The Business Model of LSTs: Banks, Bribes, and LSTaaS | Adrian & Vance
Bell Curve
Shownotes Transcript
Season 5 | Episode 5
In this episode of Bell Curve, Mike and Myles are joined by adcv, chef at Steakhouse Financial, and Vance, Bell Curve RU Host & Framework Ventures co-founder. Zooming out, the team dives into the business approaches for MakerDAO and Lido. They explore value accrual for both protocols, the strategic directions, business models, and their endgame.
Timestamps:
(00:00) Intro: Pre-Interview
(01:46) “Permissionless Ad”
(02:42) Interview Start: Adrian & Vance
(04:11) Liquid Staking for the Layman
(13:30) End Game for Maker DAO & Lido
(24:13) Governance Over Processes
(26:11) Liquid Staking as a Service
(40:18) LST Indices
(44:31) The Future of Staking Router
(49:53) Revenue Growth for Lido
(54:51) Lido Bribe Fee Model
(1:04:54) Recap: Post-Interview
Follow adcv: https://twitter.com/adcv_)
Follow Vance: https://twitter.com/pythianism)
Follow Myles: https://twitter.com/MylesOneil)
Follow Mike: https://twitter.com/MikeIppolito_)
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Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023)
Resources:
Steakhouse Financial
ADCV Liquid Staking as Banks
https://www.adcv.xyz/steth-is-the-decentralized-reserve-currency/)
Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.