Replying to Avatar Shire

So, current value of $26B in eth, 14% of the total supply, which has been staked from as long ago as Dec 2020 when the price was $600, is going to be unlocked tomorrow.

I tried finding how much of that amount was staked at what prices after that date but couldn't. I'm guessing most was staked at much higher prices - $600 was right at the start of the bull run.

What I don't get about staking, is who the fuck cares about a 4-5% yield on something that moves that much in a day and could be worth 75% less next week?
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OΞHI ⚡️🧡 (111k Gang) 2y ago

If you have a bag of 200.000 Eth 4-5% is alot

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Shire 2y ago

It's small compensation for being down 75%.

Even a 4-5% yield on my Bitcoin would have zero effect on me deciding to buy it. Well, it'd probably have a negative effect because it's scammy.