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
ACDE #187:  Vitalik Buterin Presents New EIP to Improve Ethereum UX [not-audio_url] [/not-audio_url]

Duration: 32:37
On Ep.21 of Infinite Jungle, Christine talks about the main takeaways from All Core Developers Execution (ACDE) call #187 and why decision-making about EIP 3074 is an important case study for understanding Ethereum’s dec…
Maximizing the Impact of MaxEB w/Nixo and Yorick [not-audio_url] [/not-audio_url]

Duration: 33:00
On the twentieth episode of Infinite Jungle, Christine chats with Nixo Rokish, Executive Director of EthStaker, and Thorsten Behrens, “Yorick Downe”, Founder and CEO of Cryptomanufaktur, about a new crypto project target…
ACDC #133: What to Expect From the First Pectra Devnet [not-audio_url] [/not-audio_url]

Duration: 25:57
On the nineteenth episode of Infinite Jungle, Christine talks about the timeline for the first Pectra devnet and ongoing research for implementing a confirmation rule for node operators to confirm the canonicity of block…
To EOF or Not? ETH Devs Can’t Decide [not-audio_url] [/not-audio_url]

Duration: 32:30
On the eighteenth episode of Infinite Jungle, Christine chats with Danno Ferrin, an independent Ethereum protocol developer, about an upgrade to the Ethereum Virtual Machine (EVM) called EOF. Guest: Danno Ferrin, Indepen…
ACDE #186: Ethereum Governance Should Be Chaotic [not-audio_url] [/not-audio_url]

Duration: 31:09
On the seventeenth episode of Infinite Jungle, Christine talks about why EIP 3074 may be removed retroactively from the Pectra upgrade and why that might be a good thing. Show note links: https://www.galaxy.com/insights/…
One Small Step For Lido, One Giant Leap For DVT [not-audio_url] [/not-audio_url]

Duration: 35:39
On the sixteenth episode of Infinite Jungle, Christine chats with Lido DAO Contributor Isidoros (Izzy) Passadis, about the launch of the Simple DVT Module on Lido and next steps for Lido’s decentralization roadmap. Show…
ACDC #132: How to Build and Test Ethereum Upgrades [not-audio_url] [/not-audio_url]

Duration: 22:48
On the fifteenth episode of Infinite Jungle, Christine talks about the first draft specifications for the Electra upgrade and what comes next for Ethereum developers now that these specifications are out. Show note links…
Crypto UX Promises & Pitfalls w/ENS’ Nick Johnson [not-audio_url] [/not-audio_url]

Duration: 31:28
On the fourteenth episode of Infinite Jungle, Christine chats with Nick Johnson, Founder and Lead Developer at Ethereum Name Service, about the crypto user experience, its promises, and pitfalls. Guest: Nick Johnson, Fou…
ACDE #185: The Engine of Ethereum Needs A Makeover [not-audio_url] [/not-audio_url]

Duration: 25:16
On the thirteenth episode of Infinite Jungle, Christine talks about what codes changes Ethereum developers have decided to include vs. exclude from Prague. She also highlights the controversy about EOF, a bundle of EIPs…
Is Ethereum Printing Too Much ETH? [not-audio_url] [/not-audio_url]

Duration: 33:27
On the twelfth episode of Infinite Jungle, Christine and Nixo debate whether Ethereum developers should include a change to the issuance schedule of ETH in the upcoming Electra upgrade. Show note links: https://ethereum-…