Stader Labs, a non-custodial multi-chain liquid staking platform, has expanded to Ethereum, offering superior yields on ETH staking. The platform has significantly reduced the capital commitment for node operators, promising a return rate exceeding 6%. Additionally, they aim to tackle the issue of centralization with a self-limit on their share of all ETH staked.
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Preserving Decentralization: Ethereum Staking Giants Pledge to Self-Limit Market Share
Several leading Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, Puffer Finance, and Diva Staking, are adopting a self-limiting strategy to own no more than 22% of the Ethereum staking market, thus working to avoid a potential increase in staking centralization. This move is in contrast to entities like Lido Finance, which advocates for growth and dismisses the self-limitation approach.
Ethereum’s Liquid Staking: Controversy Erupts over 22% Validator Cap Debate
Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, have agreed to a self-imposed limit of 22% ownership of validators to maintain Ethereum’s decentralization. Proposed by Ethereum core developer Superphiz, this limit is seen as a means to prioritize network health over profits, requiring at least four major entities to finalize the chain. However, Lido Finance, the leading Ethereum staking provider, opposes this limit.
Ethereum Staking Shake-up: Buterin’s Insight and the Decentralization Dilemma
“Ethereum’s co-founder, Vitalik Buterin, discussed potential changes to Ethereum’s staking system, assessing a range of protocols and expressing concerns about the centralization of power among staking providers. He proposed mechanisms to enhance safety and decentralization of liquid staking and recommended revising certain procedures.”