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In crypto there's this concept of delegation and also pooling. This allows folks with smaller holdings to be exposed to the benefits of staking.
by twox2 6y ago
In crypto there's this concept of delegation and also pooling. This allows folks with smaller holdings to be exposed to the benefits of staking.
- cwkoss 6y agoCan this be done non-custodially? i.e. can an ETH holder somehow delegate a pool to be able to stake with that ETH but not spend it?
- tick_tock_tick 6y agoNo or people could use that to bypass slashing.
- cwkoss 6y agoOooh, gonna be some fun trust scams in PoS world :-D
- everfree 6y agoYes, take a look at Rocket Pool: https://www.rocketpool.net/ https://www.rocketpool.net/ The trick is that as the pool leader, you have to put up a 16 ETH stake and other participants pool together to make up the other 16 ETH. If you misbehave as the pool leader, your 16 ETH is the first to get slashed. They published a blog post this week talking about how they are pushing back their roadmap until the Eth1/Eth2 merge, though. Their proof of concept was working great on testnets.