Transcript Ep. 488: Do You Need to Think Twice Before Restaking Your Assets?

Laura Shin:

Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I’m your host, Laura Shin, author of The Cryptopians. I started covering crypto seven years ago, and as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full-time. This is the May 2, 2023 episode of Unchained.If you've been enjoying Unchained, please leave us a review wherever you listen to the podcast or share this episode with a friend. 

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Today's topic is staking and restaking on Ethereum. Here to discuss our Sreeram Kannan, founder of EigenLayer, and Konstantin Lomashuk, co-founder of p2p.org and Lido. Welcome Sreeram and Konstantin.

Sreeram Kannan:

Hi Laura, pleasure to be here.

Konstantin Lomashuk:

Hi Laura.

Laura Shin:

We are coming off a successful completion of Ethereum's transition to proof of stake and that was through the successful Shanghai upgrade, which enabled withdrawals of staked Ether. How would you each characterize the current staking landscape today? What are the main issues and what are the next developments you think are necessary? Why don't we start with you Sreeram?