So staking may simply have become an expectation, something that cryptocurrencies are supposed to do. To me, this seems like a positive trend. It offers cryptocurrencies a touchpoint with dividend-paying stocks, and helps reduce the immateriality of crypto. For many, crypto is entirely untethered from reality – prices fluctuate randomly, and most people never encounter blockchains while going about their lives. In fact, one of the most popular complaints of crypto is the supposed lack of intrinsic value to any of these assets.
What Is Liquid Staking on Ethereum and Why Has It Rebounded in a Bear Market?
