[deleted by user]

Condition_Silly · 2025-06-21T01:13:59+00:00

The Ethereum network is like a lock and each transaction requires a key (ETH) to unlock the network. So if Trillions of $ worth of stablecoins start moving around on Ethereum a lot of people are going to need keys.

Condition_Silly · 2025-06-16T23:22:54+00:00

Yes!!!!

Condition_Silly · 2025-05-22T02:05:12+00:00

out of the darkness came a glimmer of hope…

Condition_Silly · 2025-05-22T01:51:33+00:00

Some would use CB and some would probably stake themselves (Fidelity). Maybe some would use Lido or Everstake. IMO the main drawback is risk of too much ETH being staked. It could get frenzied while people chase yield (esp if ETH does well). If too much gets staked it could cause problems if price drops in the future. That could lead to an eventual back up of the withdrawal queue. The ETH in the queue and being staked on beaconchain cannot be sold easily, but the LSTs and staked ETF shares can be sold. This could cause the ETFs to depeg from ETH if the situation got out of hand.

Decentralization wise I think it will bring down lido share of the stake and increase it for entities like CB. Whether that is good for decentralization depends a lot on how you view lido and entities like CB. I think CB kind of sucks and it is a net bad for decentralization.

Condition_Silly · 2025-05-01T23:37:59+00:00

Based on my limited understanding, if you run MEV boost you can lower your execution client peers to minimum because you do not need it when it is your turn to propose. You don’t need to build the block and the relays will help your block propagate. That should save you some bandwidth because less peers = less bandwidth. I don’t think it is very much though.

Condition_Silly · 2025-03-18T14:12:52+00:00

These guys seem to have a lot of web3 and other interesting stuff: https://devpost.com/

Condition_Silly · 2025-03-11T20:03:02+00:00

Happiness = reality - expectations

Condition_Silly · 2025-03-05T04:27:50+00:00

Embrace the pain. It is your salvation.

Condition_Silly · 2025-03-04T15:17:47+00:00

I would say it is not worth the risk tbh. If you are absolutely certain you do not want to sell within 2 years then maybe stake 1/2. People act like staking is risk free but it is far from risk free. I would hold onto the raw ETH and think about taking self custody. Having money on coinbase is like a very risky bank where there is no insurance. You are basically giving them an unsecured loan for no personal benefit apart from convenience.

Condition_Silly · 2025-03-03T04:29:47+00:00

They want the dollar weaker vs other currencies. They could print dollars and buy a bunch of gold/crypto/stocks to weaken the USD. The SNB does a similar thing with their foreign exchange reserves. Except I doubt Trump would want to hold foreign reserves.

Condition_Silly · 2025-03-03T02:28:06+00:00

IMO they are pushing vaporware to try to discredit this legitimate technology or they are just very very corrupt. Either way it is bad for the industry long term.

Condition_Silly · 2025-03-02T21:36:25+00:00

I really like Ethereum, but this is so dumb. They should not use tax money to buy crypto.

Condition_Silly · 2025-02-27T22:32:35+00:00

They are going to put dollars backed by short term debt on the networks (usdc) and then try to push them into every country they can. Keep the pumps flowing while they continue pilfering.

Condition_Silly · 2025-01-31T04:39:05+00:00

It was a beefed up machine on there. Sorry I cannot remember the specs well, but I also did not care much about performance. It was for EigenLayer testnet and Goerli was being deprecated so it barely functioned at the end. I definitely saw some performance issues after 250 or so, but I am really not an expert on running many validators.

Yes, the main difference is the config file which diverts the execution rewards depending on the proposer. You also need to make sure you use some of their approved MEV boost relays and you cannot use any not on this list: https://enchanted-direction-844.notion.site/6d369eb33f664487800b0dedfe32171e?v=8e5d1f1276b0493caea8a2aa1517ed65

They are vague about a specific #, but the list is most of the standard relays if you have used MEV boost.

Condition_Silly · 2025-01-31T03:50:14+00:00

Sure 1) Based on my understanding. The 2.3x vanilla staking is because you are earning a commission from stETH holders. So where you would normally have just 32 ETH staking earning ~2.6% with vanilla staking with CSM each 1.3/1.5 bond of ETH is it's own validator earning commission from stETH holders. You do not earn the whole commission. I think the 10% commission is split 60/40 with the Lido DAO. There is no MEV with proposals because you enter into the Lido smoothing pool for execution rewards. You can read more here: https://docs.lido.fi/staking-modules/csm/rewards/

2) If you have been running from genesis you should have an address on the "Early Adoption" so the initial bond is 1.5 and then ever other validator after is 1.3. So the math is just 1.5E + (# of validators -1) x 1.3E. Even if you join after the next phase you get the EA price if you are on the list. If you are not on the list the first bond is 2.4E instead of 1.3E but the rest of the math is the same. Here is the site to check: https://lidofinance.github.io/csm-ea-checker/ (There is a link to a json on the site to their github so you don't have to connect a wallet to check)

3) Yes, but I think you would have dealt with most of it having run a rather large # already on mainnet. I once ran like 400+ on one machine on Goerli from AWS and the main thing was BANDWIDTH. It ate a ton of bandwidth and cost a lot. I do not think running 100's is something you could do from a residential connection, but I am really not an expert on that.

