The Business Model of LSTs: Banks, Bribes, and LSTaaS | Adrian & Vance

Season 5 | Episode 5

In this episode of Bell Curve, Mike and Myles are joined by adcv, chef at Steakhouse Financial, and Vance, Bell Curve RU Host & Framework Ventures co-founder. Zooming out, the team dives into the business approaches for MakerDAO and Lido. They explore value accrual for both protocols, the strategic directions, business models, and their endgame.

- -


(00:00) Intro: Pre-Interview

(01:46) "Permissionless Ad"

(02:42) Interview Start: Adrian & Vance

(04:11) Liquid Staking for the Layman

(13:30) End Game for Maker DAO & Lido

(24:13) Governance Over Processes 

(26:11) Liquid Staking as a Service

(40:18) LST Indices

(44:31) The Future of Staking Router 

(49:53) Revenue Growth for Lido

(54:51) Lido Bribe Fee Model

(1:04:54) Recap: Post-Interview

- -

Follow adcv: https://twitter.com/adcv_

Follow Vance: https://twitter.com/pythianism

Follow Myles: https://twitter.com/MylesOneil

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

- -

Use code BELLCURVE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

- -


Steakhouse Financial


ADCV Liquid Staking as Banks


- -

Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Other Podcasts from our Network