April 01 2022
Liquidable Eth Staking with Lido
Vasiliy Shapovalov, the cofounder of Lido.fi, breaks down the mechanics of staking for digital assets, including Ethereum 2.0, while still allowing for liquidity with a token representing your portion of the stake.
LINKS
- Liquidity for Staked Assets | Lido
- Lido | Twitter
- Lido | Discord
- Lido | Telegram
- Vasiliy Shapovalov | Twitter
- BlockFi Will Pay $100M, Halt High-Yield Offering | CoinDesk
- What is Ethereum 2.0? Ethereum’s Consensus Layer and Merge Explained | Decrypt
- Staking ETH in Ledger Live with Lido | Ledger Support
- Crypto Staking 101: What Is Staking? | CoinDesk
- How to Stake ETH, LUNA, and SOL on Lido | Finder
- How Lido Raises the Stakes for Crypto and DeFi Investors | TechCrunch
- FTX – Building Crytpo Exchanges FTX and Serum with Sam Bankman-Fried | Modern Finance 14
- The Origins and Future of Aave, the Decentralized Finance Protocol to Lend and Borrow Crypto | Modern Finance
- Anchor Launch Puts UST in the Stablecoin Race Against DAI | CoinDesk
- A Guide to Collateralising bETH in Anchor Protocol | Lido Finance
- Universal Blockchain | Nexus
- What Are the Risks of Staking with Lido? | Lido
- Making DeFi Yet More Efficient and Secure | MixBytes
- Staking ETH Using Metamask | Lido
- The Easiest Way to Stake Solana | Marinade
- The Future Yield Tokenization Protocol | Alchemix
- Driving the Future of Money | Tether
- Powering the Innovation of Money | Terra
NOTES
- What is Lido and what problems is it solving? [01:02]
- Lido co-founder Vasiliy Shapovalov explains how staking works and what makes Lido an attractive option for staking participants. [04:21]
- The most glaring disadvantage of staking and how Lido’s approach overcomes this. [12:19]
- How resourceful staking participants might “double dip” to increase their overall yield with Lido’s token. [17:08]
- Collateralizing Lido’s token to generate high-interest yields on the Anchor protocol involves cross-chain wizardry not for the faint of heart, but the rewards can be jaw-droppingly lucrative. (If you’re interested, Lido does have an online guide to help you through the process.) [18:44]
- Staking can admittedly be risky. What security measures does Lido have in place, and how many node operators does Lido have working behind the scenes? [20:28]
- What would be the worst-case scenario if a bug in a contract were exploited? How often are the contracts audited? [24:02]
- What do the personnel numbers look like for Lido’s security support? [26:44]
- Lido currently supports staking for five blockchains. How many more are in the works? [28:07]
- Had bringing Ledger support to Lido grown the community significantly? [28:33]
- In Vasiliy’s opinion, what services — both current and projected — give Lido the edge against its competitors in the liquid staking game? [30:08]
- What are Kevin and Vasiliy’s personal staking strategies? [34:35]
- When does Vasiliy believe Ethereum 2.0 will finally go live? [36:40]
- Tether, Terra as a virtual country, crypto governance, and other parting thoughts. [38:51]
