Today's episode explores the intersection of liquid staking and the modular money ecosystem. Mike is joined by Stride Labs co-founder Aiden Salzman and John Charbonneau general partner of DBA. The trio dives deep into the architecture of the Stride protocol, including stTIA and the liquid staking module (LSM). The discussion touches on incentive alignment between protocols, demand drivers for liquid staking adoption, using liquid staking tokens as modular money across rollups, managing validator sets, and more. We hope you enjoy!

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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks.

Use the link below to learn more, and use BELL10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there!

https://blockworks.co/event/digital-asset-summit-2024-london/home

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Resources

https://dba.xyz/modular-money-liquid-staking-for-people-in-a-hurry/

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Timestamps:

(0:00) Introduction

(2:59) Architecture of Stride Protocol

(18:58) Liquid Staking Module Overview

(31:08) Reason for 25% Cap

(39:36) Learning from Ethereum Liquid Staking

(47:37) Managing Chain Specific Requirements

(1:01:40) DAS London Ad

(1:02:45) Monopoly Like Market Structure

(1:09:56) Demand Drivers for Liquid Staking

(1:18:49) Modular Money & LSTs

(1:32:41) Rollup Market Dynamics

(1:46:23) Restaking Usecases

(1:52:16) Why Celestia LSTs are Different

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Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.