RedStone Co-founder: Accurately quantifying staking yields helps assess Ethereum's development

ChainCatcher news, according to Coindesk Japan, RedStone co-founder and COO Marcin Kaźmierczak stated that with the rise of liquid staking derivatives, there is a need to more accurately quantify the staking yields of various platforms and their trends. Kazmierczak emphasized that using standardized on-chain Ethereum Comprehensive Staking Rate (CESR) oracle data sources as a benchmark is crucial for systematically analyzing staking trends. He further pointed out that accurately quantifying staking trends not only helps assess their impact on network security and token economics but also provides Ethereum holders with strategic insights for generating additional yields.

With innovations such as Staking-as-a-Service, Pooled Staking, and liquidity re-staking driving the rapid popularization of staking services, data shows that as of July 2024, the Ethereum network security budget has reached $110 billion, accounting for 28% of its total supply. The staking feature is widely used in exchanges and financial applications, attracting holders to participate in network security maintenance. Ethereum co-founder Vitalik Buterin has also partially staked his holdings.