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

I feel like this discussion is going to get quite messy given all of the competing incentives at play here.

The research may be sound, but a substantial change like this to Ethereum's monetary policy + the fact that this would negatively impact the growth of staking/restaking protocols (at least, for the short-term).

Independent Ethereum educator, angel investor and advisor. 

Founder of /thedailygwei.

Re-staking with straight ETH should be an option in the future, no fundamental reason why not

definitely! even if preferable for stakers it cuts right into profits of staking service providers. bc their profits scale with the amount of total stake under control.

but there’s no fundamental reason restaking protocols cant accept raw eth, in fact it’s better collateral. I think rn it’s for memetic reasons