1/ Rocket Pool started to prepare for #ETH staking already in 2017!
Yet Lido dominates liquid $ETH with 90% market share, despite announcing itself 1 month before the Beacon Chain launch in 2020
Rocket Pool market share is only 4.3%
Why and how can Rocket Pool catch up ๐งต
Yet Lido dominates liquid $ETH with 90% market share, despite announcing itself 1 month before the Beacon Chain launch in 2020
Rocket Pool market share is only 4.3%
Why and how can Rocket Pool catch up ๐งต
2/ When it comes to the overall Lido $ETH staking market share, it stands at 31.3%
โข Coinbase - 14.6%
โข Kraken - 8.5%
โข Binance - 6.7%
Rocket pool?
Only 1.5%
โข Coinbase - 14.6%
โข Kraken - 8.5%
โข Binance - 6.7%
Rocket pool?
Only 1.5%
3/ In the so-called liquid staking category, Lido is an absolute beast with 90% dominance
To reduce centralization risks, Lido is working on Distributed Validator Technology, but more (especially liquid) staking solutions are needed
To reduce centralization risks, Lido is working on Distributed Validator Technology, but more (especially liquid) staking solutions are needed
4/ But first, how did Lido gain such dominance?
@Jasper_ETH wrote a great explanation. In short:
โข Lido launched first
โข Allowed unlimited amount of #ETH to be staked
โข Launched aggressive liquidity mining
โข Got integrated into Curve, Yearn etc.
mirror.xyz
@Jasper_ETH wrote a great explanation. In short:
โข Lido launched first
โข Allowed unlimited amount of #ETH to be staked
โข Launched aggressive liquidity mining
โข Got integrated into Curve, Yearn etc.
mirror.xyz
5/ But not all is lost
To scale Rocket Pool is planning:
โข Less $ETH bonded minipools reducing collateral requirement from 16 ETH to as low as 4 #ETH
โข Staking as a Service for institutions etc.
โข Integrate solo staker migration
Check the full plan
To scale Rocket Pool is planning:
โข Less $ETH bonded minipools reducing collateral requirement from 16 ETH to as low as 4 #ETH
โข Staking as a Service for institutions etc.
โข Integrate solo staker migration
Check the full plan
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