The Signal Episode 14: LST Innovation with Sanctum’s FP Lee
In this episode, FP Lee from Sanctum joins us to discuss the potential of liquid staking in the Solana ecosystem. He explains the concept of liquid staking, the technical differences between Solana and Ethereum, and why liquid staking offers unique advantages.
The conversation covers the challenges and opportunities of building in the liquid staking space, including new use cases for liquid staking tokens (LSTs) beyond DeFi, such as crowdfunding and supporting creators. The episode also explores the different strategies and innovations of various Solana projects like Marinate and Jito, and how Sanctum aims to democratize LST creation.
Additionally, FP Lee shares his learnings from their token generation event (TGE), stressing transparency and fair pricing for retail investors. He concludes with a vision for the future where everyone holds their net worth onchain, supported by real-world use cases and a strong LST ecosystem.
Timestamps:
00:00 Introduction to Liquid Staking
01:14 Welcome and Guest Introduction
02:23 Understanding Liquid Staking on Solana
05:10 Comparing Liquid Staking on Ethereum and Solana
08:53 Challenges and Incentives for Liquid Staking
16:10 Innovative Use Cases for Liquid Staking
18:27 Sanctum's Unique Approach
27:01 Future of Liquid Staking and Governance Tokens
29:14 Deep Dive into Sanctum's Product
29:45 Introduction to Liquid Staking and Jupyter UX
30:16 The Concept of a Unified Liquidity Pool
31:09 The Reserve Pool and Its Advantages
31:42 Jupyter Router and Efficient Swaps
33:00 Infinity Pool: Solving Liquidity Issues
34:42 Risks and Unknowns in Liquidity Pools
37:22 Sanctum's Business Model and Growth Potential
41:59 The Token Generation Event (TGE) Strategy
49:14 Future Vision and Real-World Use Cases
55:32 Closing Thoughts and Community Engagement
We hope you enjoy the episode!
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