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comment by necroptosis
necroptosis  ·  802 days ago  ·  link  ·    ·  parent  ·  post: Ethereum blockchain slashes energy use with 'Merge' software upgrade

Wait you're using allnodes? I would not have guessed that you are using a third-party staking service.

On another note staking is a lot more accessible nowadays with the prominence of liquid staking derivatives.





kleinbl00  ·  801 days ago  ·  link  ·  

I am. It's non-custodial. I did a fair amount of digging, then I did a fair amount of asking, and Allnodes came out miles ahead.

"Liquid staking derivatives" are financial instruments. You give them money, they pay you back with interest. I think it's all gonna change a bunch as soon as you can withdraw from the contract. I don't think they'll be in as happy a tax place as actual staking - right now, staked ETH cannot be withdrawn and commodities laws are pretty clear that if you can't access it, it can't be taxed.

user-inactivated  ·  801 days ago  ·  link  ·  

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