GM fellow staker,We're sliding into your inbox with some mid-week staking market updates...🧵 What to expect:<ul><li>✊ Make Ethereum Diverse Again</li><li>📰 Weekly Briefing</li><li>⚔️ Staking's Secret Weapon</li><li>🗣️ Your Opinion Matters, Anon</li></ul>Read time: 2 minutes&nbsp;The week's Staking Insider is brought to you by.... ClayStack!ClayStack is a modular DVT-based Liquid Restaking Protocol, live on Ethereum mainnet.With ClayStack, you can now mint csETH by depositing native ETH and LSTs. csETH holders earn rewards on their staked assets and also accrue CLAY Points and EigenLayer Restaked Points, unrestricted by EL deposit caps.To launch their restaking initiative via EigenLayer, Claystack are offering you the opportunity to earn 20 Clay Points per ETH weekly, ahead of the much-anticipated token launch. CLAY Points will be redeemable for CLAY tokens at a 1:1 ratio in the future, setting the offer apart uniquely from other LRT options.<a target="_blank" rel="noopener noreferrer" href="http://app.claystack.com/stake/ethereum">Restake with Claystack</a>&nbsp;<h2>✊ Make Ethereum Diverse Again</h2>Client diversity on Ethereum was in the spotlight last week, and for a VERY good reason.Before we dive in, here’s a quick primer on Ethereum Clients for the uninitiated…Ethereum is a global distributed network secured by 904k active validators. Node operators run special software, known as "clients", which implement the Ethereum PoS protocol.There are two types of clients in Ethereum: Execution Clients and Consensus Clients. Execution Clients process Ethereum transactions and maintain the state of the network, while Consensus Clients ensure consensus through a PoS algorithm, syncing the Ethereum state.Still with us? Here’s what all the fuss was about last week…Nethermind, a minority Execution Client, experienced a bug on 21st Jan. The bug was quickly fixed and node operators installed the necessary patch to continue along their merry way.Yet, the incident raised a BIG question… what would happen if the majority Execution Client, Geth, experienced a bug<img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Screenshot_2024_01_30_at_10_37_04_0eda698e78.png" alt="Screenshot 2024-01-30 at 10.37.04.png">Execution Client diversity as shown on clientdiversity.orgGeth is currently used by 78% of all Ethereum validators. This presents an issue as it only takes 66% of validators to reach finality on the Ethereum chain.If Geth experienced a critical bug, they would need to fork to a new chain to resolve the issue. This fix could end up being race against the clock, as they would only have limited time to make the fix and switch back to the main chain before the forked chain reached finalization (~12 minutes). If the forked chain finalized, all validators using the client would face harsh penalties, which could result in a massive loss of staked ETH. The outcomes of such a scenario were examined in <a target="_blank" rel="noopener noreferrer" href="https://labrys.io/insights/geth-staking?utm_source=brevo&amp;utm_campaign=Staking+Insider+-+24&amp;utm_medium=email">this blog post</a> by Labrys.Diversifying the usage of Execution Clients on the network is an important step to prevent such a black swan event from occurring. Remember, the critical threshold for any Execution Client to fall below is 66%.At the start of last week Geth had an 84% majority, as of today this has dropped to 78%. This is due in part to the actions of our Verified Staking Providers.Both <a href="/provider/allnodes/" target="_blank" rel="noopener noreferrer">Allnodes</a> and <a href="/provider/p2p-validator/" target="_blank" rel="noopener noreferrer">P2P</a>, two of the biggest node operators, have already made a full switch to Besu, a minority Execution Client.This trend is set to continue, with the likes of <a href="/provider/kiln/" target="_blank" rel="noopener noreferrer">Kiln</a>, <a href="/provider/chorus-one/" target="_blank" rel="noopener noreferrer">Chorus One</a> and <a href="/provider/stake-fish/" target="_blank" rel="noopener noreferrer">Stakefish</a> making commitments to reduce their reliance on Geth. Coinbase have also signaled their intention to review their Excecution Client.On top of that, many VSPs already operate a diverse Execution client set. Examples include <a href="/provider/rockawayx/" target="_blank" rel="noopener noreferrer">RockawayX</a>, <a href="/provider/senseinode/" target="_blank" rel="noopener noreferrer">SenseiNode</a>, <a href="/provider/simply-staking/" target="_blank" rel="noopener noreferrer">Simply Staking</a> &amp; many more.Will Geth fall below the critical 66% within the next few months? Since things are moving in the right direction, we remain hopeful. Only time will tell...&nbsp;<h3>📰 Weekly Briefing</h3>Top news this week from the world of staking…<ul><li>Tenderize <a target="_blank" rel="noopener noreferrer" href="https://twitter.com/tenderize_me/status/1752364440777896442?utm_source=brevo&amp;utm_campaign=Staking+Insider+-+24&amp;utm_medium=email">Mainnet goes live</a>, supporting Livepeer, Polygon &amp; The Graph</li><li>dYdX Chain adds <a target="_blank" rel="noopener noreferrer" href="https://www.dydx.foundation/blog/liquid-staking-launches-on-the-dydx-chain?utm_source=brevo&amp;utm_campaign=Staking+Insider+-+24&amp;utm_medium=email">liquid staking</a> support with latest upgrade</li><li>ZetaChain to go live on mainnet <a target="_blank" rel="noopener noreferrer" href="https://www.theblock.co/post/275119/jane-street-zetachain-mainnet-bitcoin-ethereum?utm_source=brevo&amp;utm_campaign=Staking%20Insider%20-%2024&amp;utm_medium=email">within days</a>, aiming to unite Bitcoin, Ethereum and other chains</li><li>Binance Labs invests in restaking protocol <a target="_blank" rel="noopener noreferrer" href="https://www.theblock.co/post/275102/binance-labs-puffer-investment?utm_source=brevo&amp;utm_campaign=Staking%20Insider%20-%2024&amp;utm_medium=email">Puffer Finance</a></li></ul>&nbsp;<h2>⚔️ Staking's Secret Weapon</h2>You may have used the Staking Calculator tool on our website, but have you ever dug deeper?The Staking Scenarios section at the bottom of the Staking Calculator lets you play around with more metrics that can impact your rewards.The example above shows the staking scenarios for ATOM. Use the sliders to see how changes in the Staking Ratio, Average Block Time, Community Tax and Block Rewards all impact the staking rewards you can earn over time.View the ATOM Calculator&nbsp;<h2>🗣️ Your Opinion Matters, Anon</h2>If you made it this far, please help others discover staking! We'd really appreciate your thoughts on our website.Take our short survey (takes 1 min), your feedback means a lot.<a target="_blank" rel="noopener noreferrer" href="https://stakingrewards.typeform.com/to/SkCeBLPf?utm_source=brevo&amp;utm_campaign=Staking+Insider+-+24&amp;utm_medium=email">Take the survey</a>

Staking Insider #24: ✊ Make Ethereum Diverse Again