Finrod

A very old Elf prince who loves crypto

[Mike Silagadze🛡 @MikeSilagadze]

After a conversation with @jdetychey I have a better understanding of his position. I’d like to write it down to make sure I got it right.

Having a high percentage of $ETH staked introduces a number of problems and acts as a centralizing force.

Specifically, if staked ETH crosses some threshold, say 50%, then it creates a strong incentive for the remaining 50% to stake to avoid dilution. At that point staking yield becomes nominal for all. It’s reasonable to expect that stakers will prefer the largest and most liquid staking options and so will opt for the largest LST or largest centralized staking entities.

Solo stakers are harmed in this scenario because they are, in most countries, paying taxes on nominal ETH yield and so their ROI becomes negative. This pushes them out of the market further centralizing the chain.

LSTs that accumulate a large percentage of ETH staked introduce tail risk because they become too big to fail. In the case of a major compromise the chain may be forced to fork.

This brings us to the other risk which is that in the case of very high percent of ETH staked the social layer (i.e. holders of non staked ETH) are not large enough in number to prevent bad actors from causing harm. For example of a large centralized staking entity decides to censor or fork the chain (e.g. Coinbase in the of some dispute over USDC.)

Is that correct? Anything I got wrong @jdetychey?

To be clear, I don’t agree with all of this, but I think all these are totally reasonable points and have merit.

[Finrod @finrodSM]

@MikeSilagadze @jdetychey So do a proposal to avoid centralization not to crash staking yields and DeFi

[Jeff Dorman @jdorman81]

Great chart from Blockworks... it's too bad the gatekeepers of all investment dollars into crypto refuse to educate their customers with this information, and instead try to bait the greater fool into thinking BTC, Layer 1s and memecoins are still the focus of blockchain.

Exchanges, market makers, VCs and the media -- the Four Horsemen of Incompetence -- are the biggest reason so much bad information continues to circle around crypto.

Education needs to be the focus

[Finrod @finrodSM]

@coinbureau What a freak show is happening ... FIAT is dying ...

[Finrod @finrodSM]

@brian_armstrong Hope you guys manage the real adoption of this technology.

[Finrod @finrodSM]

@CryptoCState @grvt_io You supported this protocol for so long. I just checked my airdrop today. I believe airdrops the way we did in the past are dead.

[Finrod @finrodSM]

@virtualbacon Short on Hype on 55 is a dangerours move.

[Finrod @finrodSM]

@virtualbacon @grok please summarize for me

[Finrod @finrodSM]

@CanarinhoFNC Então BTC também bearish

[Finrod @finrodSM]

@bgurley Exacly. If you are not able to control it. Do not release it.

[Jeff Park @dgt10011]

July 31 2007 was the day Bear Stearns liquidated its subprime mortgage portfolios, marking the beginning of the GFC, and the eventual birth of Bitcoin.

Today the 30yr yield passed 5.2%, the highest level of the year and since that dramatic event.

The time for Bitcoin is near.

[Peter Schiff @PeterSchiff]

The 30-year Treasury yield is above 5.2% for the first time in twenty years. Warsh is afraid to raise rates due to the adverse consequences for markets & the economy. But his failure to raise rates will have similar consequences. We’re damned if he does and damned if he doesn’t.

[Igor Mundstock @igor_mundstock]

Rendimento dos títulos da dívida de 30 anos do governo americano supera 5,2%, maior patamar desde 2007.

[StarPlatinum @StarPlatinum_]

Projects that shut down or disappeared in 2026

BitMEX - Exchange
BitMart - Exchange
Dango - DeFi
Odos Protocol - DEX Aggregator
Across Protocol - Bridge
Moonbeam - L1
Exchange Art - NFT Marketplace
Ctrl Wallet - Wallet
Cypher - Wallet
ICON Network - L1
NFTfi - NFT Lending
Loopring DEX - zkRollup DEX
Radiant Capital - Lending
Dmail - Web3 Mail
Tally - DAO Tooling
Step Finance - Solana Analytics
Swellchain - L2
Lattice - Gaming Infrastructure
Redstone Network - Gaming L2
JPG Store - NFT Marketplace
Comet - NFT Platform
Nifty Gateway - NFT Marketplace
ZeroLend - Lending
Forgotten Runiverse - GameFi
Colony - Ecosystem Fund
Entropy - Self Custody
Yupp - AI x Crypto
Syndicate Labs - DAO Infrastructure
MilkyWay - Restaking
Rage Trade - Perpetuals
Fantasytop - SocialFi
Bloktopia - Metaverse
Ventuals - Perpetuals
DL News - Crypto Media
Blocknative - Infrastructure
Balancer Labs - DeFi
Angle Protocol - Stablecoins
Polynomial - Derivatives
Slingshot - Trading
Magic Eden Wallet - Wallet
Magic Eden EVM - NFT Infrastructure
DappRadar - Analytics
Parsec - Analytics
DataHaven - Analytics
Bitcom - Exchange
BlockFills - Trading
Archblock - Stablecoin Infrastructure
NFN8 Group - Mining
BitRiver - Mining
Mercado Coin - Corporate Token
Goldfinch - Lending
Foundation - NFT Marketplace
Ionic - Lending
Botanix - Bitcoin L2
Over Protocol - L1
Zero Network - L2
Leap Wallet - Wallet
Blank Space - Lending
Everclear - Cross-chain
Pirate Nation - Web3 Gaming
Nyan Heroes - Web3 Gaming
Ember Sword - Web3 Gaming
Wildcard - Web3 Gaming
Arkham Exchange - Exchange
TapTools - Cardano Analytics
Pryzm - Cosmos L1
HaHa Wallet - Wallet
Polygon zkEVM - zkEVM Chain

[Coin Bureau @coinbureau]

BREAKING: Brazil just allowed tokenized cows to be used as loan collateral.

A farmer in Paraná was able to borrow $19,600 and used 10 dairy cows worth $23,500 as collateral for the loan.

Each cow has a unique digital identity and an AI-powered collar that allows lenders to tracks its health and location.

[Darius Dale @DariusDale42]

IMPORTANT.

[Mel Mattison @MelMattison1]

Warsh will be bitch-slapped by the end of his term. Here's why...

[Finrod @finrodSM]

@stacy_muur @movement_xyz @torabyou So. Another scam in crypto. What a surprise.

[Finrod @finrodSM]

@coinbureau Another scam