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]
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