Staking Insider #28

📊 Staking Asset Profile 2.0

Author

Staking Rewards
March 08, 2024

GM fellow staker,

Raise your hand if you were staking before the bull market 🙋

Either way, with global rewards issued per year at $5.85b, there has never been a better time to start staking. Let’s get into this week’s edition…

🧵 What to expect:

  • 📊 The Staking Asset Profile 2.0

  • 📢 srETH v2 is Live

  • 📰 Weekly Briefing

  • ⚡ Scaling EVM with 10,000 tps

  • 💸 The Future of On Chain Derivatives

  • 🎯 Winning the Validator Rewards Game

Read time: 2 minutes

📊 The Staking Asset Profile 2.0

A glimpse of the new ETH staking asset profile

Today we’re excited to release a big update to the staking asset profiles on our site, covering over 70+ staking assets. The new UI and added functionality gives you better visibility on net staking flows, historical data and a new way to compare the market position of staking assets.

Here’s a quick round up of 3 core features…

Net staking flow 30d charts: Asset profiles now feature an expanded 30 day view of the Net Staking Flow, so you can track staking participation over time!

Extended time frames on performance charts: Historical staking data can now be viewed over much longer time frames on individual asset pages.

Compare market position of assets: Benchmark your chosen asset against other staking assets. Compare up to 20 different staking metrics.

📢 srETH is Live

Meet srETH v2, our new ETH liquid staking index, in collaboration with our partners Spool.

srETH was designed to be a simple 'stake-and-forget' solution that remains non-custodial, spreads your investment over top LSTs and always provides the best risk adjusted yield.

srETH sits alongside a full suite of staking options on our website, but caters for a particular user group that is looking for a more hands off approach.

At launch, srETH v2 has the following dynamic fund allocation:

$OETH - 59.30%, $stETH - 20.2%, $sfrxETH - 10.0%, $rETH - 7.8%, $Convex-stfrxETH - 2.7%

Oh and btw… srETH has launched with an APY of ~44%.

This APY includes a 3.40% base yield after fees, with an additional 40.8% in incentivized rewards in the form of $SPOOL tokens.

The additional SPOOL tokens are included as part of a SpoolDAO governance vote and are minted based on a monthly emission plan.

This week’s Staking Insider is brought to you by ClayStack, a modular DVT-based Liquid Restaking Protocol, live on Ethereum mainnet.

With ClayStack, you can mint csETH by depositing native ETH and LSTs. csETH holders earn rewards on their staked assets and also accrue CLAY Points and EigenLayer Restaked Points, unrestricted by EL deposit caps.

📰 Weekly Briefing

Here’s this week’s top news from the world of staking and crypto…

⚡ Scaling EVM with 10,000 tps

10,000 tps + 1 sec block times ⚡

Monad is a new Layer 1, which aims to scale the EVM through pipelined execution of Ethereum transactions.

Keone (Co-founder / CEO, Monad) joined Mirko (Co-founder / CEO, Staking Rewards) to speak on Monad’s roadmap and take an early look at their validator ecosystem & plans around staking.

🚀 The Future of On Chain Derivatives

Following our recent integration of DYDX, we spoke to Tristan Dickinson from the dYdX Foundation about the 2024 roadmap for dYdX Chain, competing with CEXs & distributing 100% of protocol fees to stakers

📱 Winning the Validator Rewards Game

Optimizing validator performance can be a complex environment to navigate. Timing games have emerged as a significant area of focus for validators, in pursuit of performance.

bloXroute has introduced the Validator Gateway, an innovative tool aimed at boosting APY and enhancing validator effectiveness significantly.

🎬 That’s a Wrap for this week!

Thank you for taking the time to read the Staking Insider newsletter. Let us know what you thought of this week’s edition…

Disclaimer: None of this is financial advice. The Staking Insider newsletter is strictly for educational purposes and is not investment advice. Please be careful and always do your own research.

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