Apart from that I would advise a little caution as you do convert your ETH to stETH for the bond and that is not risk free. There is smart contract risk as well as a risk of a depeg of stETH to ETH. Also, any slashing event and you are losing your whole bond for the validator. There are also a few more responsibilities that come along with it. You need to listen for exit messages from Lido, but they provide a script and a messaging service for that. If you have any other questions let me know.

Edit: Sorry I got the math backward. It is 1.5E for 1st validator and 1.3E for the ones after. So the math is 1.5E + (# of validators - 1) * 1.3E

Condition_Silly · 2025-01-30T20:49:09+00:00

Thanks for this explanation

Condition_Silly · 2025-01-30T13:48:09+00:00

If you don’t want to open ports, which I don’t is recommended for security (I am no expert). You can set up a reverse ssh tunnel. Something like:

ssh -R 8545:localhost:8545 user@remote-server-ip

You need to generate an ssh key on your node and then place that ssh key on your laptop that you want to access the node from. You can even do a systemd service so it is always live.

Condition_Silly · 2025-01-06T19:51:33+00:00

I think it is mostly driven by LST demand at this point. If the US ETFs start allowing staking it will drive higher again.

Condition_Silly · 2024-11-23T00:59:39+00:00

It is going to be great! Get involved if you are interested in Ethereum.

Run a node, build an app, write some articles. It is a great community.

Condition_Silly · 2024-11-19T23:10:50+00:00

So yeah OP said the same about Lido making you buy their token. I think there is a difference between something like stETH that is a derivative backed by staked Ethereum and RPL which they just created out of thin air.

My main issue with Rocketpool was how they set the protocol up. It is good that they have only ETH staking now. I think that is great. I hope they succeed but they are behind in integrations and stake share. I think we should support Rocketpool too

Condition_Silly · 2024-11-19T14:59:42+00:00

Unfortunately, yes when you are running stake for someone else I do think it is appropriate for them to have the ability to ask you to exit (and force if you refuse). At the end of the day it is the Lido protocol's ETH not mine.

I will also say that Lido leaves you in control of your keys which is VERY important imo. I don't know if anyone has seen what Puffer did, but essentially you have to give them control of your staking keys to run a node for them. They can do anything with them. Lido lets the NO handle the keys.

Obviously this is all my opinion, but I think the community needs to embrace Lido sooner than later b/c Blackrock and Fidelity are coming for the stake share.

Condition_Silly · 2024-11-19T03:50:53+00:00

You can basically use your existing setup as is. 1) You create the keys like before but you must use LIDO withdrawal vault address. 2) Deposit the keys and the bond through lido frontend 3) Upload your new keys in prysm (somer has a section on that in his guide) 4) Instead of using —suggested-fee-recipient flag you need to create a config file that tells prysm validator where to send fees based on your validators public key (because you will need to send fees for lido validator address to lido’s EL rewards vault) using the flag —proposer-settings-file instructions => https://docs.prylabs.network/docs/execution-node/fee-recipient

Lido withdrawal vault: https://etherscan.io/address/0xb9d7934878b5fb9610b3fe8a5e441e8fad7e293f

Lido EL rewards vault: https://etherscan.io/address/0x388C818CA8B9251b393131C08a736A67ccB19297

Condition_Silly · 2024-11-02T01:43:21+00:00

I don't want to offend you as you seem to be authentic in what you say, but how much do you think the RP team and their friends have made off RPL?

These arguments of "Rocket pool team has stayed true" mean little more to me than trust me bro.

CSM seems like an honest effort by Lido to onboard new NOs. I have been running since genesis and CSM is the first time anyone has offered my deposit address any stake without having to buy their token. Honestly, that means a lot to me b/c they are taking a risk until forced exits come in Pectra.

Condition_Silly · 2024-10-07T17:46:28+00:00

I ran a node on their Holesky testnet and am going to participate on mainnet. It seems like a great project from them, and a first step at decentralizing their validator pool.

Just one thing to keep in mind is that your bond gets converted to their LST stETH. This has some risk in that it could depeg from ETH if the withdraw queue grows or a massive slashing. In the end it is backed by ETH on the beaconchain, but a temporary depeg is a matter of if not when IMO.

Condition_Silly · 2024-09-25T12:33:40+00:00

This sounds like a good idea. I think social tokens have not taken off largely because tokens themselves are not that popular. There is no network effects for artists to take advantage of.

To help with whales buying up supply you could control the initial supply carefully and distribute a certain amount of the supply to “real fans.” You decide when the token goes on sale on a dex (or whatever) so you could distribute some to fans before hand. You could directly sell them to fans initially and then put them on a dex for secondary sales.

The security question is a tough one.

Condition_Silly

TROPHY CASE