Staking Sub-Sectors
Related research

Restaking Games: Chasing for Yield
By
Anil Lulla•
By this point, the restaking pitch is well-known: use the already bootstrapped economic security of another asset to secure your app, instead of bootstrapping security from scratch with your own token. But is it all about security or are politics at play too? With $21B of restaked assets, what is the realistic yield AVS' can generate, and is it enough to compensate for the risk?

Solo, Liquid, or Centralized: A Guide to Staking ETH
By
Anil Lulla•
The launch of Ethereum's Shapella upgrade marks a significant moment that allows the withdrawal of staked ETH from the Beacon Chain, a feature that was previously unavailable. As highlighted in our earlier report on ETH staking, this newfound function paradoxically may not trigger a mass withdrawal.

Vitalik's Warning
By
Anil Lulla•
Ethereum is known to be the most secure layer-1 blockchain. Part of the reason why it has attracted so much volume and liquidity is due to the security it can provide to applications that deploy on it. Currently, there are many Actively Validated Services (AVS) that benefit from Ethereum's security and liquidity.

Lido's Game Theory
By
Anil Lulla•
Liquid Staking Derivatives (LSDs) enable users to swap ETH in return for a derivative token that represents staked ETH. LSDs let users bypass the frictions of staking ETH: (i) the technical know-how of running a validator, and (ii) the 32 ETH requirement (nearly $60,000 at today’s prices).

Brace Yourselves, Shanghai Is Coming
By
Anil Lulla•
Do you hear that? That’s the sound of 17M ETH getting ready to be withdrawn from staking, nearly $30B of ETH supply previously locked up coming onto the market ready to be sold. Or at least, this is what you may think if you’ve wandered into certain parts of crypto Twitter.

The Future of ETH Liquid Staking
By
Anil Lulla•
In this report, we analyze the ETH staking market from a business and financial perspective. The end goal of this exercise is to try and ascertain these protocols' potential for value generation.
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