Coinbase's End Game: Keep it BASEd | Roundup
Bell Curve
00:00
LST Summer
Vance: People like urine are basically saying, all right, we're going to aggregate all the LSTs. We'll make sure that they have price parity with one another. And in return, you're going to give all the tokens you're planning on distributing to people to us. The explosion of the many different types of LSTs is exactly when there was like 100 different types of stablecoins and people were being willing to pay tokens just to get their stablecoin into consideration. But if that doesn't have any value, it's going to be really hard to say that the value is not going to eventually aggregate around whoever is top dog.
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