In normal staking derivatives like what and it's also usually called liquid staking. What people are proposing is you go ahead and you know, you get back some sort of derivative asset. And then you go use that asset in DeFi. But the problem is this is breaks the entire security model of proof of stake right? Like we spent all this time designing proof of stake and all this lockups and everything. And so now we're saying, well, let's just go ahead and stake this LP share and have it be treated as the underlying Osmo value. The chain can query this every single block if it wants to like say, what is the conversion between this LP share
This week, Anna and Tarun chat with Sunny Aggarwal and Dev Ojha about their new project Osmosis, an AMM built into the Cosmos ecosystem using the IBC interoperability protocol.
Osmosis brings some interesting innovations to the AMM table, starting from the seamless IBC integration to customizable bonding curves and per-pool governance to promote experimentation. Sunny and Dev are also very passionate about the topic of MEV, diving into the various types of value extraction, how MEV is mitigated on other networks and how it could be largely eliminated on Osmosis through threshold cryptography.
Here are some links for this episode:
ZK Validator now supports OSMO staking delegation, so if you’re interested in supporting the network check out the info here: https://zkvalidator.com/osmosis
Thanks to this week’s sponsor, Least Authority!
Least Authority will soon be releasing a whitepaper on ZKAPs – Zero-Knowledge Access Passes. ZKAPs is an anonymous, token-based authorization protocol that facilitates an online exchange of value while disconnecting the necessary payment data from the day-to-day usage service data of customers.
If you'd like to be notified of the ZKAPs whitepaper and the latest security research projects, sign up for their monthly newsletter at https://leastauthority.com/newsletter/
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