Vitalik Buterin Revealed He only Stake a Small Fraction of his $ETH

Ethereum founder Vitalik Buterin revealed he is only staking a small fraction of his $ETH in a recent podcast with Bankless. He explained the reason is because multisiganture wallets being "complicated in a bunch of ways".

"Because if you stake your $ETH, the keys that access it have to be public on a subsystem that is online. For safety, it has to be a Multisig. Multisig for staking is still farily difficult to set up; it gets complicated in a bunch of ways." He said.

Buterin also discussed the EigenLayer protocol, which allows Ethereum validators stakers to "re-stake" their assets onto other emerging networks. Buterin said the main challenge with this is that it creates "centralization risks". Sreeram Kaanan, the founder of EigenLayer, explained there are "complex risks" with restaking, and it is important to take a "constrained approach in building restaking".

Related: Restaking Protocol EigenLayer Goes Live on Ethereum Mainnet