
<p>GM Fellow Staker,</p>



<p>This week we’re tackling a juicy topic, integral to the future health of the Ethereum network. Let’s hop to it…</p>



<h2 class="wp-block-heading">🧵<strong> In this Week’s Edition:</strong></h2>



<ul>
<li>🥊 Pros &amp; Cons of Permissioned vs Open Validator Sets</li>



<li>📈 Cosmos &#8211; 30d Net Staking Flow</li>



<li>📰 Weekly Briefing</li>



<li>📅 Daily Historical Staking Data Now Live via API</li>



<li>🎫Summit Lead Sponsors: Sold Out</li>
</ul>



<p><em>Read time: 2 minutes</em></p>



<h2 class="wp-block-heading">🥊 <strong>Pros &amp; Cons of Permissioned vs Open Validator Sets</strong></h2>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1200" height="675" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Permissioned_vs_Open_Validator_Sets_25784a5221.png" alt="" class="wp-image-13522" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/Permissioned_vs_Open_Validator_Sets_25784a5221.png 1200w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Permissioned_vs_Open_Validator_Sets_360x203_24787888b0.png 360w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Permissioned_vs_Open_Validator_Sets_80x45_4958db52e8.png 80w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Permissioned_vs_Open_Validator_Sets_768x432_a53663c1b5.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure>



<p>Who should operate nodes within a Liquid Staking protocol?</p>



<p>There has been some lively debates on this topic, especially within the Ethereum community as of late.</p>



<p>If you stake ETH, then it’s definitely a <a target="_blank" rel="noreferrer noopener" href="https://legacy.stakingrewards.com/journal/comparative-analysis-pros-and-cons-of-permissioned-vs-open-validator-sets/">question worth pondering</a>!</p>



<p>One side of the fence argues that anyone should be allowed to run a node, thus avoiding centralization and sticking true to the original philosophy of Web3.</p>



<p>The other side argues that only chosen entities should run nodes, to offer the high standards needed to scale with security and efficiency in mind.</p>



<p>The reality is, it’s not that simple, as both involve complex trade-offs. <a target="_blank" rel="noreferrer noopener" href="https://legacy.stakingrewards.com/journal/comparative-analysis-pros-and-cons-of-permissioned-vs-open-validator-sets/">Take a closer look at Permissioned vs Open Validator sets</a> and explore some real world comparisons in our latest feature article</p>



<p><a href="https://legacy.stakingrewards.com/journal/comparative-analysis-pros-and-cons-of-permissioned-vs-open-validator-sets/">Read the Full Comparison</a></p>



<h2 class="wp-block-heading">📈<strong> Cosmos Ecosystem &#8211; 30d Net Staking Flow</strong></h2>



<p>This week we’re presenting the 30d Net Staking Flow for the top 10 assets in the <a target="_blank" rel="noreferrer noopener" href="https://www.stakingrewards.com/assets/cosmos-ecosystem?sort=staking_marketcap&amp;timeframe=7d&amp;order=desc">Cosmos Ecosystem</a>.</p>



<p><a href="https://www.stakingrewards.com/asset/crypto-com-coin?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">CRO</a> (+$12.7m), <a href="https://www.stakingrewards.com/asset/osmosis?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">OSMO</a> (+$10.1m), <a href="https://www.stakingrewards.com/asset/injective-protocol?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">INJ </a>($6.5m), <a href="https://www.stakingrewards.com/asset/archway?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">ARCH</a> ($4.06m), <a href="https://www.stakingrewards.com/asset/secret-network?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">SCRT</a> ($1.44m), <a href="https://www.stakingrewards.com/asset/kava?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">KAVA</a> ($1.05m), <a href="https://www.stakingrewards.com/asset/persistence?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">XPRT</a> ($105k), <a href="https://www.stakingrewards.com/asset/akash?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">AKT</a> (-85.5k), <a href="https://www.stakingrewards.com/asset/canto?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">CANTO</a> (-$287k), <a href="https://www.stakingrewards.com/asset/band-protocol?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">BAND</a> (-$594k), <a href="https://www.stakingrewards.com/asset/cosmos?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true" target="_blank" rel="noreferrer noopener">ATOM</a> (-$23.3m).30d Net Staking Flow for the top 10 assets in the Cosmos ecosystem</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1292" height="1292" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/COSMOS_Top_10_Net_Staking_Flow_19c5a89ba3.png" alt="" class="wp-image-13523" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/COSMOS_Top_10_Net_Staking_Flow_19c5a89ba3.png 1292w, https://tidy-ball-c49dc59f59.media.strapiapp.com/COSMOS_Top_10_Net_Staking_Flow_360x360_497ab64299.png 360w, https://tidy-ball-c49dc59f59.media.strapiapp.com/COSMOS_Top_10_Net_Staking_Flow_80x80_2474131ea7.png 80w, https://tidy-ball-c49dc59f59.media.strapiapp.com/COSMOS_Top_10_Net_Staking_Flow_768x768_e42224bfb6.png 768w" sizes="(max-width: 1292px) 100vw, 1292px" /></figure>



