12-19-2022, 09:48 AM
Ethereum requires a massive 32 ETH to stake as a result about 64% of all staked ETH
<!-- SC_OFF --><div class="md"><p>I'm sorry if this has been asked before but I can't find an intelligent answer without it being called FUD. I'm not spreading FUD just looking for an answer.</p> <p>After the merge , ETH requires a minimum of 32 ETH which is a lot for the average investor. As a result exchanges and other platforms are being used to stake ETH. This is clearly a case of "Not your keys , not your coins"</p> <p><strong>64% of staked ETH controlled by 5 entities</strong></p> <p>Lido Finance 31 %</p> <p>Kraken 8.5%</p> <p>Coinbase 15%</p> <p>Binance 6.5%</p> <p>While a fifth unlabelled group of validators holds 23% of staked ETH. \ -<a href="https://cointelegraph.com/news/64-of-staked-eth-controlled-by-five-entities-nansen">Source</a></p> <p>​</p> <p>With the recent FTX crash and Binance FUD going on , let's consider the worst. If all exchanges turn out unsustainable or regulations make exchanges comply to their government for what ever reason. What does it mean for ETH and crypto ?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/OldySpicer"> /u/OldySpicer </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zpex6h/ethereum_requires_a_massive_32_eth_to_stake_as_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zpex6h/ethereum_requires_a_massive_32_eth_to_stake_as_a/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I'm sorry if this has been asked before but I can't find an intelligent answer without it being called FUD. I'm not spreading FUD just looking for an answer.</p> <p>After the merge , ETH requires a minimum of 32 ETH which is a lot for the average investor. As a result exchanges and other platforms are being used to stake ETH. This is clearly a case of "Not your keys , not your coins"</p> <p><strong>64% of staked ETH controlled by 5 entities</strong></p> <p>Lido Finance 31 %</p> <p>Kraken 8.5%</p> <p>Coinbase 15%</p> <p>Binance 6.5%</p> <p>While a fifth unlabelled group of validators holds 23% of staked ETH. \ -<a href="https://cointelegraph.com/news/64-of-staked-eth-controlled-by-five-entities-nansen">Source</a></p> <p>​</p> <p>With the recent FTX crash and Binance FUD going on , let's consider the worst. If all exchanges turn out unsustainable or regulations make exchanges comply to their government for what ever reason. What does it mean for ETH and crypto ?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/OldySpicer"> /u/OldySpicer </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zpex6h/ethereum_requires_a_massive_32_eth_to_stake_as_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zpex6h/ethereum_requires_a_massive_32_eth_to_stake_as_a/">[comments]</a></span>