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
I mean, so we do, we have a great partnership with a curator called Tulipa Capital.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
They're based in Europe, manage a bunch of funds.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
So it's a kind of sort of organic process actually with them.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
They're kind of our ears and eyes and ears on chain, like looking at things like what incentive campaigns are running, like what L2s are seeking liquidity, what protocols on mainnet are seeking liquidity.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
And so they're doing that, we're doing that.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
But also we've kind of become this almost like a quasi BD arm for Rocketpool, right?
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
Like not official, like we're not officially designated as this.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
But the fact is like we control like more REs
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
than most really like, or maybe than any, I don't know, that are looking to deploy it in this way.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
And so we're actually able to, you know, go to protocols and say like, hey, we've got our ETH and either secure good deals for our depositors.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
Unfortunately, or maybe not unfortunately, this is just natural.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
Most protocols do seek ETH like, you know, or wrapped ETH, you know, more than our ETH.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
Like despite our ETH being, you know,
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
Like a great asset, it's like over a billion dollars in TVL.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
It doesn't quite have the reach of ETH or even state to ETH.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
But that's one of the things we're trying to change.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
Like as we grow, we get that bit more negotiating leverage to say, well, we will come, but only if it's denominated in our ETH.
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
And, you know, just that's a, that's a process, right?
Web3 with Sam Kamani
356: Leverage, Liquidity & The Future of ETH Staking with Guest Speaker Steven Pack from RockSolid
Like getting more protocols, accepting our ETH and getting our ammunition even higher.