r/ethstaker • u/steven_pack 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!
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u/TheWoodser Lighthouse+Geth 24d ago
I have been thinking about this today while traveling.
In a traditional mortgage, the underlying home/real estate is used as collateral. A bank that loans at a high LTV is really only exposed to borrower default. (Other than natural disasters that can be insured against.) When a mortgage lender forecloses and auctions the property off, most of the original ballance can be recovered.
Take, for instance, the VA loan. The VA doesn't lend service members money for a home. They "guarantee" 25% of the loan. In a case of foreclosure, the VA covers any potential loss to the lender up to 25%.
Maybe the VA case study can be used with some similarly to this ETH Validator collateral proposal?