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
Meet Giulio, CTO of Erigon [not-audio_url] [/not-audio_url]

Duration: 34:56
On Ep. 82 of Infinite Jungle, Christine interviews Giulio Rebuffo, CTO of Erigon. At only 17 years old, Giulio started to contribute to Erigon, one of Ethereum’s open-source execution layer software clients. He was the m…
ACDC #151: Full Steam Ahead for Pectra on Holesky! [not-audio_url] [/not-audio_url]

Duration: 21:45
On Ep.81 of Infinite Jungle, Christine shares her main takeaways from ACDC #151. On ACDC #151, developers agreed to finalize two new EIPs, EIP 7870 and 7872. Though neither of these EIPs require a hard fork to implement,…
ETH vs. SOL vs. TIA w/Jon Charbonneau [not-audio_url] [/not-audio_url]

Duration: 52:48
On Ep. 80 of Infinite Jungle, Christine interviews Jon Charbonneau, Co-Founder and General Partner at crypto investment firm DBA. As an investor in the Ethereum, Solana, Celestia, and Bitcoin ecosystems, Christine asks J…
ACDE #205: Let the Fusaka Scoping Discussions Begin! [not-audio_url] [/not-audio_url]

Duration: 31:27
On Ep.79 of Infinite Jungle, Christine shares her main takeaways from ACDE #205. Ethereum developers are on track to upgrade public Ethereum testnets Holesky and Sepolia on February 24 and March 5, respectively. Christin…
Pectra Retrospective w/Nixo and Yorick [not-audio_url] [/not-audio_url]

Duration: 48:25
On Ep. 78 of Infinite Jungle, Christine welcomes back Ethereum Foundation’s Nixo and Galaxy’s Yorick to the show. They have a mini-debrief session on the Pectra upgrade planning process and debate how useful exercises li…
ACDC #150: The Competitive Advantage of $ETH [not-audio_url] [/not-audio_url]

Duration: 31:17
On Ep.77 of Infinite Jungle, Christine shares her main takeaways from ACDC #150. Concerns were raised from major Ethereum stakeholders representing Layer-2 rollup projects and staking pools about the timeline for Pectra…
The Ethereum Revolution feat. Galaxy CEO Mike Novogratz [not-audio_url] [/not-audio_url]

Duration: 30:59
On Ep. 76 of Infinite Jungle, Christine speaks with CEO of Galaxy, Mike Novogratz, about the underperformance of ETH. ETH has been persistently lagging behind major coins like BTC and SOL for all of 2024 and so far into…
ACDE #204: Ethereum in Wartime Mode [not-audio_url] [/not-audio_url]

Duration: 33:33
On Ep.75 of Infinite Jungle, Christine shares her main takeaways from ACDE #204. She offers her insights on the latest Pectra upgrade timeline and takeaways on the discussion about how to speed up the governance process…
MERRY GRINDMAS! (feat. Santa Nixo) [not-audio_url] [/not-audio_url]

Duration: 42:30
On Ep. 74 of Infinite Jungle, Christine speaks with Nixo, who works on the Protocol Support Team at the Ethereum Foundation, about her highlights from 2024 and hopes for the Ethereum ecosystem in 2025. Nixo also shares u…
ACDE #202: ‘Twas the Night Before Christmas… [not-audio_url] [/not-audio_url]

Duration: 27:11
On Ep. 73 of Infinite Jungle, Christine shares her takeaways on All Core Developers Execution (ACDE) Call #202, where Ethereum developers finalized Pectra Devnet 5 specifications. She also shares three outlooks for Ether…