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Uniswap v4 is the Sanctum of Restaking

The article discusses how Uniswap v4 could play a pivotal role in the future of Ethereum (re-)staking, drawing parallels to Solana’s staking aggregator, Sanctum👇

The reason this occurred was simple, given Ethereum’s up to 10-day withdrawal queues, a crucial differentiating factor of each LST is its ETH liquidity.

There is a reason that the only LST represented on the above chart is Lido stETH.

Lido’s dominance is well documented and is so severe that it is often cited as a decentralization/security risk for Ethereum.

By taking MEV revenue and distributing to stakers, JitoSOL has become the dominant individual LST on Solana but its position is much weaker than Lido’s.

Sanctum's unique design places it among the top DEXes on Solana even though it is purely focused on staking liquidity.

This created a liquidity flywheel between users, LPs and swappers of stETH.

Lido got a head start on their liquidity both in exchanges but also in lending protocols and other DeFi integrations.