Bell Curve

Lido v3 Deep Dive | Hasu & Konstantin

Feb 11, 2025
This conversation features Hasu, a thought leader on liquid staking, and Konstantin Lomashuk, co-founder of Lido and Cyberfund, shedding light on Lido v3's transformative role. They dive into the evolution of liquid staking, discussing institutional needs and the new marketplace model. Key topics include the enhanced fungibility of stETH and Lido's architectural advancements focusing on decentralization and risk management. Their insights provide a comprehensive view of how Lido is addressing both regulatory challenges and institutional demands in the staking landscape.
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INSIGHT

stETH Fungibility

  • Lido v3's modular setup raises concerns about stETH fungibility.
  • Different validators might have varying risk profiles, impacting the value of stETH minted from them.
INSIGHT

Risk and Reward Customization

  • Lido v3 addresses varying risk profiles by allowing customized setups and adjusting collateral ratios.
  • Higher-risk setups mint less stETH, retaining a bond for slashing protection.
INSIGHT

Institutional Staker Needs

  • Institutional stakers need solutions for KYB, custody, and specific requirements.
  • Lido v3 lets institutions choose their validator and custody setup, addressing these needs.
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