🚀 𝐖𝐞 𝐚𝐫𝐞 𝐭𝐡𝐫𝐢𝐥𝐥𝐞𝐝 𝐭𝐨 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐭𝐡𝐞 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐟 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐩𝐚𝐩𝐞𝐫 : 𝐬𝐭𝐄𝐓𝐇-𝐛𝐚𝐬𝐞𝐝 𝐒𝐰𝐚𝐩𝐬 𝐮𝐬𝐢𝐧𝐠 𝐄𝐑𝐂-6123

👉 Download and read the full report here:  https://docsend.com/view/457wiibg6wwd2jrc

In this paper, we assessed the demand, benefits and risks of an Ethereum staking rate swap product within the Lido ecosystem and with the following characteristics:
1)   using Lido stETH APR as a benchmark rate
2)   using stETH as collateral and settlement asset
3)   managed as a smart derivative contract (SDC) using ERC-6123.

This research project has been supported by a grant from LEGO (Lido Ecosystem Grants Organization), to which we extend our sincere gratitude.