FinanceFeeds’ Post

Figment’s average Staking Rewards Rate (SRR) on ethereum throughout Q1 was 3.9% Our Q1 Ethereum validator report details Figment’s performance on consensus layer rewards, execution layer rewards, participation, and slashing. The report also takes a look into EigenLayer cumulative deposits so far.  View the full report here:  https://lnkd.in/eUmqi8qi

Figment’s average Staking Rewards Rate (SRR) on Ethereum throughout Q1 was 3.9% Our Q1 Ethereum validator report details Figment’s performance on consensus layer rewards, execution layer rewards, participation, and slashing. The report also takes a look into EigenLayer cumulative deposits so far.  View the full report here: https://lnkd.in/eRzpz9YA

#News #ethereum #Layer2 #Staking Based Rollups Proposed as Solution for Ethereum Incentive: Based Rollups, according to some critics, align incentives between Ethereum layer 2 and its base layer validators, perhaps resulting in deflationary issuance again. Based Rollups might offer a solution to Ethereum’s layer-2 networks diverting liquidity and revenue from its base layer. These rollups, which rely on Ethereum’s layer-1 validators for processing instead of their own […] The post Based Rollups Proposed as Solution for Ethereum Incentive appeared first on Coinscreed.

Lido Finance, now live in Fireblocks‼️ In response to growing institutional demand, Fireblocks has launched an integration with Lido to provide easy and secure in-platform access to Lido’s liquid staking protocol and stETH token. Users can now stake their ETH, receive rewards, and use stETH for on-chain activities, including Fireblocks Off Exchange, which allows Fireblocks users to lock their stETH in a self-custodial collateral wallet to trade on exchanges like Deribit and Bybit. Shan Shan S. Kean Gilbert Connor Sullivan Adam Levine Read more below ⬇️

⚡ Transactions fast enough to power a city? The Ethereum network is set to undergo the Dencun Upgrade tomorrow! With EIP 4844 expect lower fees & higher throughput. 🔗 Learn more about Ethereum's latest upgrade: https://lnkd.in/g_-aqqFt #Ethereum #DencunUpgrade

With the upcoming #Ethereum upgrade expected in Q1, named #Pectra, the maximum amount of $ETH staked to a single validator will increase from 32 ETH to 2048 ETH, a 64x increase. The number of active validators on the Ethereum network recently surpassed 1 million, a high number which increases coordination efforts and strain on the network. The change has two main benefits: -It enables stakers to stake any amount above 32 ETH, no longer do you need to stake in multiples of 32 ETH (i.e. I can have a validator with 50 ETH) -It enables large stakers to run fewer validators as they can deploy roughly 8m USD (ETH price of 3800 USD) on a single validator. This will lower cost and operational complexity. Open question remains how slashing will be treated for larger validators. Current penalty is 1/32 which would equal 64 ETH or 240k USD for a 2048 ETH validator, quite a painful potential loss. There are discussions ongoing to lower the potential penalty. Note that the minimum amount to run a validator will remain unchanged at 32 ETH. Good article by Coinbase below with more explanation. If you want to have a look at the validator growth and status yourself a look here: https://lnkd.in/eTMvRkbf #staking https://lnkd.in/eXUUHe3W

VITALIK BUTERIN DISCUSSES ‘RAINBOW STAKING’ FOR ETHEREUM - WHAT WE KNOW “We've done a lot of yelling at people to not all jump into Lido” - Speaking at ETH-Taipei, Ethereum-founder VitalikButerin pointed to possible centralization as perhaps the Ethereum network’s biggest hurdle going forward. - He explained that ‘lazy’ stakers, who hold more than 32 $ETH but still choose to stake via staking pools and liquid staking platforms, are leading to serious concentration of the Ethereum network. - Those with 32 $ETH and above could have chosen ‘solo staking’ but, as Buterin says… “Even if solo staking becomes maximally easy,... lots of people are not going to stake” - According to Buterin, the answer to this could be so-called “Rainbow Staking”... What is Rainbow Staking? - Introduced in a February post by the Ethereum Foundation, Rainbow Staking aims to decentralized the #Ethereum network… - … by dividing the network into ‘light’ and ‘heavy’ stakers. - ‘Heavy’ refers to normal staking where stakers’ $ETH can be slashed for poor/bad behavior. - ‘Light’ stakers, meanwhile, cannot have their $ETH slashed but are only called upon every now and then to sign transactions. - The hope is that this unslashable light-staking will cause more Ether-holders to stake their $ETH directly, thereby further decentralizing the network. Image: CNBC

The next product I need to break down is SSV. The team over at ssv.network is exceptionally smart. Not only have they built a product that advances the decentralization and security of the Ethereum network, but they have also designed an incentive program that has driven a tremendous amount of growth for the protocol. We at P2P are proud partners of SSV and are the first (and, to my knowledge, the only) partner to have developed an API that automates the ETH SSV staking process. Nevertheless, let me dive into the SSV product itself. It all starts with DVT, which stands for Distributed Validator Technology. This technology splits a single validator key among four separate nodes. Normally, when I stake my ETH, my key is held on a single node, which makes it easier to exploit and steal my assets. SSV, however, splits that key among four different validators, making my assets safer and harder to exploit. Additionally, with more nodes verifying the network, the Ethereum network becomes more decentralized as well! For those of us who aren't technical experts, it gets even better. SSV is currently offering a 20% incentive on our ETH staking rewards! Yes, you read that right. If we were staking enough ETH to earn $1,000 monthly, you could receive roughly $200 worth of SSV tokens as a monthly boost. This is huge! It's not uncommon in the crypto world to receive incentives through airdrops. Recently, we've seen the EigenLayer airdrop, the ZKSync airdrop, the LayerZero airdrop, and countless others from smaller projects. These airdrops are a common incentive to onboard users. However, some of these airdrops have been criticized for their lack of transparency, which has led to frustration in the community. In contrast, with this APR boost incentive, the SSV Foundation provides clear information about how much they will airdrop and offers these tokens as often as you stake. Honestly, I prefer this kind of transparent airdrop/incentive to other methods any day. They will be offering these incentives throughout the rest of the year. You can find more information here: https://lnkd.in/eeGDmXeY. I will personally be taking advantage of this incentive for as long as I can. You can do so too through the P2P ETH Staking dapp here: https://eth.p2p.org/auth.

A potential opportunities to create viable L3 solutions to support users. With the surge of users and transactions in ethereum main net, there arouse a need of a solution that made users spend less in gas fees on main net and do more transactions. This gave a birth to L2 solution. L2s in Ethereum parlance are nothing but a cheaper alternatives to do your transaction on L2 and let it settle later on main net. So, it is a win win for everyone in the ecosystem including ethereum main net (gets low pressures from users), L2 providers (provides value and gets incentive to take transactions and bulk settle in main net), and the end users (who pay less gas fees on L2). With the sudden surge in L2 space with 40 providers in the space, again the network requires L3 that acts as L2 for L2. So, the users initiate transactions at L3 that will move to L2 and then to main net. Ethereum for sure has come a long way! For More: https://lnkd.in/giW2v5VS #ethereum #mainnet #L2 #L3

Ethereum's Denkun Upgrade: Cheaper Fees, Faster Transactions, and More! #Denkunupgrade #Ethereumdanksharding #Ethereumdatafees #Ethereumdatastorage #Ethereumdecentralizedworldcomputer #EthereumDeFiapplications #Ethereumnetworkcapacity #Ethereumnetworkperformance #Ethereumproofofworkalgorithm #Ethereumscalability #Ethereumsecuritymeasures #Ethereumupgrade