Liquid Restaking is Coming Sooner Than You Think

Nov 22, 2023

This podcast episode explores the emerging world of liquid restaking and its implications for crypto native treasuries. The speakers discuss the inner workings of depositing staked ETH into protocols like Eigenlayer, competitive dynamics between these protocols, and the potential for ETH to become a crypto native treasury. They also touch on the DAS London conference and strategic considerations for launching a liquid restaking token provider.

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Introduction

00:00 • 2min

Analyzing Liquid Restaking Protocols

01:42 • 25min

Competitive Dynamics and Potential Tensions in Liquid Restaking Protocols

26:54 • 6min

Liquid Restaking: Actors and Potential Applications

32:51 • 11min

Dass London Conference, Black Friday Deal, and Strategic Considerations for Launching a Liquid Restaking Token Provider

43:44 • 5min

Dynamics of Liquid Staking and Impact on Yield

48:50 • 6min

The History and Strategy of LIDO

54:23 • 26min

In today's episode, Mike and Myles dive deep into the emerging world of liquid restaking. They take a deep look into the inner workings of depositing staked ETH into protocols like Eigenlayer to earn additional yield. They discuss competitive dynamics between these protocols, whether this is positive or dangerous for Ethereum, and implications for ETH becoming "crypto native treasuries" that export security and create collateral for DeFi. We hope you enjoy!

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Timestamps

(0:00) Introduction

(5:11) Balance Sheets of Liquid Staking Protocols

(10:14) Eigen Layer Operating Model

(26:53) DAS London Ad

(28:02) Competitive Landscape of Liquid Staking

(36:53) End Game of Eth Security

(43:44) Blackrock Promo

(44:42) Institutional vs Retail Services

(52:05) Go to Market for Liquid Restaking Protocols

(57:40) Is Liquid Restaking ETH Dangerous?

(1:09:13) Check the Code is a Meme (For Now)

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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.tt and our guests may hold positions in the companies, funds, or projects discussed.