Not all Ethereum users are excited to stake on ETH2's Beacon Chain

The launch of Ethereum 2.0's first phase is rapidly approaching.

The Ethereum Foundation's Danny Ryan doubled down on this launch date in a recent blog.

The launch of Ethereum 2.0 will allow users to stake 32 ETH to secure this new Proof of Stake chain, allowing them to earn ETH rewards for doing so.

Wright, an IT specialist that has long followed crypto, claims to have participated in all Ethereum 2.0 test networks thus far, using a vast variety of software to do so.

Wright's final point is that compared to DeFi and other ways to earn by putting up ETH, Ethereum 2.0 staking could be risky relative to the reward offered: "I mean, I can invest in a lot of stuff these daysDeFi is blowing up. The bridge is one-way, I'm going to lock my ETH and lose all opportunity costsis it worth it?".1/ Why I won't be staking ETH at launch, a thread#Ethereum #eth2.

Even still, as of earlier surveys, there remain many Ethereum users looking to put their ETH to use on this Proof of Stake chain.

A survey released by ConsenSys earlier this year found that 65 percent of 287 respondents intend on staking 32 ETH to secure Ethereum 2.0.

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After months and years of development, Ethereum 2 is finally drawing close.

For those unaware, the upgrade will overhaul how the Ethereum blockchain works, using certain technologies to make it more efficient in terms of costs, power consumption, and speed.