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> It's well hidden in Ethereum press releases, the only mention I can quickly find is the FAQ entry titled 'Misconception: "The Merge enabled staking withdrawal
by bhaak 4y ago
> It's well hidden in Ethereum press releases, the only mention I can quickly find is the FAQ entry titled 'Misconception: "The Merge enabled staking withdrawals."' here [1].
You shouldn't make financial decision based on press releases. It was a well known fact that the withdrawal of staked ETH would not be enabled with the POS hard fork. Every staking tutorial does point that out.
The Beacon Chain has been started in December 2020. That means people have been staking for almost 2 years now, knowing that they won't be able to withdraw any of their staked ETH for years.
You can say what you want that is quite the commitment.
> That is, staking right now is a one way street with a promise to be able to withdraw some time in the future and returning only about 4% gross annually, which is laughably low for something that risky.
You are aware that the POS rewards are calculated taking the amount of staked ETH into account? The more ETH is staked the smaller rewards are? That means that people are totally fine with staking for that kind of return.