RedStone Lianchuang: Accurately quantifying staking returns will help evaluate Ethereum development

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ChainCatcher reported that according to Coindesk Japan, RedStone co-founder and COO Marcin Kaźmierczak said that with the rise of liquid staking derivatives, it is necessary to more accurately quantify the staking income of each platform and its changing trends. Kazmierczak emphasized that the use of a standardized on-chain Ethereum Comprehensive Staking Rate (CESR) oracle data source as a benchmark indicator is critical for systematic analysis of staking trends. He further pointed out that accurately quantifying staking trends not only helps to assess its impact on network security and token economics, but also provides Ethereum holders with a strategic basis for creating additional income.

With the rapid popularization of staking business driven by innovative models such as Staking-as-a-Service, Pooled Staking and Liquidity Re-staking, data shows that as of July 2024, Ethereum's network security budget has reached $110 billion, accounting for 28% of its total supply. The staking function is widely used in exchanges and financial applications, attracting holders to participate in network security maintenance. Ethereum co-founder Vitalik Buterin has also staked part of his holdings.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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