Ethereum Staking FAQs

Is the staking yield fixed?

No, the Ethereum staking yield depends on the number of active validators on the Ethereum Network and the network activity, e.g., priority fees. That said, the ETH staking yield has been mostly stable between 2.5-3.5%.

Does Goldsand charge Fees?

Yes, Goldsand charges a fee to cover the cost of running the validator nodes. The fee is also used to cover any staking income purification in case of accidental inclusion of impermissible transactions. The current fee is 10% of the earned staking rewards.

I have my funds on Coinbase, Can I stake with Goldsand?

Yes, our staking app allows anyone to stake with Goldsand. Once a user creates their account in the app, a self-custodial wallet is generated for the user. The user can withdraw ETH from their Coinbase account to their Goldsand wallet. Afterwards, the user can stake their ETH. Goldsand also integrates Coinbase Onramp, aka, Coinbase Pay, which allows users to connect directly to their Coinbase account from the Staking App

I don't have ETH, Can I use Goldsand?

Our staking app integrates Moonpay onramp. Moonpay allows users to buy ETH using different payment methods. The bought ETH will be directly deposited to the user's Goldsand wallet. You can use Goldsand once the ETH is available in the wallet.

When can I unstake and withdraw my ETH?

The withdrawal flow will be integrated within 2-3 weeks (expected early December 2024). At that time, the user can use the staking app to sign a withdrawal request with a specific ETH amount.

Can I stake Solana with Goldsand?

Soon! Within a couple of weeks, Goldsand's Halal Solana staking product will launch within a couple of weeks. Goldsand Solana testnet validator is already life.

Is Goldsand safe to use? is it audited?

We take security seriously. The Goldsand smart contract has been audited by top security researchers from Spearbit. The audit report is available in the Goldsand Github repo. In addition, the smart contract is open source and multiple independent researchers have performed independent voluntary reviews of the smart contract code.

Do I need to KYC to use Goldsand

Goldsand itself doesn't currently require KYC to use the product, although users purchasing crypto through Coinbase or Moonpay may have to KYC there. Users need to consult their local regulations to learn about the legal and tax implications of staking.

What is my Privy wallet address?

To find your Privy Wallet Address, in the deposit tab click on "add more". In the resulting screen, choose "send funds manually", finally clicking "Copy address" will make a copy of the Privy wallet address

What is Moonpay? How is it related to Goldsand?

Moonpay is an independent company that offers onboarding services, i.e., buying ETH with a debit card. Moonpay is separate from Goldsand. However, we have integrated Moonpay to allow Goldsand users to buy ETH using Moonpay. The purchased ETH will be deposited directly to the user's Privy wallet