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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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señor
@red-balloon
What makes at scale staking services “better” than solo stakers? They miss fewer attestations and proposals? They are able to Compound returns faster?
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nixo
@nixo
Solo stakers are indisputably better (more valuable) for the network. Staking services providers just "fare" better (aka make more money) because of their ability to run thousands of validators on limited hardware and also their current ability to pool execution rewards, which are unpredictable and can be lottery-like
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