Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
You have to find your node operator.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
They have to do things with a safe.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
Like it's still a little bit like of work to do.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
So we've really, we're actually wrapping that up into a rock solid interface in terms of security and being simple.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
And we pride ourselves on offering like single click access to DeFi.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
So wrapping that up into a product, we're still working on the name.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
The bad name is dedicated liquidity staking vaults.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
But it's this concept that if you're an ETH holder and you're staking, but you do value access to liquidity.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
either because you're holding on behalf of others and they need to redeem, or maybe it's your own balance sheet, but you want to use some of the ETH to participate in DeFi, this product allows you to do that.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
So you can deposit ETH, you tell us who the node operator is or will default to peer-to,
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
because, you know, they're our partner and they're amazing.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
And we can offer that like immediate liquidity into S2Eth when you need it.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
And so it's the, you know, solves both problems.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
So yeah, we're utilizing this infrastructure, not just to create that sort of leverage staking vault, but just to offer like a personalized single vault to any large ETH holder that says, yeah, I want a stake, but I want liquidity.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
So yeah, if that's you, dear listener, reach out, you know, via Twitter or on our website at work.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
And I think that's going to be a popular product because that's actually one thing I'll mention like industry wise.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
You know, there was a time when liquid staking growth was just up and to the right and it looked like it was going to go forever.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
And there was all this sort of concern about, you know, especially Lido controlling too much of market share.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
But actually what's happened in the last decade
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
sort of two years has been like native staking has grown massively at the expense of liquid staking.