Nostr Web Client

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?

Reply to this note

Please Login to reply.

Discussion

OΞHI ⚡️🧡 (111k Gang) 2y ago

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

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.

Nice and Kind Vic 2y ago

Those people and institutions look at cryptos as investment thinking eth is like a blue chip stock and polygon and sol are small to mid caps with room to run.

So they think they can earn a return with proof of stake.

They price in terms of fiat, not BTC so they think they are winning.

Information asymmetry is a bitch. They were so close to understanding. Their loss. Our gain.

Adopting Bitcoin is natural selection at work

Shire 2y ago

They're gonna learn the hard way. 😎

cuban 2y ago

Do you think insiders are selling their eth now before dealers get to? I certainly do

Shire 2y ago

I think they'd be stupid not to, but gotta remember they bought it to start with, so who knows? Lol