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@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
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@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 iā€™m not sure is always a fair assumption in this industry
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@randomishwalk
the more impt question is whether taking an active approach to monetary policy is worth it
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