The Crypto Explorer - by Sygnum Bank AG S2E10: The Future of Staking with Kean Gilbert from Lido DAO
Mar 26, 2025
In this discussion, Kean Gilbert, a contributor to Lido DAO focusing on institutional adoption of ETH, shares insights into the rapidly evolving world of staking. He highlights key trends influencing both retail and institutional marketplaces and contrasts decentralized versus centralized staking solutions. Kean explains Lido’s innovative offerings, including the introduction of stVaults in Lido V3 and how liquid staking solutions like staked ETPs are bridging DeFi and TradFi. He also addresses the challenges that institutional players face in navigating this landscape.
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Why Ethereum Staking Matters
- Staking ETH is crucial for securing Ethereum’s proof-of-stake network and generating rewards.
- Lido provides liquid staking that issues stETH as a tradable token representing staked ETH plus rewards.
Shift From Retail to Institutional Staking
- Retail users dominated the early staking market, but institutions are now the focus for growth.
- Institutions prioritize capital efficiency, making staking to earn yield a logical next step.
Institutional vs Retail Staking Priorities
- Retail staking values convenience and ease of access, while institutions prioritize security and operational control.
- Institutions require qualified custodians, SLAs, and rigorous due diligence for staking services.