Unbundling staking: Towards rainbow staking

[alonmuroch]

@barnabe

I think we should move away from a monolithic view of “solo stakers”, even today it is quite a diverse set between those that stake with their own capital and hardware and those that are part of LSPs (where here I mean solo staker == permissionless operator), and then there is also the question of who participates in re-staking etc. So it would be hard to quantify with just one number that we try to maximise. Perhaps a better benchmark is the revenue captured by the set of permissionless operators, as a fraction of the total operator revenue. We might have the “right” number of permissionless operators today, but what’s less clear is their economic sustainability over time. By creating a source of revenue for which we have strong(er) reasons to believe it will sustainably benefit this set of participants, we can target the correct amount more easily.

That’s an interesting goal to define, I too agree just solo staking isn’t the whole story.

If we can find a way to also encourage moving to distributed validators on the heavy category I think it will have an even bigger effect