Very relevant content for a free article, I'm waiting for the upcoming deep dives :)
I set up a Rocket Pool node about a month ago, I prefer to participate in the decentralization of the network even if it increases a bit the risks, and it makes me feel more involved in the ecosystem!
I don’t understand the risk/reward. Why would someone make 32+ ETH illiquid until when/if a complex software upgrade is performed, especially when the ~5% staking reward approximates the risk free interest rate on liquid US treasuries?
Looks like voluntarily taking on the risk for the developers in exchange for minimal upside whilst exposing oneself to losing the 32+ ETH with no recourse for recovery?
No, I don't think so. They make it really simple to create a validator node. I think technically you send your coins to their contract, but you still hold the private key. And as long as the contract is safe, only you with your private key can withdraw your coins from the contract once unstaking is possible.
Apologies if this has been covered before, but how do staking risks through LSDs compare to staking through Ledger (or similar storage device). If staking through Ledger, its still your keys, your coins, right?
Hey guys, in the US many are ruled out of using stETH (LIDO) since I believe it would be a swap from ETH to stETH which would cause a tax event that you'd want to avoid. Curious to hear what you think is the best way to stake without having a taxable event?
Can you run your own server on AWS to stake? Or better to have it physically run in your custody?
Very relevant content for a free article, I'm waiting for the upcoming deep dives :)
I set up a Rocket Pool node about a month ago, I prefer to participate in the decentralization of the network even if it increases a bit the risks, and it makes me feel more involved in the ecosystem!
Coming: $LSDETH diversified LSD 'basket' token w/automated harvesting of intrinsic/extrinsic yield. Insured against slashing. Dominant LSDs (Lido) capped, rebalance algos skewed -> smaller DVT networks (promoting decentralisation). Pledge/hedge-able -> for DAOs/retail/Tradfi
I don’t understand the risk/reward. Why would someone make 32+ ETH illiquid until when/if a complex software upgrade is performed, especially when the ~5% staking reward approximates the risk free interest rate on liquid US treasuries?
Looks like voluntarily taking on the risk for the developers in exchange for minimal upside whilst exposing oneself to losing the 32+ ETH with no recourse for recovery?
No, I don't think so. They make it really simple to create a validator node. I think technically you send your coins to their contract, but you still hold the private key. And as long as the contract is safe, only you with your private key can withdraw your coins from the contract once unstaking is possible.
Apologies if this has been covered before, but how do staking risks through LSDs compare to staking through Ledger (or similar storage device). If staking through Ledger, its still your keys, your coins, right?
What do you guys think pf staking with services like allnodes? Still your keys, but they manage all the server stuff related to the node.
I've been quite happy with them over the past 2 years, and they are quite affordable
Hey guys, in the US many are ruled out of using stETH (LIDO) since I believe it would be a swap from ETH to stETH which would cause a tax event that you'd want to avoid. Curious to hear what you think is the best way to stake without having a taxable event?