In the spirit of What is stopping us from investing the PSM USDC?, I wanted to ask: What is stopping us from staking the ETH that we hold?
Is there significant risk of losing ETH by staking? Would it be too hard to un-stake to return ETH to vault holders if necessary?
Perhaps staking the ETH in existing vaults would be too complicated; maybe a new type (
ETH-S?) could be created. Maybe it could have zero or even negative stability fees.
If somehow possible, it seems like the staking rewards from the amount of ETH we hold would be quite substantial. Going wild with this calculator and the amount of ETH that daistats.com currently shows, the upper limit on potential annual revenue is in the hundreds of millions.
MakerDAO could keep it, or pass some or all of it along to vault owners. If the latter, opening a Maker vault could become the easiest way to stake one’s ETH; while also getting to spend it (as DAI), too.
But, I know almost nothing about the technical aspects. So: what is stopping us from staking the ETH that we hold? Thank you!