What is Liquid Staking?

Liquid staking is the act of delegating your tokens to a service that stakes for you without losing access to your funds.

Liquid staking allows you to access your funds even when you’re staking them. The funds remain in escrow, but aren’t “locked” and inaccessible, as they would be with PoS staking.

When you stake coins you have to lock them up for a specified amount of time. During which you cannot sell or transfer your coins. If there is a market crash during your lock period, you won’t be able to act in a timely manner. With liquid staking, you can add and remove funds as you pleased (usually with a trade-off of lower APR)

Liquid staking offers the best of both worlds: a passive income and access to your staked funds.

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Stakewise

By depositing ETH into StakeWise, you will participate in Ethereum 2.0's Proof-of-Stake consensus mechanism (staking) and receive ETH rewards in return.

site address:

contract address: 0xC874b064f465bdD6411D45734b56fac750Cda29A

stkr-ankr

The Stkr platform enables ETH 2.0 staking for all parties — including those who don’t have the required amount of ETH. Moreover, Stkr addresses the illiquidity issue with a synthetic asset called aETH.

source:

contract address: 0x84db6eE82b7Cf3b47E8F19270abdE5718B936670

Cream

C.R.E.A.M. Finance is a decentralized lending protocol for individuals and protocols to access financial services. The protocol is permissionless, transparent, and non-custodial.

source:

contract address:

1. 0xcBc1065255cBc3aB41a6868c22d1f1C573AB89fd(exploited)
2. 0x49D72e3973900A195A155a46441F0C08179FdB64

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Rocket pool

Rocket Pool is a first of its kind ETH2 Proof of Stake Protocol, designed to be community owned, decentralised, trustless and compatible with staking in Ethereum 2.0. It was first conceived in late 2016 and has since had over 5 successful public betas over the life span of ETH2 development.

source:

contract address:

1. 0x2cac916b2a963bf162f076c0a8a4a8200bcfbfb4(new)
2. 0x4d05e3d48a938db4b7a9a59a802d5b45011bde58

Lido

Lido is a liquid staking solution for ETH backed by industry-leading staking providers. Lido lets users stake their ETH - without locking assets or maintaining infrastructure - whilst participating in on-chain activities, e.g. lending.

source:

contract address: 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84 \n

Direct staking

Staking is the act of depositing 32 ETH to activate validator software. As a validator you’ll be responsible for storing data, processing transactions, and adding new blocks to the blockchain. This will keep Ethereum secure for everyone and earn you new ETH in the process. This process, known as proof-of-stake, is being introduced by the Beacon Chain.

source:

contract address: 0x00000000219ab540356cBB839Cbe05303d7705Fa

How ETH2 Staking Works

staking on the Beacon Chain (ETH2) is done via validators. A validator is a single ETH2 address, to which 32 ETH was deposited, which is now responsible for helping maintain the consistency and security of the Beacon Chain. They do this by listening for transactions and new block proposals, and attesting that the proposed block contains legal, valid transactions by doing some number crunching and verification behind the scenes. Occasionally, they get to propose new blocks themselves.

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overall part

Observations:

• In general, 18.1 million Ethereum have been staked in these platforms, with a value of 15 billion dollars.
• The highest stake in one month was 2.34 million Ethereum in March 2022, after which it has been a decreasing trend.
• The average stake of Ethereum on all platforms was 31.1 Ethereum.
• The median stake of Ethereum on all platforms was 31.1 Ethereum.
• The lowest Ethereum stake value on all platforms was 10 to the negative power of 18 Ethereum.
• The highest amount of Ethereum stake in all platforms in one transaction was 62,000 Ethereum.
• Five hundred eighty-three thousand unique wallets have been staked.

What is dollar cost averaging?

Dollar cost averaging is the practice of investing a fixed dollar amount on a regular basis, regardless of the share price. It's a good way to develop a disciplined investing habit, be more efficient in how you invest and potentially lower your stress level—as well as your costs.

Let's say you invest $100 every month. When the market is up, your $100 will buy fewer shares, but when the market is down, your money will buy more. Over time, this strategy could lower your average cost per share—compared to what you would have paid if you'd bought all your shares at once when they were more expensive than the average.

Explanation: In this chart, I have considered all the transactions after the first stack of a wallet to understand the stakers' strategy properly.

