
Lorien Gabel and Benjamin Thalman (Figment) on Staking and the Ethereum Shanghai Upgrade (EP.413)
On The Brink with Castle Island
Ethereum's Reward Mechanism
There are two ways to think about the withdrawals. If a value decides, I no longer want to be validating on the consensus layer, they will request to exit and after some delay, their stake, as well as accrued consensus layer rewards will be sent to their withdrawal address. There is also another flavor of withdrawals called partial withdrawals. Anything above 32 does not help a validator in any way. So that's why the community decided that, okay, anything above 32, let's just automatically sweep it to the withdrawal address. It takes in the worst case, 4 and 1,500 days to cycle through all of those validators. On average though, that's assuming you're the last
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