LSDfi as a New DeFi Primitive
summary
Liquid staking removes validator hardware, software and 32 ETH capital barriers so anyone can stake and still use tokens in DeFi; on-chain ETH staking yields ~4% and stacking LSTs into DeFi can push returns into double digits. CDP-style stablecoins run >200% collateralization, while a delta-neutral design hedges ETH with a 1x short perpetual to mint $1 per $1 staked. DVT/SSV/Obol pilots cut solo entry dramatically—DVT reduces entry to ~1.5 ETH—and improve uptime but add smart‑contract and liquidity‑concentration risks. A coming product is an LRt liquid restake token that keeps liquidity while restaking (testnet live).
AI-written summary · about
chapters (15)
- 0:00LSDfi as DeFi primitive
- 1:07What is LSD and benefits
- 3:12LSDs back stablecoins like Athena
- 4:37Defining LSDfi and ecosystem
- 6:47LSDfi adoption and innovation
- 8:12LSDfi and Ethereum staking
- 9:36Risks of LSD protocols
- 12:06Non-custodial staking keys
- 13:33DVT with SSV and Obel
- 17:50Athena’s delta-neutral design
- 21:23Internet Bond: Staked ETH as dollar asset
- 22:49Liquid restaking innovation
- 24:59LSD protocols go-to-market
- 26:46LSD and DeFi regulations
- 29:37LSDfi future outlook
related talks
31mThe Restaking War
17mQuicksilver: Liquid Staking in Cosmos
23mSuperfluid Staking
45mMEVconomic Panel: MEVconomic Security in Liquid and Restaking Protocols
06mSolayer
17mStaking, Lending, and MEV One Model to Rule Them All
14mTokenized Sentiment: Staking as a New Form of Expression
17mRestaking and MEV Mycelial Partnerships in the Dark Forest