“As protocol revenue for LSD protocols directly correlates with ETH prices, liquid staking protocols can be seen as a levered bet on ETH as they gain a stronger market share over staked ETH,” the authors write, arguing that the liquid staking market share will take a sizable amount from solo and CEX staking.
Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form
Similar to EigenLayer, Symbiotic will offer a way for decentralized applications, called actively validated services, or "AVSs," to collectively secure...