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Mantej Rajpal ↑ pfp
Mantej Rajpal ↑
@mantej.eth
Assuming a _very high_ level of trust in Coinbase: Given wallet drainers, current exploit landscape, etc, if you’re going to stake a large amount of ETH, would you stake all of it self-custody via Lido, Rocket et al? What about using MetaMask’s service (they take a 10% cut)? Why not through Coinbase?
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Jason
@chaskin.eth
People worry about Lido's staking dominance (and for good reason), but Coinbase becoming the dominant platform would be game over Lido uses 29+ node operators, RocketPool has 3,600+. If a centralized operator like Coinbase gains a majority stake, it could threaten Ethereum's security
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Dean Pierce 👨‍💻🌎🌍 pfp
Dean Pierce 👨‍💻🌎🌍
@deanpierce.eth
I do about a third in Coinbase, a third in Lido, and a third in Rocket Pool. Diversifying risk is a key part of risk management. I build out my risk profile so even if I get robbed, experience a house fire, some protocol or exchange gets hacked, or even if I get hit by a bus, some will be lost, but most will be safe.
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Thomas pfp
Thomas
@aviationdoctor.eth
Solo staking > permissionless LST > permissioned LST > CEX/custodial staking This is true regardless of the trust assumption in any CEX/custodial staking solution, because the whole point of this Rube Goldberg machine of an ecosystem we call crypto is to operate trustlessly Otherwise it’s a DBRMS with extra steps
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Chris Carlson pfp
Chris Carlson
@chrislarsc
If not self-custody then why crypto? I swapped for stETH on my Ledger via Ledger Live. I think the UX of the Ledger Stax will make this more approachable for a wider audience. Even though it’s a small percentage of users, the amount of assets held is significant. All roads lead to (secure) self-custody.
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Chiro
@chir
Metamask's speed is really slow... 99 $DEGEN
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