CBobRobison
@cr
Mike Neuder's proposal to raise the max effective balance of an Ethereum staking validator from 32 ETH to 2048 ETH seems like a great idea. Anyone disagree? https://ethresear.ch/t/increase-the-max-effective-balance-a-modest-proposal/15801
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notdevin
@notdevin.eth
Makes perfect sense once I got to the part about how yield is currently applied and that the cap creates an artificial sense of decentralization by causing big validators to acquire N validators from N-ETH/32 vs 1 validator with N-ETH > 32
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CBobRobison
@cr
Exactly! It's also better for smaller solo stakers to immediately restake their yield One validator earns about 1.6 ETH/yr. If they want to compound their yield, they're most highly incentivized to dump it in Lido Hopefully this proposal could alleviate some of that consolidation & help them maintain more sovereignty
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