Summary: Treasury is seeking community's input to choose one or multiple ETH staking services
Motivation: We have internally been looking mainly at Lido and RocketPool. Treasury believes these two protocols offer different tradeoffs. Indeed, Lido is the industry leader and attracted close to $6B worth of ETH and a huge amount of liquidity for its token, stETH. However, its validators are currently run by a limited number of entities, all chosen by Lido which raises some centralization concerns.
RocketPool, on the other hand, counts 850 different node operators. However, the protocol only counts about $300M worth of ETH staked & rETH has much thinner liquidity than stETH which could put some limits on our investment size.
Next Steps
- Gather feedback from the community, in the comments below or on Discord
- Move forward with protocol whitelisting once consensus has been reached
- Stake ETH