Setting up a Prime Onchain Wallet is required to claim rewards for staking EIGEN on Coinbase Prime. Visit the links below to enroll in Prime Onchain Wallet or reach out to your dedicated Account Manager or Prime Ops (primeops@coinbase.com) for more information.
Ability to stake when using the following entity:
Coinbase Custody Trust Company, LLC: TBD
Coinbase Custody International, Ltd.: Yes
Coinbase Inc.: No
Delegation minimum requirement (Prime UI Min.): 5,000 EIGEN
Staking maximum: None
Estimated rewards rate: Rewards rates vary - visit app.eigenlayer.xyz* for current estimated reward rates.
*Third-party website provided for information only. Coinbase has not been verified and cannot guarantee the accuracy of information, including minimum requirements, staking maximums, and reward rates, provided on app.eigenlayer.xyz.
When staking EIGEN, you select a Prime Onchain Wallet to serve as your rewards wallet.
To claim rewards for EIGEN staking, follow these steps:
Log in to app.eigenlayer.xyz while connected to the Prime portfolio used for staking EIGEN.
Initially, the dashboard will show zero staked balance and zero claimable rewards.
Click your wallet address in the top-right menu and select “Switch Profile” from the dropdown.
A widget will appear, allowing you to choose the wallet address for claiming rewards. Select the desired custody vault address and click “Change Profile.”
The dashboard will update to display rewards accrued for the selected custody vault address.
Click “Claim Rewards,” select the tokens you wish to claim, and confirm by clicking “Claim X Tokens.”
Approve the transaction through Prime Onchain Wallet consensus.
Warm up period: None
Bonding period: None
Unbonding period: 7 days
Staking Functionality:
Ability to un-stake assets: Yes
Ability to partially unstake wallet: No
Ability to partially stake wallet: No
Ability to change validator without un-bonding and restaking: No
Ability to add new principal funds to a staked wallet:
Move or unstake: Net new principal funds added to a staked wallet can’t be staked unless you unstake the staked balance and then restake the new balance. You won’t generate rewards when you unstake assets due to the unbonding period. You can create a new wallet to stake new funds instead of adding them to an existing staked wallet to continue generating rewards.
Ability to stake to multiple validator addresses from the same wallet: No
Fees charged when using the following validator types:
Public operator: Subject to 3rd party delegation fee
Consensus requirements: General consensus approvals required for all staking activities.