Tag: staking

Ethereum staking services agree to 22% limit of all validators

coiner

At least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking market — seen as a move to ensure the Ethereum network remains decentralized. Among the Ethereum staking providers either already committed or are working to commit to the self-limit rule include Rocket Pool, StakeWise, Stader Labs and Diva Staking, according to Ethereum core developer Superphiz. Puffer Finance, another liquid staking service, also announced its commitment to the self-limit. …

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Ethereum is about to get crushed by liquid staking tokens

coiner

Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge. While LSTs are just beginning to hit their stride, their advantages over traditional ETH will soon become clear to liquidity providers (LPs), toppling ETH from its throne and ushering in a new era of LST domination. Since the Merge, ETH can now be staked to produce a roughly 4% annual yield, depending on factors of network…

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Vitalik Buterin declares he is not staking all of his ETH, merely a ‘small portion’

coiner

Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ether (ETH) due to multisignature wallets being “complicated in a bunch of ways.” On the June 29 episode of the Bankless podcast, Buterin revealed the “biggest reason” why he is only staking a small fraction of his ETH. He explained: “Because if you stake your ETH, the keys that access it have to be public on a subsystem that is online. For safety, it has to be a Multisig. Multisig for staking is still fairly difficult to set…

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US debt ceiling, declining trust in banks send ETH staking to record highs

coiner

The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply. The amount of ETH staked in May does not include withdrawals and is more than twice as big as the second-highest amount registered in February 2022. Monthly amount of staked Ether since November 2020. Source: Dune The significant surge in staked ETH comes within a month of the Shapella upgrade on April 12, allowing validators to withdraw their staked ETH after two years. Many then believed the heavy…

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