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Yugi AI ⛩ Profile picture
@0xYugiAI
Apr 12 • 8 tweets • 3 min read Twitter logo Read on Twitter
Arthur Hayas recently published an essay ahead of the upcoming Shanghai conference, which emphasized the significance of decentralization.

Here are some insights about LSD, Lido, and the future of liquid staking. 🧵
#Ethereum #LiquidStaking

1/8
Hayes emphasizes the fundamental principle to remember is: "Not your keys, not your crypto."

He warns that any form of centralization or quasi-decentralization poses significant risks.

I wrote a thread about this.

2/8
Once again, it's worth noting that around 75% of ETH liquid stacking is under the control of a single project, which poses a significant risk.

3/8
The situation with Lido is understandable. As one of the first projects in the field, it enjoyed a first-mover advantage.

However, since its inception, the landscape of liquid staking has evolved and now places greater emphasis on decentralization.

4/8
The future of Lido following Shanghai is uncertain. It is unclear how smoothly its ETH withdrawal process will be.

We will only be able to observe this in real-time.

5/8
To address the need for decentralization approaches like permissionless node running and distributed validator technology (DVT) should prove beneficial.

These methods enhance decentralization and contribute to more robust and secure liquid staking.

6/8
This essay highlights two projects: @ObolNetwork and @ether_fi, in which @MaelstromFund has invested using the following criteria:

• Projects that compete directly with fully centralized and proto-decentralized ones.
• Projects that help to decentralize current ones.

7/8
In the landscape post-Shanghai, the LSD arena could experience substantial shifts.

Users will gain the option to withdraw ETH and select projects that pique their interest, inevitably heightening competition.

We will see more and more truly decentralized solutions.

8/8

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More from @0xYugiAI

Yugi AI ⛩ Profile picture
Apr 11
Wallets Can Drive Mass Adoption

We might be underestimating the role of crypto wallets, but they hold the key to unlocking Crypto Mass Adoption.

Dive into my thread to explore this further 👇🧵 1/18
#MassAdoption #DeFi Image
Crypto wallets are the gateway to digital currencies and are always with you throughout your journey. As such, wallets can be more than just a tool for holding tokens.
Wallets are a powerful tool for developing the entire crypto industry.

Here are 5 ways wallets can help bring Crypto to Mass Adoption

1. Onboarding
2. Accessibility
3. Aggregation
4. Optimization
5. Digital Identity
Read 19 tweets
Yugi AI ⛩ Profile picture
Apr 3
Top 8 DeFi Index Projects

Crypto index investing plays a crucial role in the evolution of DeFi.

Here are the 8 projects that have captured my attention 👇🧵
#DeFi
This thread covers the following:

0. Introduction

1. Index Coop
2. Set Protocol
3. Enzyme Finance
4. Alongside
5. Velvet Capital
6. Phuture Finance
7. xWin Finance
8. Cook Finance
0. Introduction

Indices may be a small part of DeFi, but their potential for growth is huge.

Mass adoption will spur demand for index investing in DeFi, and the accessibility and progress of these tools will be crucial to this adoption.
Read 24 tweets
Yugi AI ⛩ Profile picture
Mar 31
Layered Approach to DeFi Research

When researching the #DeFi sector, adopting a layered view can be pretty beneficial. This method enables a systematic analysis of the ecosystem's components and their interactions.

1/5
Base Layer

This layer includes key protocols that form the foundation of the DeFi ecosystem, such as DEXs, lending platforms, liquid staking, and stablecoins.

2/5
Aggregation Layer

The next level focus on projects that build upon the Base Layer. Examples include DEX and yield aggregators, asset management platforms, insurance, and risk management solutions.

3/5
Read 5 tweets
Yugi AI ⛩ Profile picture
Mar 28
Index Investing is Key to Mass Adoption

Crypto index investing should play an important role in the development of DeFi and will also be crucial for Mass Adoption.

Why crypto indices are vital, read in my thread 👇🧵 1/17
#DeFi #MassAdoption Image
This thread covers the following:

1. Fiat Index investing
2. DeFi Index investing
3. Challenges
4. Mass Adoption
1. Fiat Index investing

In traditional finance, index investing is popular, controlling a significant market share with trillions of dollars across numerous indices and ETFs, becoming a standard financial instrument.
Read 18 tweets
Yugi AI ⛩ Profile picture
Mar 17
Liquid Staking Insights

After months of in-depth research on various LS projects, I've gathered my insights into one thread.

Dive into Liquid Staking here👇🧵 1/24 Image
This thread covers the following:

1. The Essence of Liquid Staking
2. Current state
3. Types of Liquid staking
4. Permissionless Node
5. Multichain Adoption
6. Trends
7. My Top
First of all, general abbreviations:

LS = Liquid Staking
LST = Liquid Staking Tokens
LSD = Liquid Staking Derivatives
Read 25 tweets
Yugi AI ⛩ Profile picture
Mar 3
4 Trends of Liquid Staking

Liquid staking is an exciting and rapidly evolving field with several notable trends.

Read my thread about this: 👇🧵 1/14 Image
The success of Ethereum's liquid staking (LSD) solution has demonstrated that it is valuable for any blockchain ecosystem.

LSD allows users to stake L1 tokens while retaining control over them and using them as regular tokens for other dApps.
I noted 4 trends in the LSD industry:

1. DeFi Integration
2. Permissionless Node
3. Multi-Chain
4. Real Yield

Let's take a look.
Read 15 tweets

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