While the growth case is clearly compelling, LSD appears to be suffering from 2 fronts - 1. dozens of new entrants; and 2. commodity offering leads to margin pressure. While there's market share to be gained, margins will start to race to the bottom as competition increase. I suspect momentum might be short lived. Thoughts?
Agreed. The likes of Lido and Coinbase will see fee compression. I suspect custody services will offer free staking product as a way to grow their capital base. Rocket Pool doesn't charge fees. So it's less susceptible. But it's no fee token utility model makes RPL token highly reflexive.
While the growth case is clearly compelling, LSD appears to be suffering from 2 fronts - 1. dozens of new entrants; and 2. commodity offering leads to margin pressure. While there's market share to be gained, margins will start to race to the bottom as competition increase. I suspect momentum might be short lived. Thoughts?
Agreed. The likes of Lido and Coinbase will see fee compression. I suspect custody services will offer free staking product as a way to grow their capital base. Rocket Pool doesn't charge fees. So it's less susceptible. But it's no fee token utility model makes RPL token highly reflexive.
Indeed. Thanks for the clarification. Great write up Sam! Love your work
great article ser. Learnt a lot !
Very brilliant article! One small mistake, staking 8 eth requires a minimum 2.4 eth rpl (that is 30% not 10%)
ohh really. thanks for correcting me. where did you read that?