<p><em>Note:</em> Above chart does not include <a target="_blank" rel="noreferrer noopener" href="https://www.stakingrewards.com/asset/sei-network?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true">SEI</a>, who launched less than 30 days ago. The Sei Network current has a Staking Market Cap of <a target="_blank" rel="noreferrer noopener" href="https://www.stakingrewards.com/asset/sei-network?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true">$607.09m</a>, with <a target="_blank" rel="noreferrer noopener" href="https://www.stakingrewards.com/asset/sei-network?category=pos&amp;sort=staked_tokens&amp;timeframe=30d&amp;order=desc&amp;verifiedFirst=true">12.84k</a> Staking Wallets on the network.</p>



<h2 class="wp-block-heading">📰<strong> Weekly Briefing</strong></h2>



<p>Here’s this week’s top news from the world of staking and crypto…</p>



<ul>
<li>ClayStack Launch the First <a target="_blank" rel="noreferrer noopener" href="https://claystack.com/blog/introducing-claystack-ethereum-liquid-staking">DVT-Based Ethereum Liquid Staking</a></li>



<li>Cosmos Hub Upgrades to Add <a target="_blank" rel="noreferrer noopener" href="https://cointelegraph.com/news/cosmos-hub-upgrades-offer-liquid-staking#:~:text=Cosmos%20Hub%2C%20a%20blockchain%20part,token%20of%20the%20Cosmos%20network.">Liquid Staking Module</a></li>



<li>SSV Network Launches Decentralized <a target="_blank" rel="noreferrer noopener" href="https://www.theblock.co/post/251004/ssv-network-mainnet">Staking Mainnet</a> with Partner Apps</li>



<li>Lido Finance selects Axelar and Neutron to launch <a target="_blank" rel="noreferrer noopener" href="https://coinmarketcap.com/headlines/news/lido-finance-axelar-neutron-wsteth-cosmos/">wstETH on Cosmos</a></li>



<li><a target="_blank" rel="noreferrer noopener" href="https://stakingfacilities.com/blog/a-new-era-in-staking-safe-robust-and-made-in-germany">Staking Facilities</a> Partners with Boerse Stuttgart Digital and Munich Re to Launch Fully Insured Staking Solution</li>
</ul>



<h2 class="wp-block-heading">📅<strong> Daily Historical Staking Data is Now Live</strong></h2>



<p>The <a target="_blank" rel="noreferrer noopener" href="https://www.stakingrewards.com/staking-data-api">Staking Data API</a> continues to level up.</p>



<p>You can now query daily <em>close</em> data for all available metrics in the <a href="https://www.stakingrewards.com/staking-data-api" target="_blank" rel="noreferrer noopener">Staking Data API</a>.</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1292" height="385" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/API_historical_data_updates_13b00c096a.png" alt="" class="wp-image-13525" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/API_historical_data_updates_13b00c096a.png 1292w, https://tidy-ball-c49dc59f59.media.strapiapp.com/API_historical_data_updates_360x107_c2d7057bee.png 360w, https://tidy-ball-c49dc59f59.media.strapiapp.com/API_historical_data_updates_80x24_9bfa5189c5.png 80w, https://tidy-ball-c49dc59f59.media.strapiapp.com/API_historical_data_updates_768x229_f738a1c0b9.png 768w" sizes="(max-width: 1292px) 100vw, 1292px" /></figure>



<p>This allows you to easily query long timeframes by returning one value per day, making your historical staking data analysis more efficient 💪Query to return the daily reward rate for Ethereum</p>



<p><a href="https://www.stakingrewards.com/staking-data-api">Explore the Staking Data API</a></p>



<h2 class="wp-block-heading">📰<strong> Summit Lead Sponsors: Sold Out</strong></h2>



<p>This year’s Lead Sponsors of the Staking Summit bring some of the freshest perspectives and innovation in the Staking space.</p>



<p>We&#8217;re delighted to welcome back <a target="_blank" rel="noreferrer noopener" href="https://obol.tech/">Obol Network</a>, <a target="_blank" rel="noreferrer noopener" href="https://www.tenderize.me/">Tenderize</a> and <a target="_blank" rel="noreferrer noopener" href="https://www.luganodes.com/">Luga Nodes</a>, along with newcomers <a target="_blank" rel="noreferrer noopener" href="https://www.chainproof.co/">Chain Proof</a> and <a target="_blank" rel="noreferrer noopener" href="https://lido.fi/">Lido</a>. 🔥</p>



<p>Subscribers can get 10% off Staking Summit tickets until the end of month using the below code:</p>



<pre class="wp-block-code"><code>staking_insider</code></pre>



<p><a href="https://www.stakingrewards.com/summit">Book Tickets Now</a></p>



<h2 class="wp-block-heading">👀<strong> Last But Certainly Not Least</strong></h2>



<p>✍️ <a target="_blank" rel="noreferrer noopener" href="https://stakingrewards.typeform.com/to/NTRTKLsB">Sign Up to be Part of the Staking Rewards Alpha User Cohort</a></p>



<h2 class="wp-block-heading"><a target="_blank" rel="noreferrer noopener" href="https://emojipedia.org/clapper-board/">🎬</a><strong> That’s a Wrap for this week!</strong></h2>



<p>Thank you for taking the time to read the Staking Insider newsletter. Let us know what you thought of this week’s edition…</p>



<p><em>Disclaimer: None of this is financial advice. The Staking Insider newsletter is strictly for educational purposes and is not investment advice. Please be careful and always do your own research.</em></p>


Staking Insider #14: Permissioned vs Open Validator Sets