0xResearch cover image

0xResearch

Are There Too Many Liquid Staking Tokens? | Analyst Round Table

Jul 17, 2024
Blockworks Research analysts discuss Trump’s impact on crypto markets, single vs bundled ETFs, Maker's role in DeFi, and challenges of LSTs. They explore Hyperliquid ecosystem, Maker's business fundamentals, and the future of lending protocols. The podcast also covers trust assumptions in Layer 2 solutions, interoperability protocols, and partnership with Layer Zero for multi-chain expansion. They delve into Hyperliquid's trading activity, liquid staking token dynamics, and potential applications in the market.
52:35

Podcast summary created with Snipd AI

Quick takeaways

  • Creating multiple liquid staking tokens can hinder market scalability by increasing slippage and trading spread.
  • Current political events impact crypto markets, with Republicans potentially fostering institutional confidence and bullish crypto policy regimes.

Deep dives

The Importance of Maintaining Liquidity in Staking Tokens

Creating numerous liquid staking tokens for the same asset can lead to increased slippage and trading spread, hindering market scalability. The primary role of a liquid staking token should be to maintain liquidity, ideally resembling the underlying asset's liquidity.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode