In this episode of Empire, Darren Langley (Rocketpool) and John Zettler (Coinbase) join us to discuss why liquid staking is taking over Ethereum. We start with the LSD landscape, how cbETH and Rocketpool approach product strategy, and Lido's dominance. Then we get into the real fun stuff. Darren and John explain the 2/3rd order effects of the Shanghai upgrade, how to drive on-chain liquidity, the evolving fee market and more. Liquid staking is poised to take over Ethereum - don’t miss out!

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Timestamps:

(00:00) Introduction

(01:45) The LSD market overview

(13:34) Rocketpool’s focus on decentralization

(16:44) Lido’s dominance

(19:59) Coinbase’s partnership with Rocketpool

(24:41) Shanghai predictions

(33:55) Blockworks Research

(40:55) A reshuffling of market share?

(46:18) Driving on-chain liquidity

(50:08) Fee markets and multi chain

(57:00) Future outlook

(1:02:44) Regulation

(1:08:48) LSDs on L2s

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Resources

cbETH

https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/cbeth

Rocket Pool

https://rocketpool.net/

https://twitter.com/Rocket_Pool

Ethereum staking distribution dashboard

https://dune.com/hildobby/eth2-staking

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Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.