DeFi’s Next Big Thing: Liquid Staking Token скачать в хорошем качестве

DeFi’s Next Big Thing: Liquid Staking Token

#KonstantinLomashuk #Lido #REDeFiNETOMORROW2023 #SCB10X Fireside Chat: DeFi’s Next Big Thing: Liquid Staking Token • Konstantin Lomashuk, Co-founder, Lido • Moderator: Rishi Ramchandani, APAC Web3 Lead, Google 1/ This thread summarizes a session with Rishi Ramchandani from Google Cloud and Konstantin Lomashuk, Co-founder of Lido, where they delve into liquid staking and its implications for decentralized finance (DeFi). [Commentary Added] 2/ Lomashuk emphasized the unique attributes of blockchain, such as its permissionless and transparent nature, which led him to establish Lido. The platform's aim is to uphold the decentralization and resistance of blockchains by operating validation nodes and offering staking services. 3/ A focus of the discussion was Liquid Staking Tokens (LST), introduced as a solution to the constraints of traditional staking models. LST allows crypto holders to contribute to the security of blockchain networks while maintaining liquidity. 4/ With LST, users deposit their tokens into a smart contract platform and receive LST tokens in return. These tokens represent their contribution to network security and yield rewards, a novel approach to enhancing blockchain security. 5/ Comparing LST's decentralized approach to centralized staking providers such as Binance and Coinbase, Lomashuk highlighted that users maintain full control over their funds with LST, thanks to the use of smart contracts. 6/ This transparency and programmability make decentralized staking a more trustworthy option and open to anyone, offering distinct advantages over traditional, centralized models. 7/ Regarding the future of liquid staking, Lomashuk shed light on upcoming innovations like Distributed Validation Technology (DVT) and activation of withdrawals by smart contracts. These advances aim to augment liquid staking, making it more decentralized and secure. 8/ He also envisioned a growth in new applications built on top of liquid staking, contributing to the overall expansion of DeFi. This illustrates the potential of liquid staking as a driving force behind the evolution of the DeFi landscape. 9/ Both speakers shared their enthusiasm for DeFi, underlining its potential to transform the financial system. They pointed to technology regulation and the creation of an open, permissionless finance ecosystem as key enablers for this transformation. 10/ They also acknowledged risks, such as smart contract vulnerabilities and regulatory uncertainties. They highlighted the importance of user education and protocol enhancements to mitigate these risks, emphasizing the need for balanced growth in the DeFi space. 11/ In closing, the conversation explored the convergence of AI and blockchain. Use cases of AI in blockchain, including decentralized machine learning and autonomous agents, were discussed. [Commentary Added] 12/ They underscored the potential for blockchain to contribute to the security and regulation of AI, indicating the scope for cross-domain innovation and synergy. 13/ Overall, this session offered valuable insights into liquid staking and its impact on the DeFi landscape. With its focus on technical aspects and new product developments, it offered a deep-dive into the advancements in the industry.