Content
@
https://warpcast.com/~/channel/ethrd
0 reply
0 recast
0 reaction
.
@chaskin.eth
Tell me where my thinking is wrong: Lowering issuance curve + restaking could kill LSTs If issuance is low enough LST yield (solely from issuance) won't outweigh governance + smart contract + centralization risks. Restaking offers yield LSTs won't touch. Solo staking is still attractive because MEV + restaking yield
4 replies
0 recast
4 reactions
eric siu š
@randomishwalk
the staking ratio will equilibrate to wherever the market deems is risk neutral, assuming capital flight is frictionless changing issuance simply changes aggregate economic security this all assumes economic rationality. which iām not sure is always a fair assumption in this industry
1 reply
0 recast
1 reaction
BarnabƩ Monnot
@barnabe
Generally I would try to avoid the "high issuance => more yield, low issuance => less yield" mental model, but in a high issuance world with LSTs controlling a lot of stake, it's not so much that the yield they offer outweigh the other risks, but really more that not holding them gives you a significant discount
1 reply
0 recast
1 reaction
10110110
@182
what do you mean "yield LSTs won't touch"? there's tons of LRTs coming online that do just that. LSTs also already include MEV yield
1 reply
0 recast
2 reactions
Thomas
@aviationdoctor.eth
So do you expect the TVL to shift from the likes of Lido (pure LSTs) to the likes of ether.fi (embedded restaking)? My concern is also about MEV getting burnt in the future, and solo staking becoming even less appealing, whether itās against LSTs right now or LRTs going forward
1 reply
0 recast
1 reaction
