ethereum staking

In this episode of Bankless Takes, Ryan and David discuss the incredibly valuable investing wisdom from Chris Burniske, restaking summer…what’s the impact to ETH, and Vitalik’s end of my childhood post.

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🏹 dYdX | STAKING
https://bankless.cc/dYdX-staking-podcast  

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🎧Listen On Your Favorite Podcast Player 
https://bankless.cc/Podcast   

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BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON
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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle   

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30
https://bankless.cc/CTC 

🦄UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap  

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TIMESTAMPS & RESOURCES

0:00 Intro
1:19 Wisdom
5:20 Burniske Investing Wisdom
https://x.com/cburniske/status/1754315356770902293 

18:20 Restaking 
22:50 Restaking Impact on ETH? 
https://cryptoquant.com/asset/eth/chart/eth2/total-value-staked 
https://ultrasound.money 
https://app.eigenlayer.xyz/ 
https://dune.com/hashed_official/lrt 

41:30 End of My Childhood (Vitalik)
https://vitalik.eth.limo/general/2024/01/31/end.html  

51:17 Closing & Disclaimers

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See our investment disclosures here:
https://www.bankless.com/disclosures 

This is our first time ever covering a TradFi stock! However, Coinbase is a different beast…

Coinbase is a behemoth of a company, growing since May of 2012. CEO Brian Armstrong has been on Bankless a number of times.

Today, we’re bringing on two analysts–independent researcher Jay (0xJaypeg) and Delphi Digital analyst Michael Rinko.

Today’s episode will not be a history lesson on Coinbase, if you’re looking for that, we’ll highly recommend checking out Coinbase’s documentary: COIN: A FOUNDER'S STORY

Today’s episode is all about $COIN the asset. Down from its ATH of $342/share in Nov. 2021 to $85 today—and with a current market cap of $17.8B— are you bullish $COIN? Why or why not? 

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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-coin-bull-case 

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🏹 Airdrop Hunter is HERE, join your first HUNT today
https://bankless.cc/JoinYourFirstHUNT 

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TIMESTAMPS

0:00 Intro
4:30 The Business of Coinbase
8:40 Diversifying the Business
14:30 Analyzing Equities
17:20 Coinbase USDC
23:30 Yields and Interest Revenue
31:45 The Staking Business
37:00 The Take Rate
43:45 Growth of Staked ETH
48:20 Coinbase International
56:45 Derivatives Revenue and Regulation
1:06:00 Coinbase Bank and Custody
1:17:00 BASE
1:31:00 Ranking Coinbase’s Opportunities
1:35:00 Coinbase Assets
1:38:20 The Company Itself
1:48:00 Predicting $COIN
1:54:50 The Bear Case

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RESOURCES

Michael on Twitter
https://x.com/mrink0 

Jay on Twitter
https://x.com/0xjaypeg 

Delphi Digital Report
https://members.delphidigital.io/reports/coinbase-from-sleeping-giant-to-industry-leader 

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures 

What are the implications of restaking? Not every Bankless listener will be prepared for this conversation. This one is a hard one. If you want to be adequately equipped for the conversation that awaits, we recommend listening to the Bankless episode we did with Sreeram a few weeks ago. That episode will get you up to speed to understand some of the nuances and problems that are discussed in today’s episode. 

Because, today on the show, we have the largest and most gigabrain panel that we’ve ever had on Bankless…Vitalik Buterin, Justin Drake, Dankrad Feist, Jessy (aka 13-year-old VC - that’s her pseudonym), and of course… Sreeram Kannan himself, founder of Eigenlayer and perhaps the creator of restaking…all moderated by Tim Beiko! 

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🚀 Unlock $3,000+ in Perks with Bankless Citizenship 🚀
https://bankless.cc/GetThePerks 

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📣 CYFRIN | Smart Contract Audits & Solidity Course
https://bankless.cc/cyfrin 

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BANKLESS SPONSOR TOOLS: 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2 

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask  

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum  

🧠 AMBIRE | SMART CONTRACT WALLET
https://bankless.cc/Ambire 

🦄UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap 

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

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TIMESTAMPS

0:00 Intro
4:45 Setting the Panel
8:51 Jessy’s Restaking Thoughts
10:20 Justin’s Restaking Perspective
11:40 Dankrad’s Restaking Views
12:30 Sreeram’s Restaking Arguments
14:00 Why Justin is a Restaking Doomer
18:30 EigenLayer’s Restaking Architecture 
22:05 Restaking Builder Hooks 
25:05 Vitalik’s Restaking Concerns  
30:05 EigenLayer’s Acceleration
32:50 Sreeram Addressing Vitalik’s Concerns
37:48 Ensuring Restaking is Aligned 
46:04 Reputation Systems & Alignment 
51:35 Ethereum Protocol Complexity 
59:00 Credible Neutrality 
1:03:30 MEV Boost & PBS 
1:07:10 One Shot Signatures 
1:09:10 Closing Thoughts, Arguments, & Next Steps
1:16:30 Closing & Disclaimers

