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a  valid name's avatar

I've been solo staking for a while. This is only for tech savvy users and it takes a while to setup. Non-technical users should use liquid staking. Just buy some rETH or whatever and forget about it. The APY doesn't really justify the risk or cost of solo staking. Companies with thousands of machines can make a profit at these low APYs using economy of scale. Solo staking only makes sense for hobbyists, enthusiasts, and researchers.

I don't stake for the APY. I stake because I want to see firsthand whether or not Ethereum is a viable blockchain. All the blockchains make various claims about decentralization. For example, try running your own Solana node. (hint: you can't). Running the blockchain node moves my knowledge about Ethereum from speculation to experience. I'll be able to see for myself if they make some change that makes Ethereum fail to live up to its promises.

Anyway, after the setup, my solo staking node is very low maintenance. The main maintenance task is that I subscribe to the github release notifications for the execution and consensus clients and install the software updates. I highly recommend the monitoring service and app at https://beaconcha.in/mobile

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itsmequik's avatar

Good article, thanks for the overview.

I mentioned allnodes.com in the past, and it seems their service fits perfectly in the staking as a service category. And with their advanced plan you pay $10 per month and get MEV boost (where you have a few different options). So not sure if I'm missing something, but seems like a much better deal then the services you mentioned, as you state that they take about a 10% cut. Allnodes' fees is about the same as running your own node with $120 per year. (or $60 if you don't want MEV boost and some other features).

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