onthebrink

My $0.02 on staking and liquidity re: ETFs as a liquid fund manager (last week's episode, sorry I'm behind)

Stupid-simple solution- just leave some unstaked, some rolling unstaked, and some always staked

Second- recreate a liquid staking token without a token. Just a private agreement for lenders to provide short-term liquidity knowing you're good for the collateral

Third- just use a liquid staking token

Fourth- some Frankenstein of those 3

Possible the ETF regulations will privilege different assets based on their lockups. SOL maybe better positioned than ETH for example. SOL staking ->3 days unlock in worst case, ETH worst case is like a month? It's messier

Unclear which liquidity regs *will* apply or (to a layman like me) which *should* apply but possible staked assets are deemed illiquid (some ETFs no more than 15% can be "illiquid"). Also possible staked SOL deemed not illiquid as worst case <7 days but ETH is deemed illiquid, meaning you only see staked SOL (et al) ETFs and not staked ETH ETFs

data science @ coinbase                                


t0ny.base.eth

ETH staking has other complications too like slashing 😂 

Not trying to be negative