On The Brink with Castle Island Lorien Gabel (Figment) on the Latest Developments in the Staking Market (EP.579)
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Dec 3, 2024 Lorien Gabel, founder of Figment, discusses the evolving staking market and the impact of recent elections on crypto. The conversation highlights Figment's approach to institutional staking and the revival of consortium chains in fintech. They explore government-issued digital currencies, Ethereum's developments, and the public's limited awareness of cryptocurrency. The episode also touches on shifting alliances between traditional banks and crypto, emphasizing the importance of self-custody and the balance between regulation and innovation.
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Merging of Finance and Crypto
- Traditional financial institutions will merge with crypto, offering crypto services alongside traditional ones.
- Crypto brokerages and neobanks will add crypto rails, including staking, as a core offering.
Build vs. Buy Staking Infrastructure
- Staking infrastructure is complex to build and maintain, especially at scale.
- Some firms might acquire staking providers, while others might attempt to build in-house, despite challenges.
Staking Evolution
- Staking is becoming more common, expanding to new protocols and layers.
- Expect more experimentation in staking, with varying degrees of success.