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LIDO aims to keep staked ETH as a liquid stake token and not transition to LRTs to cater to institutional demand. The focus is on offering choices to stakers while exploring options like pre-conformations to align with Ethereum's goals. By partnering and leading in pre-conformations, LIDO plans to continue evolving in L2 ecosystems and offer trustless stake deployments for seamless transitions between layers.
Complex restaking scenarios could lead to increased centralization as only professional operators can manage diverse operations efficiently. The complexity of operations directly affects the level of centralization in staking networks, emphasizing the importance of simplicity to avoid centralized control. Implementing solutions that reduce operational complexities will help maintain a decentralized staking environment and prevent excessive centralization.
Restaking's influence on Ethereum's yield and validators may vary based on the complexity of operations and potential subsidies. While some foresee substantial yield increases with restaking, others highlight challenges in creating high-value activities for validators. Sustainability in subsidy-driven models and balancing operational demands will significantly shape the future landscape of Ethereum's staking ecosystem.
LIDO's approach involves leveraging stake data in various Layer 2 protocols, ensuring trustless stake deployments and secure bridge arrangements for seamless on-chain transitions. By empowering layer sequencing services and utilizing stake data for rich project integrations, LIDO aims to play a pivotal role in enhancing the interoperability and efficiency of Layer 2 ecosystems.
LIDO's strategy centers on exploring pre-conformations to unlock value for Layer 2 platforms and enhance their usability and efficiency. By enabling trustless deployments and engaging in strategic partnerships, LIDO can contribute to the growth and adoption of Layer 2 solutions while maintaining a strong focus on Ethereum's overarching goals.
Complex restaking operations could potentially lead to increased centralization as only professional operators may effectively manage diverse operational requirements. Simplifying stake operations and promoting decentralization by reducing complexity are key strategies to mitigate centralization risks within the staking ecosystem.
LIDO's strategy involves adapting to and thriving within the Layer 2 landscape by offering trustless stake deployments for seamless integration across multiple Layer 2 protocols. Ensuring secure and reliable bridge deployments further enhances interoperability and user experience across different blockchain layers.
LIDO emphasizes versatility by keeping staked ETH as a liquid token and exploring innovative options like pre-conformations for use in the Layer 2 ecosystem. This approach allows stakeholders to choose optimal risk-reward structures while enabling seamless transitions between layers for enhanced utility and integration.
Finding a balance between stake complexity and operational decentralization is crucial to prevent excessive centralization in the staking ecosystem. Implementing simplified stake operations and promoting diversity in validator services can help maintain a decentralized network structure while optimizing stake management for various operational scenarios.
Through strategic collaborations and a focus on enhancing interoperability in Layer 2 ecosystems, LIDO aims to facilitate trustless stake deployments and bridge integrations for streamlined user experiences. Leveraging stake data for pre-conformations and value-driven partnerships enhances network efficiency and engagement across diverse blockchain layers.
In this week's interview Hasu from Flashbots and Vasiliy from Lido DAO discuss the current state of Ethereum's issuance and staking dynamics post-merge. They explore the potential impact of institutional demand, solo staking, and restaking on the validator set and issuance policy. The conversation also touches on the evolving role of liquid staking derivatives like stETH and how Lido plans to adapt its strategy as more activity moves to Layer 2 rollups. Thanks for tuning in!
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Wormhole is a decentralized interoperability platform powering multi-chain applications and bridges. It provides developers with access to liquidity and users on over 30 leading blockchain networks, enabling use cases in DeFi, data queries, and governance. The platform is trusted by teams like Uniswap and Circle and, to date, the platform has facilitated the transfer of over 35 billion dollars through over 850 million cross-chain messages.
Claim your unique Wormhole NFT at
https://forms.clickup.com/45049775/f/1aytxf-16531/KJK3BCP3FQKVJLUAAX
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Pear is an innovative pair-trading exchange built on top of SYMMIO. Users can trade trending narratives with one click, from bluechip narratives such as long BTC, short ETH, right through to WIF vs BONK. SYMMIO’s intent-centric architecture enables deep liquidity, sourced off-chain and brought on-chain, and combined with Pear, have democratized access to complex trading strategies typically reserved for institutional traders.
Start trading today at: https://www.pear.garden/
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Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards.
Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana.
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Timestamps:
(0:00) Introduction
(2:32) State of Eth Issuance
(17:54) Wormhole Ad
(18:33) Pear Ad
(18:58) Marinade Ad
(19:37) Avalanche Ad
(20:19) Institutional Lido Demand
(27:02) Changing ETH Issuance Curve
(42:17) ETH Native Liquidity
(47:24) Impact of ETH Restaking
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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place
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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. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.
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