I think there needs to be some thought put into ways to decrease the cost of actually staking NXM.
I was attempting to stake only 397 NXM, split across numerous protocols to try to diversify risk. I had everything selected, and when I had to sign the transaction through Metamask, the transaction fee was ~ 0.88ETH (~$1,800 at time of writing).
Needless to say, this immediately turned me off to staking anything, as a roughly 3-5% transaction cost to merely stake would effectively, up-front, wipe away any returns I could expect for the foreseeable future. I also expect that I would have a similar fee when unstaking, though I haven’t done research to know for sure. I imagine I’m not the first, and will not be the last person to be turned off by the fees charged thanks to needing to sign everything on the Ethereum chain.
I’m not sure of the technical feasibility, but I think some serious consideration should be given to using a side-chain / second-layer protocol with de-minimis transaction fees to reduce friction and perhaps spur increasing staking.