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ConsenSys: "the boom of the DeFi industry may affect the popularity of staking in Ethereum 2.0»

ConsenSys: “the boom of the DeFi industry may affect the popularity of staking in Ethereum 2.0»

Analysts at ConsenSys believe that the popularity of staking in Ethereum 2.0 after its launch may suffer due to the boom of the decentralized finance (DeFi) industry.

The researchers emphasized that the decentralized finance industry provides investors with the opportunity to earn much more by locking their assets in DeFi applications than by staking.

“There is a possibility that an insufficient number of coins will participate in the staking in Ethereum 2.0 to ensure decentralization and proper security. At best, ETH holders can lock their assets to compare returns to the DeFi industry, and at worst, they will not risk locking their coins, ” the analysts wrote.

Recall that users need to block at least 32 ETH to participate in staking. At the same time, since the development is still underway, the terms of blocking are not defined.

Recently, the company Quantstamp, specializing in the audit of smart contracts, said that the update of the Ethereum 2.0 network may be rolled out in the near future.