There's an interesting dynamic playing out in the staking market. Why settle for stablecoin holdings when you can put ETH to work and pull in 3–5% yields? This isn't just idle speculation—Vitalik has pointed out that staking returns represent one of the most significant headwinds for stablecoin liquidity. When investors can earn meaningful yields by staking Ethereum, the opportunity cost of holding stablecoins for yield becomes harder to justify. It's a fundamental shift in how capital flows through DeFi, with quality assets pulling liquidity away from traditional stablecoin strategies.