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Liquid staking maximalism - HackMD

notes.ethereum.org · 1,949 words · saved by 1 readers

Tier 1 C 1 𝐶 1 : At risk. This is capital provided by the staker themself. It attracts the higher staking interest r 1 𝑟 1 . It will be fully slashed on misbehaviour. It can only be staked/unstaked through queues that guarantee weak subjectivity does not get too short. Tier 2 C 2 𝐶 2 : Each position of tier 1 capital can create, by depositing Ether, a liquid staking token. The capital will accrue a lower interest rate r 2 𝑟 2 . The provider collects an adjustable fee from this, the rest accrues to the staking token. It is not at risk and can be withdrawn instantly at any time. It can also be deposited at any time, but only a maximum amount up to C 2 = g C 1 𝐶 2 = 𝑔 𝐶 1 can be deposited for a staking position, guaranteeing a fraction of at least 1 1 + g 1 1 + 𝑔 of tier 1 capital staked. Suggested constants: g = 19 𝑔 = 19 r 1 𝑟 1 to be determined algorithmically similar to current staking returns, however bottoming out at a rate slightly higher than r 2 𝑟 2 , e.g.

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