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Home Ethereum

Lido Finance: We want Professionals to Operate Ethereum Nodes

by Favour Ajibade
Oct 14, 2022 - 12:00 am
in Ethereum
Lido Finance: We want Professionals to Operate Ethereum Nodes

The Lido Finance, in a session titled “Promoting Small and Independent Stakers: Q&A with the Ethereum Staking Protocols,” stated they want more professional validators to operate Ethereum nodes as they believe most homestakers are doing it for fun, according to the video released by the Ethereum Foundation on Thursday, October 13 via their official youtube channel.

In response to the question asked on whether Lido sees a future where its pool includes professional and at-home validators (nonprofessional validators) working together to verify transactions and achieve a common goal.

Would love to hear more about from Statewide and Lido like do you see a future where your pools include professional validators and at-home validators working together to achieve a common goal.

Lido replied that they would like to have that in the future. However, they expressed their stand that most nodes should be managed by professional operators and not home stakers. They emphasized that most homestakers are not rational about it, saying that most are doing it for fun, as a hobby, and do not make a business out of it.

“Most celebrators are not rational like they’re not making a business out of it they just do it for fun… which is great right but if they want to do it for like for their job they should have the ability to like earn their reputation.”

Based on that, Lido stated that they are designing a system called B3 that will allow both professional validators and homestakers to operate as solo operators, as they are keen on satisfying anyone that is interested in running a node on B3.

The system will provide anyone or groups of node operators with their own mini-staking pool that will allow its users to mint and liquid-stake their tokens, among other things. According to them:

“It offers liquids taking to everybody no matter whether you’re a solo sticker or commercial node operator, so by proxy, we’re going to end up with basically an Open Marketplace of operators and groups of operators who are running various Technologies.”

Tags: ETHEthereumLido
Favour Ajibade

Favour Ajibade

Favour Ajibade is a content writer and crypto lover from Nigeria who is passionate about introducing Web3 and cryptocurrency-based technologies to the world through writing. He was first introduced to crypto in 2020 and was immediately intrigued. He is a student biomedical researcher and enjoys spending his free time reading and learning new things.

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