After seeing a proposal to add the liquid staking module, we thought to ask the community if the abilty to automatically restake and compound rewards is a feature that people want.
REstake has validators set up and manage an additional wallet for restaking rewards and validators must manually manage those wallets. Some compound daily, some weekly, some monthly. It’s extra maintenance and extra security risk.
Yieldmos is a better option for validators because Yieldmos uses authz and manages the wallet, not validators so all active Hub validators are included. It’s a time-saver for validators, but still not ideal. Plus, Yieldmos is discussing a future fee for their service. It’s free for now.
We very much appreciate both of those teams and projects and have nothing other than respect for them, but relying on a 3rd party isn’t in the spirit of Hub resilience. So, we’re wondering what’s required to have it written natively into the staking module, or alongside it, or somewhere in the stack.
We have no idea how to add automatic compounding of staking rewards to the Hub, or how much it may cost to pay developers.
Perhaps both the REstake and Yieldmos teams could quarterback this change so that they aren’t made obsolete or redundant. They are intelligent, forward-thinking people. It takes a village and Cosmos is about collaboration. Maybe they can work with the Keplr, Cosmostation, Trust wallet, and Ledger teams.
Wouldn’t it be cool if you could just check a box while staking that turned on compound rewards?
Shouldn’t it just be a standard in-wallet staking feature, without the need to navigate to a 3rd party website?
Shouldn’t it stay a free feature for delegators?
This post is meant to explore it and get the conversation going. Would especially love to hear from the teams mentioned.