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:

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.

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