Exploring Liquid Staking Tokens and Potential Applications

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The chapter delves into the dynamics and potential of various liquid staking tokens like GMX, DYDX, and Vertex, discussing how mercenary capital impacts their sustainability. They highlight the success of Hyperliquid and Barre chain on Cosmos, as well as discuss the concept of having multiple liquid staking tokens for the same asset and its implications on market scalability. The conversation also touches on potential consumer applications, the importance of user experience, and skepticism around institutional adoption of staking derivatives.

In this episode, Blockworks Research analysts discuss Trump’s potential impact on the crypto markets, single asset vs bundled spot ETFs, and recent developments in the Hyperliquid ecosystem. Additionally, they explore the role of Maker in the DeFi space and its business fundamentals. Finally, they dive into the significance of LSTs in the market today, and the challenges they will face in the future.

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As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Resources:

Inside Hyperliquid’s Onchain Perp DEX Vision | Jeff Yan
YouTube: http://youtu.be/cxyUtPoC1-E
Apple: http://apple.co/4b0ut8M
Spotify: http://spoti.fi/4b0uyt6

Special thanks to our sponsor LayerZero

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Timestamps:

(0:00) Introduction

(1:50) Trump's Impact on the Crypto Markets

(3:44) Are More Crypto ETFs Coming?

(10:03) MakerDAO and DeFi 1.0

(23:02) LayerZero: Ethena Ad

(25:15) Developments in the Hyperliquid Ecosystem

(38:53) Sanctum Launches Profiles v2

(42:51) How Many LSTs Are Needed?

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Dan, and our guests may hold positions in the companies, funds, or projects discussed.