November 11, 2022: High on LSD 💊😵
ETH "Liquid Staking Derivatives" War Grows
Llama Party at 9 AM PT! Guest of honor this week is you 🫵 — Join in the Discord!
The battle of ETH Liquid Staking Derivatives (LSD) has gotten more interesting in recent weeks with the launch of new entrants since the merge.
Here’s the history of the LSD wars. We had to plot on a log scale, otherwise Lido’s intense lead would dwarf all others.
With the exception of StakeWise ETH, all have a heavy footprint on Curve as well.
For more on the top three, see also our recent one-pager.
What did he mean by all this? What’s our (non-financial) advice on these?