Stakefish, a staking provider for Ethereum, has announced that it will be implementing zero protocol fee for staking starting from the Shanghai hardfork on April 12, 2023.
This means that stakers will be able to earn 100% of protocol rewards and up to 75% in priority and MEV fees. Unlike other staking providers, Stakefish will not be basing their fees on protocol rewards, setting a new benchmark in the industry.
Existing users who have been staking with Stakefish since December 1, 2020, will continue to receive 100% of their protocol rewards and have only been charged a 20% priority/MEV fee.
One advantage of this fee structure is that stakers can enhance their returns during periods of high protocol APR.
Stakefish is discontinuing early access for NFT users in favor of a more straightforward fee structure. NFT users will pay zero protocol fees and a slightly increased priority/MEV fee of 25% starting from the Shanghai hardfork.
New users who stake with Stakefish during the promotional period following the Shanghai hardfork will pay zero protocol fees and a 25% priority/MEV fee.
The company plans to raise the priority fee/MEV fee nominally in the future, but the timing will be determined based on market conditions.