Bell Curve

The Business Model of LSTs: Banks, Bribes, and LSTaaS | Adrian & Vance

Aug 1, 2023
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Episode notes
1
Introduction
00:00 • 2min
2
How to Zoom Out of the Weeds
01:41 • 3min
3
Ethereum and Liquid Staking
04:11 • 2min
4
The Importance of a Bank Structure in Cryptocurrency
06:01 • 3min
5
The Future of Liquid Staking on Ethereum
09:10 • 3min
6
The Differences Between the Federal Reserve and Stieth
11:46 • 3min
7
The Role of Steth in the Market
14:24 • 3min
8
The Importance of Asset Liability Management in Maker Now
17:37 • 3min
9
The Importance of a Clear Hierarchy in Governance
20:13 • 3min
10
The Differences Between Eigen Layers and Maker
23:00 • 2min
11
The Future of Lido
25:06 • 3min
12
The Importance of KYC in Institutions
28:04 • 4min
13
The Role of the Staking Router in Decentralized Protocols
32:32 • 2min
14
The Importance of Delegation in LIDO Governance
34:35 • 2min
15
KYC and Institutional Security for LIDO
36:27 • 4min
16
The Future of Liquid Staking
40:18 • 3min
17
The Importance of Targeting Fees Around Validator Profitability
42:57 • 2min
18
The Future of Ethereum Staking Routers
44:36 • 4min
19
The Future of Tokens
48:52 • 3min
20
The Future of Lido
51:30 • 2min
21
The Lido Dow: A Qualitative Perspective
53:16 • 2min
22
The Future of Fee Markets
55:10 • 2min
23
The Threat of Bribing People for Governance
57:09 • 3min
24
Deferring Returning Cashflow to Token Holders
01:00:25 • 2min
25
The Future of Ethereum
01:02:01 • 2min
26
The Importance of Incentivizing Tokens
01:03:54 • 2min
27
The Convergence of Maker and Lydo
01:06:20 • 2min
28
Ethereum and the Dow: A Decentralized Set of Values
01:08:48 • 2min
29
The Future of Node Operator Distribution
01:10:27 • 2min
30
Will Lido Staking Protocols Allow Some Kind of Service?
01:12:39 • 3min
31
The Future of Proof of Stake
01:15:31 • 5min
32
How to Maximize Profit With LIDO Tokens
01:20:02 • 4min