In today’s episode of Empire, we discuss the upcoming Shanghai upgrade and Lido's liquid staking monopoly. What will happen to stake rates once withdrawals are enabled? Will LSD providers steal market share from Lido?
We also discuss Genesis' terrible GBTC trade, why we're feeling optimistic, FTX recovering $5B, Japan's most popular blockchain and how people still underestimate the power of BD in crypto (e.g. the Avalanche AWS partnership)!
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Timestamps:
(00:00) Introduction
(00:21) Crypto Conferences & the January Effect
(09:30) Genesis’ Terrible Risk/Reward Trade
(20:08) FTX Finds $5B of Assets
(24:38) SBF’s Substack Post
(28:56) Why We're Still Feeling Optimistic
(37:21) How the Shanghai Upgrade will Impact ETH staking rates
(44:16) When to Sell (a Crypto Funds Perspective)
(48:16) Has Lido Won the LSD Battle?
(52:53) Avalanche Partners With AWS
(1:01:07) Japan’s Most Popular Blockchain
(1:03:39) Coinbase and Blockchain.com Layoffs
(1:05:00) On-Chain US Treasuries (Ondo Finance)
(1:07:25) Book Recommendations
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Resources
Thinking in Probabilities (Byron newsletter)
https://blockworks.co/newsletter/issue/30211866
SBF's Substack
https://sambf.substack.com/
Ryan Watkins tweet
https://twitter.com/RyanWatkins_/status/1612872737134870528
Astar
https://astar.network/starmap/
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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.