@arnoldwall
Coinbase’s latest update introduces a critical shift in staking mechanics.
By enabling tradability of staked positions, staking capital becomes liquid and reusable.
This effectively turns staked assets into liquid staking derivatives (LSDs) with:
• improved capital efficiency
• secondary market price discovery
• reduced opportunity cost
The ability to trade, hedge, or reallocate staked exposure unlocks rehypothecation and more advanced yield strategies.
Staking is evolving from a passive yield tool into a core financial primitive within crypto markets
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