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Why Aren't Liquid Staking Tokens (LSTs) Popular on Solana? (Marinade)

Sep 29, 2023
01:06:29

In this episode, we chat with Brandon Tucker, head of comms at Marinade Finance, to dive into the world of liquid staking tokens on Solana. In theory, the value prop of LSTs is clear. In practice, only a tiny fraction of staked Solana uses LSTs. Throughout this conversation, we unpack why that is the case and what Marinade is doing to lean into this predominant user behavior on Solana that is much less common on chains like Ethereum.


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Time Stamps




1:43 - The rise of LSTs 


5:59 - Why LST adoption on Sol is so low


12:20 - Should epoch times be longer


15:18 - Marinade governance


20:23 - Marinade business model


16:44 - How to ensure accurate data gathering


25:47 - Centralisation vectors


33:28 - How to get more LST adoption into Sol dapps


39:04 - Competitive landscape from other providers


44:09 - Will Lido exit Sol ecosystem


47:44 - Competiton from centralised players


49:15 - How to bring liquidity back to Sol defi


53:07 - Future of LSTs


58:27 - Marinade roadmap


1:02:20 - What’s the next big thing in crypto




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Podcast Resources




Follow Sal: https://twitter.com/Sal_The_Bull


Follow Dave: https://twitter.com/SolBeachBum


Follow Unlayered: https://twitter.com/UnlayeredPod


Subscribe on Spotify, Apple, or Google: https://unlayered.io/


Clips on YouTube: https://www.youtube.com/@UnlayeredPod




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Episode Resources



Marinade Native Staking Referral Code : https://marinade.finance/app?ref=s7iob5by


Follow Brandon Tucker : https://twitter.com/BrandonTucker


Follow Marinade Finance :  https://twitter.com/MarinadeFinance


Marinade Website : https://Marinade.Finance

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