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The Business Model of LSTs: Banks, Bribes, and LSTaaS | Adrian & Vance

Bell Curve

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KYC and Institutional Security for LIDO

The profit margin on current LIDO validators is something like 40%. Like it's one of the best opportunities in crypto. I think ultimately you should strive to have more of a decentralized layer of validation and I think LIDO provides that service. And so, you know, you can call it 5% yield per year on Ethereum. So there's that $5 million to give the validators. That's not a lot of money. You know, if you're supporting a million ETH. DBT are just going to be a force for these people to kind of like, sure, you can still have the rocket pool brand or like,you know, the swell brand or whatever

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