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In part one of Staking Your ETH, Pete and I explained Proof of Stake and where the rewards come from when you're staking your ETH - but I also mentioned that most ETH staked is not staked directly. 70% of the ETH staked is done through a liquid staking provider who does the staking for you (in exchange for a fee).
Listen to the full 3 part series on Staking Your ETH:
- #46 Staking Your ETH - Part 1: Base Layer Yield In Proof of Stake
- (this episode)#47 Staking Your ETH - Part 2: Liquid Staking Derivatives (LSDs)
- #48 Staking Your ETH - Part 3: Theories & Opportunities
Read the entire guide to Staking Ethereum: