In another major development, Ethereum 2.0 deposit contract reached the total required number of 524,288 ETH before the first deadline on Nov 24, paving the way for a smooth genesis event on Dec 01. It currently holds 837,920 ETH, which is 59.2% more than the amount required to launch the Eth2 network. This is is highly encouraging as the excess amount will ensure smooth launch, redundancy and improve network security.