ETH2 APY up to 4.14% on Coinbase Following the Merge

That’s now up almost a full percentage point following the merge just a couple days ago. It looks like the rewards are a little less than most had anticipated, but it’s still pretty incredible. Hopefully this keeps ticking up, and ETH can continue to be this unique asset class of the future.

Remember, ETH APY is a balancing act between how much of the total cap is staked, vs. how much the network is being used. The more people staking though, should increase scarcity, thus driving up the price. If less people do, you get more rewards in the form of ETH. Good times.