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Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: trendcoin on September 25, 2022, 08:43:23 PM

Title: Post-Merge ETH has become obsolete
Post by: trendcoin on September 25, 2022, 08:43:23 PM
As the benefits of staking continue to be covered in the press, liquid staking derivatives are sure to become a central part of even the simplest of DeFi strategies. Coinbase providing “cbETH” means even retail investors will be familiar with the strategy. We’re likely to see a steep upshoot in protocols accepting liquid staking derivatives as users begin to flock to the essentially free yield. Soon, many DeFi users may only hold ETH to cover their gas fees.

(https://s3.cointelegraph.com/uploads/2022-09/267c8410-a3f4-4f93-a0e1-7b80ba0f2a4a.png)

The proliferation of liquid staking derivatives will help to bolster the amount of ETH deposited into various validator systems, enhancing network security while providing yield to provide financial benefits for supporters. The days of ETH seem to be numbered. Beyond a nominal gas allowance, any ETH not converted to a liquid staking derivative will just be money left on the table. The long foretold ETH killer appears to have finally emerged, though it looks like it will only boost Ethereum’s security and its supporters’ bags.
Source (https://cointelegraph.com/news/why-post-merge-ethereum-has-become-obsolete)