Steven Pack

And so that's actually been, when you plot the chart, it's native up and to the right and liquid staking down.

And I think this will actually kind of reverse that trend because you now get to, it's like that, and por que no los dos?

You can choose your node operator, you can negotiate your fees, you can do all those things, but still have liquidity.

Yeah, yeah, yeah.

I mean, all the, all of the OGs, right?

Like, uh, I have a lot of respect for, I mean, just picking some, like, you know, we've been talking about leverage looping, right?

Like, you know, enabled by RVAID.

So, you know, they've obviously been, uh,

cornerstone of the industry.

I also really appreciate teams that innovate on existing stuff.

So it's been interesting to see Morpho take an isolated market approach and then layer on the sort of like call them vaults, different to our sort of vaults, but layer something on top.

So I think that's been super interesting.

you know, in the vault space, there's, you know, it's a new and emerging area.

So there's lots of really interesting experimentation where, you know, teams are going all in on chain, you know, everything's in smart contract.

Like I think, you know, I actually don't think that's the right approach myself.

I think that just, that slows things down too much and vaults need to be flexible.

They need the security.

They need to be,

transparent they need to have policies but you know being on chain i think slows you down um but i i do appreciate like teams really choosing a lane and saying like no we are the we are the on chain or we are the smart contract only and others going in different directions yeah i know there's a lot of protocols i could talk about but um you know obviously rocket pool and yeah lido continues to innovate

So I think we'll do these dedicated, well, personally growing AOM of the existing ones.