Podcast • November 13, 2024
In this episode
On Ep. 66 of Infinite Jungle, Christine chats with Dmitry Gusakov, Technical Lead for the Lido Community Staking Module (CSM), about the future of solo staking on Ethereum. Gusakov explains why he believes there will always be solo stakers on Ethereum staking 32 ETH directly on the network even if it’s an irrational behavior. He posits that a realistic share of validators operated by solo stakers on Lido would be between 2% to 4% and that a meaningful change to the minimum effective balance of validators from 32 ETH to 1 ETH could help increase this share in the long run. Finally, Gusakov explains the tools and resources available for individuals with no technical knowledge to stake on Ethereum and spin up a validator in 5 minutes. This episode is the second in a two-part interview series with Gusakov.
Show note links:
Timestamps:
(00:01:00) Is there a future for solo stakers on Ethereum?
(00:05:29) How to spin up an Ethereum validator in 5 minutes
(00:10:43) What is a realistic share of solo stakers on Lido?
(00:13:14) What should Ethereum protocol devs do to help solo stakers?
(00:18:12) How out of protocol apps like Lido can help Ethereum decentralization
This episode was recorded on Friday, October 29, 2024.
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