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

Bell Curve

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Will Lido Staking Protocols Allow Some Kind of Service?

The big issue with this is one, I think Adrian Adrian did a good job of pointing out that it doesn't really fundamentally make sense. The ability to do this would break fungibility with steth and that at the same time you open up a market and you put competitors like alluvial under an enormous amount of strain almost overnight. And so, yeah, that will be another sort of question I think maybe as LIDO hits the next sort of ceiling of a market share that they can grow. If they're able to innovate something that breaks that trade off then this could be a more interesting conversation.

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