-----------
RESOURCES

Sreeram Kannan 
https://twitter.com/sreeramkannan 
https://youtu.be/HcEGXoC57Rw 

Vitalik Buterin
https://twitter.com/VitalikButerin 

Tim Beiko
https://twitter.com/TimBeiko 

Justin Drake
https://twitter.com/drakefjustin 

Dankrad Feist
https://twitter.com/dankrad

Jessy
https://twitter.com/13yearoldvc  

-----------
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures 

Bankless Weekly Rollup
2nd Week of June 2023 

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🚀 AIRDROP ALPHA 🚀
https://bankless.cc/Alpha 

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🚀 Asymetrix
Go to https://bankless.cc/asymetrix 
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BANKLESS SPONSOR TOOLS: 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2   

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask  

👾STADER LABS | ETHX LIQUID STAKING
https://bankless.cc/Stader 

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku  

🎮IMMUTABLE | GAMING ECOSYSTEM
https://bankless.cc/Immutable  

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

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Topics Covered

1:09 MARKETS

6:29 Are we at a Local High?

9:25 Ethereum Validator Queue

12:52 CEX Volume Stats
https://www.theblock.co/data/crypto-markets/spot/usd-support-exchange-volume-market-share  

17:23 Gary Gensler on CNBC
https://youtu.be/VKxXdUvMqAc?t=277 

19:28 SEC Sues Binance US
https://www.sec.gov/news/press-release/2023-101 
https://www.sec.gov/news/press-release/2023-103 
https://www.cnbc.com/2023/06/07/binance-lawyers-say-sec-chair-gensler-offered-to-be-advisor-in-2019.html 

26:13 SEC Sues Coinbase
https://www.sec.gov/news/press-release/2023-102 
https://twitter.com/MikeSeligEsq/status/1666063676145819648?s=20 

31:34 Can Gary Get Away With This?

33:51 Cypherpunks Take
https://twitter.com/udiWertheimer/status/1666077587792166914?s=20 
https://twitter.com/jack/status/1666078896327122946?s=20 

38:39 Optimism Bedrock!
https://twitter.com/optimismFND/status/1666155844776361985?s=20 
https://twitter.com/jessepollak/status/1664349169073414147 

41:47 Arbitrum Ran Out Of Gas
https://www.dlnews.com/articles/defi/arbitrum-came-to-a-halt-as-its-sequencer-ran-out-of-gas/ 

43:42 ETH Validator Proposal
https://ethresear.ch/t/increase-the-max-effective-balance-a-modest-proposal/15801 

49:22 ENS Upgrades
https://twitter.com/nicksdjohnson/status/1666368619876327424 
https://www.my.box/

51:29 Rocketpool on zkSync Era
https://twitter.com/Rocket_Pool/status/1664276628468547587 

52:58 Pooltogether Case Dismissed
https://twitter.com/lay2000lbs/status/1666532463428943875?s=20 

56:12 Questions From The Nation
https://discord.com/channels/615592155481767941/1058053004705669211/1114707321000562738 
https://discord.com/channels/615592155481767941/1058053004705669211/1115619057593495552 

1:03:12 Takes Of The Week
https://twitter.com/zmanian/status/1658152508571697152?s=46 
https://twitter.com/dankrad/status/1664958413829185536?s=46 
https://twitter.com/FEhrsam/status/1665796974346420224?s=20 
https://twitter.com/qaatani9/status/1664292528655413250?s=20 

1:10:28 What Are We Bullish On?

