What percent are you getting on your staked ethereum?
If fluctuates depending on how many people are staking - similar to how the mining difficulty increases or decreases relative to hash rate. When I started staking I was getting over 4%. Now it is apparently around 2.5%.
The thing is the staking yield cannot be too high or else the Ethereum inflation will increase. That is what's happening to Solana. The supply inflates because new Solana is minted to pay stakers.
If there are less stakers the yield percentage can increase without affecting the supply inflation too much
It's a fine balancing act. When the yield drops too low, people might unstake and then the yield goes up again.
Flexacon mentioned EigenLayer restaking. I'll have to look into that. Looks like I will have to move my ETH to different platforms if I want to take advantage of that. But that could potentially be a way to get more yield on staked ETH. I think there are waiting lines for EigenLayer also.
I thought about solo staking, but it seems to be a real pain in the ass to set up and there are long enter and exit periods apparently.
Ethereum’s Queue for New Validators Is 51 Times Longer Than Its Exit Queue
Almost 8,300 validators each with 32 ETH are currently waiting in line to begin staking, while 161 validators are trying to exit, a sign of continued interest in restaking.https://www.theblock.co/post/290303/eigenlayer-tvl-15-billionEigenLayer's TVL crosses $15 billion as restaking protocol expands ecosystemThe total value locked on Ethereum restaking protocol EigenLayer surpassed $15 billion after the project recently lifted its caps.
The platform allows users to stake native ether and liquid staked ether, which is then restaked to secure other protocols.
The TVL jump came after EigenLayer had its anticipated launch on April 9, allowing actively validated services to come online.
The project added several updates following the launch, most recently lowering the minimum stake for the operators on its data availability layer EigenDA, from 320 ETH to 96 ETH.