Exit queue to unstake Ethereum grows

in ethereum •  2 years ago 

Here is the latest intel:

https://uk.news.yahoo.com/ethereum-unstaking-requests-now-face-182852399.html

According to Niklas Polk, an analyst at Nansen, validators first send a voluntary message to exit, involving a 25-minute wait. Then these validators join the exit queue, which now sits at 11.7 days. Once they move out of this phase, they are faced with a withdrawal delay of about 27 hours. Finally, withdrawals are processed and deposited after another 4.25 days.

In short, this means that if a validator decides to join the exit queue today, it will be 17 days by the time their ETH is returned.

On the other hand, partial withdrawals only take about 4.27 days to process and are automatically deposited into validator addresses if their unstaking credentials are set up. A partial withdrawal means the validator is only withdrawing a portion of their staking rewards while keeping their staked ETH in play as part of the validating process.

Not everyone who unstakes will sell right away. Some are unstaking to keep liquid ETH handy sothey can sell into a pump.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
image.png
please click it!
image.png
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)

The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.

Upvoted! Thank you for supporting witness @jswit.

Heres a free vote on behalf of @se-witness.