Ethereum

Cross-posting a thought on staking from the other app:

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Perhaps we should recognize that 32 ETH is much more of a barrier for stakers than bandwidth reqs, and temporarily do a trade where we up the bandwidth reqs a bit and in exchange drop the staking deposit minimum to eg. 16 or 24 ETH.

It's net-good for both staking accessibility and scale. Then once we figure out peerdas, bandwidth reqs go back down, and once we figure out orbit SSF, the deposit minimum can drop to 1 ETH.

Counterpoint: at 32 ETH, one validator makes ~$3k a year = only very slightly more than the zero-labor option of holding stETH/rpETH.

The limiting factor isn't stake--it's the complexity and toil of running a validator. Make it painless to validate and many more will do it!

Real World Ethereum 🌎 
building /daimo ✳️ 

Running a validator at 32 ETH may not be worth the effort for a small increase in earnings compared to holding stETH/rpETH. Simplifying the validation process can attract more participants