1:14:05 Get More Of Anthony

1:15:29 Meme Of The Week
https://twitter.com/pseudotheos/status/1665730241845944331?s=46 

1:16:15 Risks And Disclaimers

----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures 

Bankless Weekly Rollup
4th Week of May 2023 

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🚀 AIRDROP ALPHA 🚀
https://bankless.cc/Alpha 

------
🚀 Consensys Diligence Fuzzing
https://bankless.cc/diligence-fuzzing-pod 

------
BANKLESS SPONSOR TOOLS: 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2   

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask  

👾STADER LABS | ETHX LIQUID STAKING
https://bankless.cc/Stader 

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku  

🎮IMMUTABLE | GAMING ECOSYSTEM
https://bankless.cc/Immutable

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

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Topics Covered

0:00 Intro

3:45 MARKETS
6:25 ETH Staking
https://dune.com/hildobby/eth2-staking 
8:40 Lido Withdrawals
https://twitter.com/TrueWaveBreak/status/1660860593526431744 
10:55 Germany Recession
https://www.reuters.com/markets/europe/germany-enters-recession-2023-05-25/ 
12:10 Buying vs Renting
https://twitter.com/GRDecter/status/1661057543219675136 
15:00 1 in 10 Americans Use Crypto
https://twitter.com/SebVentures/status/1661063483369177108 
Brian Armstrong - https://twitter.com/brian_armstrong/status/1661449616393666560 
20:00 NVDA AI
https://www.cnbc.com/2023/05/24/nvidia-nvda-earnings-report-q1-2024.html 

25:30 Postponing Ledger Recover
https://www.ledger.com/blog/ledger-recover-a-message-from-pascal-gauthier-chairman-ceo-at-ledger 
28:45 DCG Missed Payment
https://twitter.com/ramahluwalia/status/1660981239254269952 
33:20 Tornado Cash Hack
https://twitter.com/samczsun/status/1660012956632104960 

37:40 Binance Commingling Funds
https://www.reuters.com/investigates/special-report/crypto-binance-money/ 
https://twitter.com/BanklessHQ/status/1661411951627436038 

46:30 Apple Pay 
STEPN - https://twitter.com/Stepnofficial/status/1660616595792601091 
Axie - https://www.coindesk.com/web3/2023/05/17/axie-infinity-game-launches-on-apple-app-store-in-key-markets/ 
48:45 BASE Maine
https://twitter.com/BuildOnBase/status/1661406955158618118 
50:10 Pudgy Penguin Toys
https://twitter.com/pudgypenguins/status/1659325632499572736 
52:40 Do Kwon Bail Revoked
https://decrypt.co/142224/terra-founder-do-kwon-back-in-jail-in-montenegro-bail-revoked 
53:00 Vitalik Restaking
https://twitter.com/VitalikButerin/status/1660356821779988480 
https://twitter.com/BanklessHQ/status/1660791568482320390 
59:13 Ron DeSantis Bitcoin  
https://www.trustnodes.com/2023/05/25/let-them-do-bitcoin-says-ron-desantis 
1:02:30 Matcha Update
https://twitter.com/matchaxyz/status/1661401872811565056 
1:04:10 Connext Abstraction
https://blog.connext.network/introducing-chain-abstraction-9b8f6e4dc31a 
1:05:20 Astaria
https://twitter.com/AstariaXYZ/status/1661733590923878401 

1:05:50 Jobs
https://pallet.xyz/list/bankless/jobs 

1:08:20 Questions from the Nation
https://bankless.cc/Alpha 

1:18:30 Freedom to Innovate
https://twitter.com/RyanSAdams/status/1661722723947610114 
1:20:30 The Millennial Pause
https://www.youtube.com/watch?v=WRYgLsy6kLk 
Gen Z Shake
https://youtube.com/shorts/SsOrbYqiHVs 

1:24:15 What David’s Bullish On
https://imgur.com/a/U0KHn48 
1:27:05 What Ryan’s Bullish On
https://twitter.com/ryanberckmans/status/1661719300770615297 

1:29:40 MEME of the Week
https://imgur.com/Yndq4Xd 

----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures 

Ryan and David bring on Coinbase’s VP of International Policy, Tom Duff Gordon VP to discuss Coinbase’s exploration out of the United States.

Are they 4D chess? How does the crypto regulation in the U.S. shape up to overseas competition? Why is the U.S. driving crypto innovation abroad? Does the U.S. have any hope? 

