103. MONEY | Is This the Next BIG Crypto Narrative?
Alfalfa Podcast
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Liquid Staking Derivatives
The number one thing after risk, right? Well, maybe the return. That's like the original intent for most people, but it kind of ends up working out that what they care about most is utility. So I looked at LIDO and the answer is it's a worthless Govcoin, but valueless Govcoin. But the Govcoin, you just swap ask, right? Does it control the treasury? It controls, well, it doesn't control it. The treasury is significant. They have a lot of money, but in none of the cases that we've seen like Uniswap, like you have these governance rights to the treasury. InNone of the cases,
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