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Sam Kamani

๐Ÿ‘ค Speaker
1963 total appearances
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Appearances Over Time

Podcast Appearances

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

Yeah.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

So it's like, let's say, let someone is new to DeFi.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

Can you give an example and explain with an example, the leverage staking strategy?

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

So let's say they've got like, say, just say two ETH.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

What would, how the process would look like?

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

How would it, where would they start with staking, then restaking, then doing leverage or yeah, explain it as you wish.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

Yes, yes, that's right.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

Yes.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

The problem with that is I haven't seen yield at Aave recently, but it was often around 2%, 3%.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

And the borrowing you do is often at more than that.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

So you end up, and then there is transaction costs, all that.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

So you could end up losing money at every loop.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

And so it is 100%.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

It's not advisable for someone new just dipping their toes into getting anything like that.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

Yeah, there's so many, so many moving parts to something like this that, yeah.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

And same thing happens in the track firewall that this is where people get into, get into trouble and all that.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

Yep.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

And I had the question here on, you know, how you talked about earlier about incentives that you didn't incentivize to the like extreme levels or anything.

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

In your point of view, what incentives work the best for long-term sustainability?

Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid

Participation.