Decentralization activist, nerd, solo staker since March 2021, Bankless DAO, farmers market habitué
17 Followers
I would add that the ability to rent bikes for short trips has changed how I travel. We visited Stockholm, Copenhagen and Rotterdam this summer and rode all over each city on bikes!
I have been a home solo staker for 3 years. I just went through 1 month process to shift to being able to restake to Eigenlayer operator. It was brutal, in fact so bad that I am working with a team to create a DAO for supporting solo stakers and improving decentralization for ETH.
Along with convenience I would add fear - I just shut down a validator and restarted so I could set the withdrawal address to Eigenlayer. It took over a month of wall clock time and many, many frightening moments of setting addresses and getting conflicting results, culminating in finding out the Ledger doesn't support depositing native restaked ETH.
Liquid staking and restaking have made it more profitable NOT to solo stake. It then becomes more of a philosophical commitment to decentralization than a financial/rational decision.