Ethereum update: Trading Staked Tokens (Future)
Please let me know if there are any problems with this thinking:
This is basically a way for people to stake their ETH and transact with a derivative (SETH).
1. Join some staking pool that issues some erc20 token (SETH) for every ETH you stake.
2. Create a plasma chain that bonds and settles with these erc20 tokens.
3. Trade your staked ETH (SETH) on the plasma chain.
4. Settle back to main chain
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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