Hi, thanks so much for your writings. You should have a nice “crypto educator” badge on your profile.
In this article, you recommended swapping ETH for stETH instead of staking my own ETH. Do you think the first option (swapping) is less risky than the second option (staking)?
Let me try to understand: if I stake ETH, I have the risk of the contract. But if I swap it for stETH, wouldn’t the stETH also carry this risk?
It’s basically the same risk. The only factor for me, is I actually think it’s better to decentralize ETH staking a bit more. So I’m not sure I’d want to put my ETH directly into Lido. I’d rather swap. But this is just a political thing and a small drop in the bucket.
Hi, thanks so much for your writings. You should have a nice “crypto educator” badge on your profile.
In this article, you recommended swapping ETH for stETH instead of staking my own ETH. Do you think the first option (swapping) is less risky than the second option (staking)?
Let me try to understand: if I stake ETH, I have the risk of the contract. But if I swap it for stETH, wouldn’t the stETH also carry this risk?
Hey! Thanks for the kind words.
It’s basically the same risk. The only factor for me, is I actually think it’s better to decentralize ETH staking a bit more. So I’m not sure I’d want to put my ETH directly into Lido. I’d rather swap. But this is just a political thing and a small drop in the bucket.