How to Double Your Staking Rewards w/Lido’s Dmitry Gusakov

How to Double Your Staking Rewards w/Lido’s Dmitry Gusakov

Author: Galaxy Research November 6, 2024 Duration: 38:57
On Ep. 64 of Infinite Jungle, Christine chats with Dmitry Gusakov, Technical Lead for the Lido Community Staking Module (CSM), about the mainnet launch of the CSM. Gusakov explains how solo stakers can earn 2.3 times more rewards staking their ETH through the CSM than vanilla staking or staking 32 ETH on Ethereum directly. Gusakov shares the technical details of how the CSM works and why it is an important step towards making Lido permissionless and towards enabling the permissionless onboarding of new Lido node operators. He talks about what learnings were applied to the CSM from the mainnet launch of the Simple DVT Module earlier this year and what the next steps are for the CSM. He anticipates an end to the Early Adoption phase of the CSM as early as Q1 2025. This episode is the first in a two-part interview series with Gusakov. Show note links: https://csm.lido.fi/ https://operatorportal.lido.fi/modules/community-staking-module Timestamps: (00:01:38) Is the CSM truly permissionless? (00:06:15) What happens once the early adoption phase is over? (00:08:46) Why are rewards from the CSM higher than vanilla staking? (00:11:08) Why are validator rewards higher in the CSM than the Lido Curated Module? (00:13:09) Why is the CSM capped at 1% of total ETH staked in Lido? (00:17:36) When will the early adoption phase end? (00:21:31) Are there any reasons solo stakers may not be qualified to join the CSM? (00:26:01) What learnings from the Simple DVT Module have been applied to the CSM? (00:31:47) What is MEV stealing? This episode was recorded on Friday, October 29, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/

Each week, Christine Kim from Galaxy Research guides us through the dense and ever-shifting terrain of the Ethereum ecosystem in Infinite Jungle. Rather than offering simple explanations, this podcast immerses you in the complex processes and community debates that are actively redefining this digital landscape. You’ll hear detailed analysis on the technical upgrades, governance shifts, and emerging economic narratives that collectively determine how Ethereum evolves and what it might become. The conversations go beyond surface-level news to examine the underlying forces-the social dynamics, developer activity, and philosophical clashes-that shape real-world use and perceived value. For anyone engaged in the business of digital assets or curious about the future of decentralized systems, this series provides essential context, translating intricate developments into coherent stories. Tune into the Infinite Jungle podcast for a thoughtful, weekly perspective that helps you navigate the continuous growth and challenging questions within one of the most significant platforms in the space.
Author: Language: English Episodes: 93

Infinite Jungle
Podcast Episodes
Season 2 Finale w/Nethermind’s Łukasz & Marek [not-audio_url] [/not-audio_url]

Duration: 36:46
On Ep. 92 of Infinite Jungle, Christine interviews Łukasz Rozmej and Marek Moraczyński from the Nethermind client team. Nethermind is the 2nd most popular Ethereum execution layer client used by close to 40% of all Ether…
ACDE #208: Something’s Gotta Give [not-audio_url] [/not-audio_url]

Duration: 41:14
On Ep.91 of Infinite Jungle, Christine shares her main takeaways from ACDE #208 where developers set an ambitious date for Pectra activation on Ethereum mainnet. They also reconfirmed the inclusion of EOF in the Fusaka u…
Do Less: The Power of History Expiry on Ethereum [not-audio_url] [/not-audio_url]

Duration: 47:02
On Ep. 90 of Infinite Jungle, Christine interviews Piper Merriam, an Ethereum Foundation researcher leading efforts for history expiry on Ethereum. History expiry enables Ethereum nodes to prune old block and transaction…
ACDC #153: Pectra on Hoodi, The Final Testnet Upgrade [not-audio_url] [/not-audio_url]

Duration: 35:25
On Ep.89 of Infinite Jungle, Christine shares her main takeaways from ACDC #153 where developers reconfirmed next steps for Pectra testing, discussed the strategy for history expiry, and debated the merits of EIP 7688 fo…
Is ETH Gas or Sound Money? w/Camila Russo [not-audio_url] [/not-audio_url]

Duration: 48:03
On Ep. 88 of Infinite Jungle, Christine interviews Camila Russo, the founder of The Defiant and author of The Infinite Machine. Christine speaks with Camila about how she started The Defiant, a news site that specializes…
ACDE #207: Hoodi & Chill [not-audio_url] [/not-audio_url]

Duration: 43:33
On Ep.87 of Infinite Jungle, Christine shares her main takeaways from ACDE #207. Ethereum developers agreed on another new game plan for Pectra that involves the launch of a brand new public testnet called Hoodi. Hoodi w…
Setting the Record Straight on Pectra Testing w/Pari and Marius [not-audio_url] [/not-audio_url]

Duration: 55:56
On Ep. 86 of Infinite Jungle, Christine interviews Ethereum Foundation Developer Operations Engineer Parithosh Jayanthi and Ethereum Foundation Geth Developer Marius van der Wijden about the recent Holesky and Sepolia te…
ACDC #152: The New Pectra Game Plan [not-audio_url] [/not-audio_url]

Duration: 33:22
On Ep.85 of Infinite Jungle, Christine shares her main takeaways from ACDC #152 where Ethereum developers agreed on a new game plan for Pectra in the aftermath of the Holesky and Sepolia testnet upgrades. Developers will…
Ethereum’s Culture Problem w/Hasu [not-audio_url] [/not-audio_url]

Duration: 1:05:21
On Ep. 84 of Infinite Jungle, Christine interviews Hasu, Strategic Advisor to Lido and Strategy Lead at Flashbots. They discuss the importance of the Lido V3 upgrade, the risks it entails, and opportunities for improving…
ACDE #206: Public Testnets are Not for Breaking [not-audio_url] [/not-audio_url]

Duration: 38:20
On Ep.83 of Infinite Jungle, Christine shares her main takeaways from ACDE #206. The call was dedicated to figuring out next steps for the Holesky testnet. The testnet devolved into a state of non-finalization following…