherWallet This wallet suite is quite popular and is highly regarded within the Ethereum space. Staked Staked is a company that delivers staking services designed for leading proof-of-stake blockchains, and this new synergy means both platforms can now complement each other.
This exciting development was made public this week when MyEtherWallet confirmed its integration of Staked's Eth2 staking solution with both its web and mobile applications.
December 1st marked the commencement of Eth2’s journey, known as Phase 0, setting Ethereum on a transformative new path. Similarly, MEW’s recent integration stands out as it breaks new ground by making Eth2 staking accessible for users on the go.
Kosala Hemachandra, the CEO and founder of MEW, expressed in a press release for Blockonomi:
“With Staked’s integration, we make staking on Ethereum 2.0 straightforward and reachable. As Ethereum evolves, expanding its influence, MEW aims to be the central hub for the entire Ethereum ecosystem.”
MEW is now perfectly positioned to become the premier destination for non-custodial Eth2 staking on mobile. Meanwhile, Staked gains a direct connection to MEW’s substantial user base with this partnership. Robo-Advisor Yield Tim Ogilvie, Staked's CEO, stated, “Given MEW's status as one of the original Ethereum wallets, it makes perfect sense for our stake infrastructure to now empower their user base during Ethereum’s major transition.”
If MEW seems like just another Ethereum wallet provider to you, think again! The name might imply a wallet focus, but their recent developments tell a different story.
The kicker? The new staking integration will be easy to use, as just a few clicks will be all that’s need for users to start earning their Eth2 validator rewards (which are currently generating yearly returns around 15% right now).
MEW Evolved Beyond Mere Wallet App
Recently, MEW has been shaping up as a DeFi Hub, unveiling a range of services and integrations tailored for both experienced and new users of Ethereum.
For instance, during summer, the MEW team rolled out, a decentralized trading service in collaboration with DEX.AG.
In the following weeks, they continued by adding integrations with key DeFi players like Aave and Ren into Swap , one of MEW's earlier mobile app versions, which showcased their willingness to stay at the forefront of these changes. rebranded to Slingshot ).
During a recent interview, Kosala Hemachandra spoke about the Eth2 roadmap and the potential challenges ahead. While not unexpected, these hurdles indicate a comprehensive Eth2 upgrade might be several years in the making. MEWconnect “Following the Beacon Chain launch, the focus will shift to Phase 1, which will undergo numerous revisions and bug squashes, much like Phase 0. Pinpointing a single obstacle is tough as there will be many,” Hemachandra explained. BTC onto Ethereum and more.
Challenges Ahead for Eth2?
Hemachandra believes the full realization of Eth2 could take three or more years.
At the time, Hemachandra said:
Based on prior experiences, he predicts Phase 1 will span about a year, Phase 1.5 around six months, and Phase 2 could stretch to at least 1.5 years.
William M. Peaster, an adept writer and editor in the crypto world, closely covers Ethereum, Dai, and Bitcoin. His insights have been featured in Blockonomi, Binance Academy, Bitsonline, and more, as he delves into smart contracts, DAOs, dApps, and the Lightning Network. He's also learning to code in Solidity. Reach him on Telegram at @wmpeaster.
Ethereum (ETH) took a hit, dropping by 45% in Q1 of 2025, despite maintaining a leading position in DEX trading volumes.
