3min chapter

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Shanghai-Capella: ETH Staking Withdrawals with Tim Beiko, Justin Drake, and Anthony Sassano

Bankless

CHAPTER

The Benefits of Healthy Competition in the Ethereum Ecosystem

Justin Drake: This is a huge opportunity, I think, for competitor to step up and maybe provide healthy competition in the ecosystem. How does that benefit ETH stakers? Does it lower fees? So you mentioned Coinbase with a 25% fee. And this competition will kind of make the value of your principle, your 32 ETH, hopefully, grow because of that competition. The other big improvement is that it makes Ethereum stronger, more robust.

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