hottakes

Liquid Staking Tokens (LSTs) were a mistake.

Aviator, diver, Etherean, nexialist, PhD in aviation and climate science, host of /diving /ethfinance /forteantimes /geopolitics /science /singapore /thomas

Fully understand and agree that they are an emergent property of the beacon chain’s design.

It follows that said design was suboptimal to the extent that it enabled that emergence / negative externality.

natural permissionless market forces made them inevitable

feature not bug

Indeed. We should have kept the Liquid Staking Derivative name!

working on nouns protocol ⌐◨-◨ https://mirror.xyz/verbsteam.eth

Was curious if you had an alternative universe in mind 🙏

I genuinely don’t know, I’m too smooth brained to be an ETHmagician. And even if I did, there’s no putting that toothpaste back into the tube.

My only point (since we’re in /hottakes) is that they are a negative externality

Wait until you hear about restaking those LSTs.... 🤷‍♂️

They were unpreventable but IMO as this modularization narrative heats up it may render the point moot and LSTs are just a stepping stone to a better design. (I hope)