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✨Stake with Swell
https://bankless.cc/Swell 

------
🚀 Airdrop Alpha is waiting for you on Bankless.com 
https://bankless.cc/Alpha  

------
BANKLESS SPONSOR TOOLS: 

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2 

🦄UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap 

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask 

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TIMESTAMPS: 

0:00 Intro
8:23 Is Coinbase Moving Offshore?
10:00 Coinbase’s International Plan
11:34 Will Coinbase Stay & Fight? 
17:38 Is Ether a Security in the EU?
19:30 Ranking Crypto by Geography
24:03 The U.S.’s Crypto Friendliness Ranking
25:30 Coinbase International? 
28:28 Coinbase’s Chessboard
32:46 Coinbase’s International Strategy 
35:05 What U.S. Retail is Missing Out On
37:05 Coinbase’s Frustration 
39:33 Coinbase’s Constraints
45:48 Crypto Game Theory 
50:03 Timeline
50:35 Closing & Disclaimers

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RESOURCES:

Tom Duff Gordon
https://twitter.com/tomduffgordon  

Coinbase Moving Offshore? 
https://www.bankless.com/coinbase-offensive-sec-united-states  

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures 

Bankless Weekly Rollup
2nd Week of April 2023 

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🚀 TOKEN HUB 🚀
https://www.bankless.com/join?utm_source=YouTube&utm_medium=Intro&utm_campaign=Intro_CTA1 

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BANKLESS SPONSOR TOOLS: 

📣 SAFE (Gnosis) | ACCOUNT ABSTRACTION
https://bankless.cc/AA

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://bankless.cc/kraken 

🧠 AMBIRE | SMART CONTRACT WALLET
https://bankless.cc/Ambire 

👻 PHANTOM | FRIENDLY MULTICHAIN WALLET
https://bankless.cc/phantom-waitlist 

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask 

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Topics Covered

0:00 Intro

4:30 MARKETS
6:30 Mt Gox
https://twitter.com/tier10k/status/1651317391626846214?s=20 
10:00 ETH Staking
https://www.theblock.co/data/on-chain-metrics/ethereum/cumulative-eth-deposited-to-beacon-chain-and-validators 
12:00 Staking Dashboard
https://dune.com/hildobby/eth2-staking 
15:25 Polynya Post
https://polynya.mirror.xyz/1ZTJ3_BG2-wnBTy6dJLM5E3TPH8wvLGKQVDAnv7VLIw 

20:30 Coinbase Suing the SEC
https://twitter.com/iampaulgrewal/status/1650655451720318976?s=20 
22:00 MetaLawMan Comments
https://twitter.com/MetaLawMan/status/1650847807480135681?s=20 
24:50 Coinbase Responds to SEC
https://youtu.be/pvbWPUCFdKA 
36:30 Shield NFT
https://twitter.com/coinbase/status/1650612986980048897?s=20 

38:30 John Oliver 
https://youtu.be/o7zazuy_UfI 

51:00 Voyager Binance Deal
https://twitter.com/investvoyager/status/1650921887512272917?s=20 
52:45 SBF Parents
https://www.courtlistener.com/docket/66631291/133/united-states-v-bankman-fried/ 
54:30 Lens Bonsai Layer 3
https://twitter.com/lensprotocol/status/1651270830729592832 
55:05 DevConnect Istanbul
https://twitter.com/EFDevconnect/status/1649069463797481472 
55:45 Mad Lads
https://twitter.com/Pinapaan/status/1651413751378354176?s=20 
57:30 MiCA Going Through
https://twitter.com/paddi_hansen/status/1649070968579452933?s=20 
59:53 TransUnion DeFi Credit Score
https://newsroom.transunion.com/transunion-spring-labs-and-quadrata-partner-to-deliver-credit-scoring-to-blockchain/ 
1:00:45 Phi Bankless
https://twitter.com/phi_xyz/status/1650801856329949184 
1:02:10 Swell Maine
https://twitter.com/swellnetworkio/status/1650672099382685698?s=46 

1:02:50 Jobs
https://pallet.xyz/list/bankless/jobs 

1:06:20 Questions from the Nation
https://www.bankless.com/join?utm_source=YouTube&utm_medium=Intro&utm_campaign=Intro_CTA1 

1:12:00 Chamath Says Crypto is Dead
https://youtu.be/WvTTDxMuAis?t=4870 
1:15:50 Running an ETH Node
https://twitter.com/EthereumOnARM/status/1650805006872768512 
18:30 AGI Alignment
https://twitter.com/TrustlessState/status/1651538022360285187?s=20 

1:22:45 What David’s Bullish On
1:24:40 What Ryan’s Bullish On

1:29:00 MEME of the Week
 

----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures 

On today's episode, we welcome Marceau and Ken Smith, two Rocketpool community members to share everything you need to know about Rocketpool, staking, and the bull case for Rocketpool, ETH, & RPL.

