spETH Staking Guide
In this guide we'll explain everything about staking and unstaking spETH.
Last updated
In this guide we'll explain everything about staking and unstaking spETH.
Last updated
Follow this step-by-step guide to deposit ETH or LSTs with Spectrum and receive spETH.
Visit the Spectrum Official Website: https://spectrum.kroma.network/.
Connect your wallet.
If you are connected to the Kroma network, remember to switch to the Ethereum Mainnet before staking.
Click “Stake” on the top menu. Withdrawal takes 7 days to process. Please be mindful of this when staking your tokens. Do note that the execution cannot be revoked after the transaction goes through.
Select an asset from the list. Currently, you can stake ETH, eETH, or stETH.
Enter the amount you wish to stake, check the amount, and click “Stake”.
Review the “Terms of Use” and click “I agree”.
Confirm the transaction in your wallet.
Transaction success! Click “Check My Points” to view your points.
Click the arrow to view the details of your spETH.
If you wish to unstake, you will need to have at least 0.003 spETH in your balance.
Withdrawals take 7 days to process. This duration is for the validator checking if this transaction is valid or not, the mechanism of the L2 to L1 withdrawal process on the OPU (Optimism Rollup technology that Kroma adapted).
Do note that the execution cannot be revoked after the transaction goes through.
After the withdrawl, you will get eETH (etherfi staked ETH) in your wallet on Layer 1.
To unstake your funds, you'll need to send 4 transactions in total - 1 in L2, 3 in L1:
Spectrum withdrawal involves 4 steps: On L2: 1. Initiate Withdrawl - Request for a withdrawal
2.Wait few hours - This period is needed to make your request into 'ready to be prove state.' On L1: 3.Prove - The Prove button gets activated and you need to click it to prove your withdrawal transaction 4. Wait 7 days - Validator's 'challenging period' to check your transaction's validity.
5.Confirm - Approve button gets activated and you need to click it.
6.Then the Claim button gets activated and you need to click it. Your unstaked assets will be convert spETH to eETH and arrive in Layer 1
These steps are required for transactions on OP-stack-based L2.
Fee Information: The estimated fee on the Ethereum display might be lower than MetaMask suggests. This is because Metamask prevents transaction failures by overestimating the fee. The actual cost may be lower.
