A VP of Yuga Labs discontinues solo staking, citing Ethereum's incentive problem
𝕏/@0xQuit •
Revision history
5 recorded changes
Want your article here?
Promote with Leviathan NewsYuga Labs vice president Quit said he was discontinuing solo staking on Ethereum, arguing that the network’s incentive structure is misaligned for individual stakers. The comment followed a broader critique of Ethereum’s market and network conditions, including weak price action, declining activity, and a lack of compelling reasons for some participants to keep capital locked up in staking. Quit has also recently been publicly bearish on ETH’s near-term price path, warning that a deeper bear market could still drive large additional downside.
AI-generated background, compiled from web sources — not editorial content.
More coverage
- Yuga Labs VP : ETH price could drop to $200 in bear market (crypto.news)
- NFT Startup Yuga Labs Is Laying Off U.S. Employees Amid Its ... (news.artnet.com)
- Yuga Labs' intensifying IP takedowns spur CryptoPunk backlash (blockworks.com)
- Yuga Labs Executes White-Hat Rescue of 68 NFTs After Flooring ... (thedefiant.io)
- Withdrawal of Staked Ether and Related Rewards Expected in Early ... (wisdomtree.com)
Explore the topic
More on Ethereum
Developer Steve announced departure from Abstract Chain, the Ethereum Layer-2 from Igloo Inc. creators of Pudgy Penguins.
𝕏/@coffeedev ·
Verus Ethereum bridge drained of $7.5 million in exploit via import function
𝕏/@blockaid_ ·
Rabby wallet removes swap fees for select token pairs, including stablecoins and Ethereum ecosystem tokens
𝕏/@Rabby_io ·
Kraken launches USD-settled Bitcoin and Ethereum options, betting simplified derivatives will accelerate crypto adoption by removing complexity for retail and institutional traders
Coindesk ·
Attacker drains $1.34M USDC from Cascade CLS vault, bridges funds from Arbitrum to Ethereum via Solana
𝕏/@PeckShieldAlert ·
Llamalend v2 launches on Ethereum as isolated, LLAMMA-based lending markets built directly around Curve liquidity, enabling flexible asset pairings, productive Curve LP collateral, and governance-controlled borrow caps that open markets gradually for safer growth.
news.curve.finance ·
Developer Steve announced departure from Abstract Chain, the Ethereum Layer-2 from Igloo Inc. creators of Pudgy Penguins.
𝕏/@coffeedev ·
Verus Ethereum bridge drained of $7.5 million in exploit via import function
𝕏/@blockaid_ ·
Rabby wallet removes swap fees for select token pairs, including stablecoins and Ethereum ecosystem tokens
𝕏/@Rabby_io ·
Kraken launches USD-settled Bitcoin and Ethereum options, betting simplified derivatives will accelerate crypto adoption by removing complexity for retail and institutional traders
Coindesk ·
Attacker drains $1.34M USDC from Cascade CLS vault, bridges funds from Arbitrum to Ethereum via Solana
𝕏/@PeckShieldAlert ·
Llamalend v2 launches on Ethereum as isolated, LLAMMA-based lending markets built directly around Curve liquidity, enabling flexible asset pairings, productive Curve LP collateral, and governance-controlled borrow caps that open markets gradually for safer growth.
news.curve.finance ·