Observations: As you can see, in the periods when the price of Ethereum has been decreasing, the average staking of users has been increasing. In the increasing times, the average staking of users has been falling. We can understand from this that users are looking to reduce the average dollar value of their staked Ethereum. For example, one of these intervals is from April 3 to July 8, 2022, when the price of Ethereum moved from 3488 to 1234 dollars and decreased sharply. If we examine this interval, we will notice an increase in the average staking of users, which is The sign itself to reduce the dollar average.

How to classify:

WHEN amount<1 then 'Less than 1 Ethereum' WHEN amount>=1 and amount<5 then 'Between 1 and 5 Ethereum' WHEN amount>=5 and amount<15 then 'Between 5 and 15 Ethereum' WHEN amount>=15 and amount<=35 then 'Between 15 and 35 Ethereum' WHEN amount>35 then 'more than 35 Ethereum'

Observations: It seems that all the data between 15 and 35 Ethereum is higher than the other intervals and has more fans, which I guess is because of direct staking because it is done with 32 Ethereum. Between 15 and 35 Ethereum, 13.8 million were staked by 85,246 unique wallet addresses.

platform basis section

observations:

The largest amount of staking was done through the direct staking method, with 13.52 million Ethereum. The closest competitor to this method is the Lido platform, which has a total of 4.17 million Ethereum on staked. I can say that Direct Staking and the Lido platform are the flagship Ethereum stake for Ethereum 2.0.

Observations:

• The highest average Ethereum stake on the cream platform was 57.15 Ethereum.
• The lowest average Ethereum stake on the Stakewise platform was 9.24 Ethereum.
• The most staked Ethereum is for the Direct Stake method, with 13.52 million Ethereum.
• The lowest amount of Ethereum staked is for Plefterm Cream, with 25.2 thousand Ethereum.
• The highest average stake amount of Ethereum for the direct staking method was 32 Ethereum.
• The lowest median Ethereum stake value for the Stakewise platform was 0.25 Ethereum.
• The lowest amount of Ethereum stake on the Lido platform has happened with the value of 10 to the negative power of 18 Ethereum.
• The highest amount of Ethereum stake happened on the Lido platform with the amount of 62 thousand Ethereum.
• The highest number of unique wallets for the Direct Stake method is 429,597.
• The lowest number of unique wallets for the Cream platform is the stake, with an amount of 441 wallets.

Observations:

Let's consider the Ethereum supply as 122,255,565 Ethereum. The percentage of Ethereum staked for Ethereum 2 on the total supply is about 15%, which is not a good number compared to other competing blockchains.

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Observations:

In general, 3.15% of staking wallets have done staking on more than one platform, and 96.8% have done staking on only one platform.

Observations: The highest amount of staked in one month is in March 2022 with the amount of 2.34 million Ethereum, of which 1.33 million Ethereum is related to direct staking and 944 thousand Ethereum is linked to the Lido platform (this month, the competition between the two was very close which is impressive for the lido platform).

In the second place,is April 2022, in which 1.9 million Ethereum has been staked, of which 1.09 million is related to direct staking.

How to classify:

WHEN amount<1 then 'Less than 1 Ethereum'

WHEN amount>=1 and amount<5 then 'Between 1 and 5 Ethereum'

WHEN amount>=5 and amount<15 then 'Between 5 and 15 Ethereum'

WHEN amount>=15 and amount<=35 then 'Between 15 and 35 Ethereum'

WHEN amount>35 then 'more than 35 Ethereum'

observations: The highest amount of Ethereum staked for the period between 15 and 35 Ethereum in the direct staking method is 13.52 Ethereum. In second place, there is more than 35 Ethereum on the Lido platform, with a value of 3.8 million Ethereum.

Methodology:

Because the ratio of receiving tokens of each platform to Ethereum is not 1:1, so I only used the table Ethereum.core.ez_eth_transfers to be able to explore the exact amount of Ethereum imported to each platform for the stake. I used all smart contracts below based on reliable sources.

Conclusion:

The stick trend for Ethereum 2.0 is going well, and in this booming trend, the direct stick method has the largest share in the first category. In the second category, the Lido platform shines well, but the most unsuccessful platform in this trend is cream, which after Smart was hacked. Its old contract made the process of user participation in that platform very weak and weak.