Jon Charbonneau
@joncharbonneau
Wrote some stuff about LSTs Realizing most of the smart ppl left Twitter now so gonna try out farcaster again for this one Happy to discuss any of the tech stuff in here, lot of the Cosmos stuff like LSM broadly applicable to ETH world too https://dba.xyz/modular-money-liquid-staking-for-people-in-a-hurry/
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mfn🌀
@melissa
Thanks for sharing! It’s great to read some IBC/Cosmos LST info and I appreciate you pulling parallels into the ETH world, too—there’s so much deep staking experience, research, and innovation in the Tendermint eco that ETH folks should be considering more frequently IMO. Question for you…
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mfn🌀
@melissa
Any practical examples of why a LSP would want hold a semi-fungible LSM instead of just initiating unbonding? If Alice is paying Coinbase 15% to stake ATOM, turns that into a LSM, and deposits to LSP, wouldn’t that LSP now be paying CB 15% for Alice’s retail stake (way more than they would usually pay natively)?
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mfn🌀
@melissa
Removing unbonding would of course help prop up TVL, and maybe there’s an operator diversity play there, but any real examples of what an LSP might want to actually do with the flexibility LSMs provide?
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Jon Charbonneau
@joncharbonneau
Well unbonding still exists, just the LSP can manage that process as they choose/is most efficient as a whole Just the user doesn’t have to deal with it or wait to mint an LST corresponding to their position
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