Cloudbet is the first online casino to offer staked Ethereum (stETH) as a betting solution.
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What is Lido Staked Ethereum (stETH)
Lido Staked Ethereum (stETH) is a staking solution where players can benefit from a high interest / high return with daily staking rewards on their Ethereum. Lido are the creators of the staking solution and their website can be found here.
Players have the option to stake their Ethereum on Lido, and receive or earn additional staked interest along with their winnings.
How it works
Lido is a decentralized platform which provides you with a confirmation receipt which you can use to claim your stake and interest at a later date.
Similar to the fiat world where investors can put in timed deposit to earn interest later
All Lido confirmed staked Ether transactions are viewable at the contract address: 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84.
Reasons for Staking Ethereum
Cloudbet players now have the option to bet with their staked Ethereum (stETH) meaning that players can receive their winnings along with their daily interest.
How to bet on Cloudbet with stETH
- Simply select your staked currency when making your deposit at Cloudbet. In the below example we have chosen stEther.
- View your newly deposited amount in your account balance.
Bet with Cloudbet
Ever since the launch of Cloudbet in 2013, we’ve been dedicated to leading the way in our industry and value the feedback of our players. That is why we’ve worked to add stETH to our existing list of 30+ cryptocurrencies and tokens that you can bet with.
