Allow the Optimism Foundation to Stake a Portion of Sequencer ETH Through Season 8

[GFXlabs]

@system

• Annual Yield: Staking with BitGo is expected to generate net annual returns of 4-5%.
• Fee Structure: BitGo charges a competitive staking fee of approximately 10-15% of staking rewards, which is deducted before rewards are distributed.
• Estimated Yield: Assuming an average yield of 4.5% and average staking fees of 12.5% of yield, we would estimate returns in the region of ~$213k in the first year, on this initial 20% allocation.

Question about this: This seems above market (which is great). Does it come with additional risks? Lido appears to be paying net 3.3% right now, so this is a significant increase in yield and just wondering if this is a promotional rate or something else?

@system

• • • Kraken
    • Coinbase

Why are there no DeFi options on here? We strongly recommend a public RFP process to avoid a perception of conflicts of interest.