With growing interest in becoming validators on the Ethereum blockchain and longer waiting times to set up, developers are considering raising the current requirements significantly.
The developers are proposing to increase the required number of Ethereum (ETH) required for validators from 32 ETH to 2048 ETH (64 times the current amount). This makes it much more difficult for Lidos, exchanges, etc. that offer staking services to launch multiple validator nodes to serve their users.
The proposal was raised by several Ethereum developers in early June, but is currently still being debated and not actively pursued.
According to the data, the current wait time for users to get validator nodes up and running on the Ethereum blockchain is 44 days, up from about a month in May, for yields of nearly 5% per annum. It shows that more and more users are trying to become validators.
This strong demand appears to come from large holders who do not want to cash out their Ethereum holdings and want to earn yield while holding them.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Original: Ethereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether