So, current value of $26B in eth, 14% of the total supply, which has been staked from as long ago as Dec 2020 when the price was $600, is going to be unlocked tomorrow.
I tried finding how much of that amount was staked at what prices after that date but couldn't. I'm guessing most was staked at much higher prices - $600 was right at the start of the bull run.
What I don't get about staking, is who the fuck cares about a 4-5% yield on something that moves that much in a day and could be worth 75% less next week?
/ Shire
npub1eh…6r6ma
2023-04-11 22:24:50
Author Public Key
npub1ehc8fenlp0n70378vqee2je2lphkvqddteprldtcxud230a6njsqj6r6maPublished at
2023-04-11 22:24:50Event JSON
{
"id": "de13c259bb6071f3fe0d6e6cf06cc9eba5b5813a3ea3173e5cf2c9d5b879d981",
"pubkey": "cdf074e67f0be7e7c7c76033954b2af86f6601ad5e423fb578371aa8bfba9ca0",
"created_at": 1681251890,
"kind": 1,
"tags": [],
"content": "So, current value of $26B in eth, 14% of the total supply, which has been staked from as long ago as Dec 2020 when the price was $600, is going to be unlocked tomorrow.\n\nI tried finding how much of that amount was staked at what prices after that date but couldn't. I'm guessing most was staked at much higher prices - $600 was right at the start of the bull run.\n\nWhat I don't get about staking, is who the fuck cares about a 4-5% yield on something that moves that much in a day and could be worth 75% less next week?\n\n",
"sig": "4d9ae62db9f5420f993cc6ab837286e16ea4b55b2215f6c3a060373cf2a57b273fb1a82864b40b6dd7105f8f93d6b8b07daa5d0582dc15b7b73284079c0c2794"
}