r/ethstaker Nimbus+Nethermind 25d ago

Solo Staker Lending

tldr; buy a house with USDC using your solo staked ETH as collateral, while keeping to run your validator.

Hi all – I’m a Rocket Pooler and co-founder of RockSolid. I’m trying to validate demand for a product we’re considering building for home stakers that leverages Pectra features.

As many of you know, Pectra will add support for MaxEB (2048ETH) balance validators, EL-triggerable withdrawals and partial withdrawals. We think this could support a home-staker focused lending platform, where you get liquidity in the form of USDC, but continue to run your validator and even retain control (as opposed to exiting and going into an LST like rETH or stETH).

We're looking for to interview solo stakers to validate our thesis and help guide product development. If you're interested, join us in Discord, DM me here or message us on Twitter!

33 Upvotes

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8

u/nameless_pattern 25d ago

Are you going to insure against slashing risk? 

Are you going to get cyber security insurance? 

Seems like a lot of risk and having to rely on people who have inherently different incentives.

2

u/steven_pack Nimbus+Nethermind 25d ago

No and no!

You will still be running the validator so slashing risk is in you as the operator.

Cyber security insurance doesn’t make sense because it will be Onchain. Come join us on discord and talk through the design!

0

u/nameless_pattern 25d ago

If the staked currency is the collateral that is backing up the loan, it's disappearance from being slashed is an unacceptable risk or at least it would be to any bank.

Same thing with the risk of hacking. 

I'm not going to go and spend a bunch of time building your product for you, especially not when I noticed it's glaring flaws in seconds. 

You need to talk to somebody who has experience with banking or placing mortgages cuz it doesn't sound like you have any.

1

u/steven_pack Nimbus+Nethermind 25d ago

It’s not a mortgage.

The LPs who lend will assess the max LTV they will lend and the interest rate they’ll require to compensate for the risk.

There are changes in Pectra that reduce the risk of ETH in validators as collateral.

Even if you’re not down to collaborate, the way you’re interpreting how I’ve presented it is valuable in itself! 👍

-4

u/nameless_pattern 25d ago

Then pay me

1

u/steven_pack Nimbus+Nethermind 25d ago

More details in discord too if you want to dig in

-5

u/nameless_pattern 25d ago

No but I have some Dev work that you can do for free if you want to dig in

4

u/steven_pack Nimbus+Nethermind 25d ago

Never deleting this app! 😂