Crypto investors looking to earn yields on their $ETH holdings have to wait nearly a month before the tokens are set up as network validators on Ethereum. By shauryamalwa.
Crypto investors looking to earn yields on their ether holdings have to wait nearly a month before they can be set up as network validators on Ethereum.
Validators are entities in a proof-of-stake blockchain, such as Ethereum, that process transactions and help maintain the overall security of such networks. As of May, nearly 50,000 validators are waiting in a “queue” to be able to enter the network,The data indicates the demand for validators to enter the network and earn the nearly 5% annual yield.
“Immediately following the Shapella upgrade, a significant amount of demand pressure was exerted by stakers who had been locked up for 18+ months and may have wanted to exit their staked ETH position,” explained Matt Leisinger, co-founder at staking protocol Alluvial.
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