Ethereum's Real Yield
Ethereum's total staking yield has declined from 7.3% before the Shanghai upgrade to approximately 5.5%, reflecting the changing landscape of crypto investments amid evolving market dynamics.
According to YCharts, the yield rate for 2-year US treasuries has risen to over 5%, in line with rising interest rates at large.
Though staking is technically accessible to anyone, one must hold 32 ETH ($52,000) to set up a staking node and enter the staking arena from scratch. Users with fewer holdings must access ETH staking through a centralized staking provider that takes the financial and technical burden off of their user’s shoulders in exchange for a cut of their profits.
Lido is currently the largest of such providers, controlling 8.9 million ETH of the total 30.7 million ETH locked in the network’s staking contract.
Another set of centralized firms including Coinbase, Kraken, and Binance collectively control over 5 million staked ETH, according to Glassnode.
#crypto2023 #BTC #Layer2 #ETH #crypto
$ETH
Ethereum's total staking yield has declined from 7.3% before the Shanghai upgrade to approximately 5.5%, reflecting the changing landscape of crypto investments amid evolving market dynamics.
According to YCharts, the yield rate for 2-year US treasuries has risen to over 5%, in line with rising interest rates at large.
Though staking is technically accessible to anyone, one must hold 32 ETH ($52,000) to set up a staking node and enter the staking arena from scratch. Users with fewer holdings must access ETH staking through a centralized staking provider that takes the financial and technical burden off of their user’s shoulders in exchange for a cut of their profits.
Lido is currently the largest of such providers, controlling 8.9 million ETH of the total 30.7 million ETH locked in the network’s staking contract.
Another set of centralized firms including Coinbase, Kraken, and Binance collectively control over 5 million staked ETH, according to Glassnode.
#crypto2023 #BTC #Layer2 #ETH #crypto
$ETH