S&P Global warns of spot Ethereum ETFs’ impact on staking concentration
S&P Global said if Ethereum ETFs rely too heavily on a single entity or software client for staking it can lead to risks of validator outages and attacks.
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The significant withdrawals had little impact on Ethereum's price which rose by around 12% during the period.
The rise in exits has caused the wait time for unstaking to spike to an average of 5.6 days.
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The proposal, which will reduce staking APR from 19% to 13.4%, was put forth after research indicated Cosmos was overpaying for security.
Hoskinson's remarks followed a recent interview, where Buterin discussed the Ethereum roadmap and proposed redesigning Ethereum's staking system via a solution similar to Cardano's.