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> Current implementation depends on the exchange rate No, it does not. You are staking ETH, not USD. Essentially, you are staking a percentage of all ETH, perc
by exo762 5y ago
> Current implementation depends on the exchange rate
No, it does not. You are staking ETH, not USD. Essentially, you are staking a percentage of all ETH, percentage capped from below.
- chrischattin 5y agoThe decision to use 32 ETH was a trade off based on the exchange rate at the time, 32ETH being ~$5k, which the devs thought was enough so that it wouldn’t be cost prohibitive to get involved and hurt enough to stay honest. When the exchange rate changes dramatically, like it did and will in the future, it changes the incentive structure in staking. So, yes, the current implementation’s incentive structures do depend on the exchange rate.