Do You Need to Think Twice Before Restaking Your Assets? - Ep. 488

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 2 May 2023

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Sreeram Kannan, founder of EigenLayer, and Konstantin Lomashuk, cofounder of Lido Finance, discuss the complex world of staking in Ethereum's post-Shanghai ecosystem. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: how the staking ecosystem in Ethereum looks after the full completion of the Merge what EigenLayer is and why it's called that whether EigenLayer's model is more similar to Polkadot or, actually, to Ethereum Layer 2s what the risks of restaking are, for both projects and users how Lido is working to keep Ethereum decentralized and censorship-resistant what superfluid staking is and whether it could be done on Ethereum how EigenLayer incentivizes alignment between the delegator and the stakers whether there's a risk that Lido could become a governance layer for Ethereum what can be done to increase staking services adoption Thank you to our sponsors! Crypto.com Guests: Sreeram Kannan, founder of EigenLayer Konstantin Lomashuk, cofounder of Lido Finance Previous coverage of Unchained on Ethereum staking: Shapella in the Rearview: After Major Upgrade, What’s Next for Ethereum? How Will ETH React to Ethereum’s Shanghai Upgrade? Post-Merge, If Lido Becomes Dominant, What Does That Mean for Ethereum? In the Recent Crypto Market Meltdown, What Role Did Lido’s stETH Play? Is ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin Drake Learn more: How Liquid Staking Works A Guide to Ethereum’s Shanghai Upgrade How to Stake Ethereum With Liquid Staking Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, everyone. Welcome to Unchained, your no-hi free source for all things crypto. I'm your host,
0:09.0	Laura Shin, author of The Crypto Beans. I started covering crypto seven years ago, and as a
0:14.2	senior editor of Forbes was the first mainstream media reporter to cover cryptocurrency full-time.
0:18.8	This is the May 2nd, 2023 episode of Unchained. If you've been enjoying Unchained, please leave us
0:24.4	a review wherever you listen to the podcast, or share this episode with a friend.
0:29.3	Buy, trade, and spend crypto on the Crypto.com app. New users can enjoy zero credit card fees
0:35.4	on crypto purchases in the first seven days. Download the Crypto.com app and get $25 with the
0:41.6	code Laura. Link in the description. If you've been enjoying Unchained and find the
0:46.5	discussions here, fascinating, mind-blowing, or as crypto tends to be, downright bonkers,
0:51.9	please share this episode with a friend to keep the conversation going.
0:56.2	Today's topic is staking and restaking on Ethereum. Here to discuss our 3-ROM Connid,
1:02.8	founder of Eigenlayer, and Constantine Lomashoek, co-founder of pdp.org and Lido.
1:08.0	Welcome to 3-ROM and Constantine. Hi, Laura. Pleasure to be here. Hi, Laura.
1:13.6	We are coming off a successful completion of Ethereum's transition to proof of stake,
1:19.4	and that was through the successful Shanghai upgrade, which enabled withdrawals of Staked Ether.
1:26.1	How would you each characterize the current staking landscape today? What are the main issues
1:32.1	and what are the next developments you think are necessary? Why don't we start with you 3-ROM?
1:37.1	It's been super exciting to see both the merge and the withdrawals enable. So now Ethereum is
1:43.6	a complete system for all practical purposes. Anything you want you can do on this system.
1:51.7	I'm quite excited about both the merge and the withdrawals, because now I think from our point
2:00.4	of view, what it does is you can now build general purpose systems on top of Ethereum,
2:07.6	because Staking, which allows for both positive and negative penalties to be built on top,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.