Ethereum

2024

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DeFi

<h4><b>This surge in Eth stakers is expanding the staking pool, which has led to a debate in the Ethereum community. </b></h4> 
<p>Let’s discover more about Ethereum’s staking in this article.</p> 
<h5><strong>Rising ETH Stakers Ignite Community Debate</strong></h5> 
<p><span style="font-weight: 400;">Due to increased activities in the Ethereum staking pool, the community proposed slowing down the Ethereum issuance rate. If this happens, what’s the fate of ETH stakers? Stakers’ rewards will be reduced compared to their earnings from the staking pool. The proposal will increase the value of ETH over staked ETH; stETH.</span></p> 
<p><span style="font-weight: 400;">According to <a href="https://insights.glassnode.com/the-week-onchain-week-16-2024/?utm_campaign=woc_16_2024&amp;utm_medium=email&amp;utm_source=woc_newsletter" target="_blank" rel="noopener">Glassnode</a>, the rapid increase in ETH staking led to over 31.4 million ETH in the staking pool, which is 26% of the total supply of Ethereum. The </span><span style="font-weight: 400;">Eigenlayer</span><span style="font-weight: 400;"> protocol <a href="https://twitter.com/eigenlayer/status/1780265243215536223?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1780265243215536223%7Ctwgr%5E9a4ef2ef49d3bd7c88405d8d524f96d3e1c7952b%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fwp-admin%2Fpost.php%3Fpost%3D138905action%3Deditclassic-editor" target="_blank" rel="noopener">introduced</a> innovations that would solve significant issues encountered with staking. They are Restaking and liquidity restaking.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> community is debating a change to the ETH monetary policy, following a proposal aimed at constraining the rapid expansion of the staking pool.</p> 
 <p>This is motivated by a surge in demand for Liquid Staking and Restaking protocols.</p> 
 <p>Discover more in the latest Week… <a href="https://t.co/aSErpKC2sv">pic.twitter.com/aSErpKC2sv</a></p> 
 <p>— glassnode (@glassnode) <a href="https://twitter.com/glassnode/status/1780229828135755994?ref_src=twsrc%5Etfw">April 16, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Every blockchain network has a mechanism to oversee its activities. The Ethereum network uses the Proof-of-Stake mechanism, which decreases rewards whenever the <a href="https://www.coingecko.com/en/coins/lido-staked-ether" target="_blank" rel="noopener">staked ETH</a> increases. With a 31.4 million staked ETH rise, validators earn 3.2% yearly. The innovation on Eigenlayer protocols increased the number of stakers.</span></p> 
<h5><b>Staking Growth: Liquid Restaking</b></h5> 
<p><span style="font-weight: 400;">When you stake funds via Eigen’s liquid restaking, you earn liquid versions of your funds in return. So, you get a 63% liquid version of your staked funds. An increase in stETH could reduce the value of ETH for ETH holders.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">In Q1 2024, the trend of DeFi went in one direction, up <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b06.png" alt="⬆" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>DeFi TVL increased by 65.6% QoQ to reach $101 billion, this uptick was primarily driven by asset price appreciation and liquid restaking.</p> 
 <p>Explore the full report on the State of DeFi <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/6ZoyFJTv6w">https://t.co/6ZoyFJTv6w</a> <a href="https://t.co/awOtGZV5u1">pic.twitter.com/awOtGZV5u1</a></p> 
 <p>— Messari (@MessariCrypto) <a href="https://twitter.com/MessariCrypto/status/1781054967161254399?ref_src=twsrc%5Etfw">April 18, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">For ETH to continuously maintain its value, the community proposed a switch in ETH’s monetary policy. The Ethereum network also made a few upgrades that significantly reduced the growth of ETH staking pools.</span></p> 
<h5><b>Conclusion&nbsp;</b></h5> 
<p><span style="font-weight: 400;">According to <a href="https://insights.glassnode.com/the-week-onchain-week-16-2024/?utm_campaign=woc_16_2024&amp;utm_medium=email&amp;utm_source=woc_newsletter" target="_blank" rel="noopener">Glassnode</a>, over 31.4 million ETH staked could lead to a decline in Ethereum’s value for transactional purposes. The idea proposed by the community will face many dismissals, especially by ETH stakers, but this is for the good of ETH and the community. Follow through with our blog updates to know what’s next in this debate.</span></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/ethereums-staking-innovations-fuel-policy-debate/">Ethereum’s Staking Innovations Fuel Policy Debate</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Ethereum’s Staking Innovations Fuel Policy Debate

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