EthStaker

ethrd

wrote down some thoughts with @ansgar.eth, exploring the status quo of staking economics, its drawbacks as we see them, and what the endgame of staking economics could look like + what we should do in the short term until endgame.

we're at 25% of all ETH staked rn. at current rates, it's not crazy to think that nearly all ETH could eventually be staked. that's overpaying for security and exposing the larger ecosystem to unnecessary risk (if, say, a lot of that was an LST)

so what kind of design could set a staking target?

stake responsibly // be a kind human // slomad

Chiang Mai, Mueang Chiang Mai District, Chiang Mai, Thailand

A target is fine, but I feel like anything that decreases staking yields from current levels will eat into home stakers disproportionately, i.e. their share of staked ETH will decrease relative to LST operators.