Sep 26, 2023

As part of CoinDesk's Staking Week, presented by Foundry, Polygon Labs VP of Governance and Community Hudson Jameson discusses the benefits of staking at home, including not having to pay the fees to those allowing users to deposit ETH to stake, lessons learned, and why it "protects the network."

Video transcript

The benefits of staking at home. Uh, there's actually multiple, number one, you don't have to pay the fees that you would normally pay to. People like coin, uh, coin base or other institutional. Uh, you know, people who allow you to deposit your e to stake. So you get more ether. Um, I think it's really fun. It really teaches you a lot of about, uh, the Blockchain and about the economics and the decentralization aspects that are supporting Ethereum. And then lastly, uh, it's something that protects the network because what we're trying to do here is have as many staker decentralized as possible. So, if everyone were to go to one provider, then that would actually hurt decentralization.

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