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nixo
@nixo
I know that everybody likes passive income But if we start to feel entitled to staking rewards and say things like "ETH is meant to be staked", we've changed the purpose of staking from 'securing the chain' to 'providing passive income' to stakers imo, this lowers the value of the entire Ethereum ecosystem
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SwampLord ⌐◨-◨
@iamswamplord
as stake rate climbs and the “risk-free” rate decreases (and proposals become rarer), many yield seekers won’t be able to handle the oppty cost of passing up juicier apy elsewhere for me, staking is a bonded commitment. idc about the yield but expect the value of [my bags] to grow if i keep the network secure
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nixo
@nixo
i would hope so but people have a point - even if nominal yield is 1.8%, these 'at scale' staking service providers continue to fare better than solo stakers, which doesn't bode well for future stake rate or validator set composition. if there really is going to be a levelling off at some pt, i welcome it!
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SwampLord ⌐◨-◨
@iamswamplord
my hope is that those of us that solo stake are doing so at least in part to contribute to the network at least for someone non-technical like me, setup and hardware investment can be too high a hurdle vs just trading into an LST if yield is the sole incentive
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SwampLord ⌐◨-◨
@iamswamplord
though i may be too optimistic. let us all hope we reach the right end state with solo & retail stakers making up a high enough proportion of the validator set
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nixo
@nixo
1000% - my hunch is the same as yours but I don't want anybody to rely on a solo staker's altruism to incentivize them. they should be treated like any other 'rational actor'!
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