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ConsenSys | Mint a Merge NFT!
https://bankless.cc/themerge 

------
SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 
️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------
BANKLESS SPONSOR TOOLS:

ROCKET POOL | ETH STAKING
https://bankless.cc/RocketPool 

️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across 

BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave 

MAKER DAO | DECENTRALIZED LENDING
https://bankless.cc/MakerDAO 

LEDGER | SECURE STAKING
https://bankless.cc/Ledger 

-----
Timestamps:

0:00 Intro
4:40 Guest Relationship to Rocketpool
5:45 What is Rocketpool
7:36 Rocketpool's Value Prop
9:45 Two-sided Marketplace
13:20 Rocketpool's Community
16:20 The Bull Case for Rocketpool
19:50 rETH
25:20 rETH Yield
26:30 Protocol Risk
31:05 Rebasing
38:26 Running a Rocketpool Node
43:45 Rocketpool Critiques
51:48 Institutions
57:20 Single Node Operators
59:45 Pools
1:06:00 $RPL Explained
1:10:15 $RPL Critiques
1:16:00 $RPL Bull Case
1:24:40 Closing

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Resources:

Marceau
https://mobile.twitter.com/marceaueth 

Ken Smith
https://mobile.twitter.com/shtimseht 

Rocketpool
https://rocketpool.net/ 

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. 

Rocket Pool is live on mainnet! Slowly rolling out its staking pools, Rocket Pool is opening up its decentralized ETH staking product to the world. Core team members Darren Langley and Dave Rugendyke join to talk about the past, present, and future of the protocol.

Rocket Pool allows ETH holders to stake without needing to run a full node, which requires hardware, maintenance, and 32 ETH. Abstracting away those requirements helps to decentralize Ethereum's Proof-of-Stake, which is expected to arrive with the merge in the first half of 2022.

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📣 OPOLIS | YOUR CRYPTO CAREER
https://bankless.cc/Opolis 

------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------
BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR
https://bankless.cc/Matcha 

🔐 LEDGER | SECURE YOUR ASSETS
https://bankless.cc/Ledger 

🧙‍♀️ ALCHEMIX | SELF-PAYING LOANS
http://bankless.cc/Alchemix 

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TOPICS COVERED:

0:00 Intro
7:00 Launching Rocket Pool
15:50 How We Got Here
23:38 Why Decentralized Staking?
28:37 What the Numbers Say
34:38 A Public Good
39:40 The Community
47:11 Centralization Risks?
49:25 rETH
56:04 Democratizing ETH Staking
1:02:39 DeFi Integrations
1:06:30 MEV
1:14:25 Operating a Node & ODAO
1:22:02 RPL Token & Incentives
1:32:02 What's Next?
1:38:20 Closing & Disclaimers

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RESOURCES:

Darren on Twitter:
https://twitter.com/langerstwit?s=20 

Rocket Pool:
https://rocketpool.net/ 

Node Map:
https://stake.rocketpool.net/network 

RPL Investment Thesis: https://www.reddit.com/r/ethfinance/comments/m3pug8/the_rocket_pool_investment_thesis/ 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

For this particular State of the Nation, the video is very helpful. Especially when we discuss the calculator and staking returns:

📺 WATCH: https://youtu.be/FkxrTXCRUOo
_________

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✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI

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🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

👕 BUY BANKLESS TEE: https://merch.banklesshq.com/

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📢 DEFI BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT

http://bankless.cc/filecoinapply

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GO BANKLESS WITH THESE SPONSOR TOOLS: 

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SotN#22: BONDING! w/ @StakeETH (ETH Internet Bond Market, Staking Returns, ETH Needed to Retire?)

The Internet Bond: https://bankless.substack.com/p/eth-the-internet-bond

Whitepaper: https://drive.google.com/file/d/13-s15SvCIUBukhSZiNkpd0sTff3izQ5G/view

Calculator: https://docs.google.com/spreadsheets/d/1LTv8c-9nfq225bV-esv-JXmb0K-nM_z6qbmVooTAUUo/edit?ts=5f730135#gid=13834492

Ryan's: 7 Lessons for Crypto Pioneers

https://bankless.substack.com/p/7-lessons-for-crypto-pioneers-market

Bankless Guide: How to Become a Validator

https://bankless.substack.com/p/-guide-how-to-become-a-validator

CodeFi, Collins project!

https://activate.codefi.network/

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Don't stop at the video!

Subscribe to the Bankless newsletter program

http://bankless.substack.com/

Visit the official Bankless website for resources

http://banklesshq.com/

Follow Bankless on Twitter

https://twitter.com/BanklessHQ

Follow Ryan on Twitter

https://twitter.com/ryansadams

Follow David on Twitter

https://twitter.com/TrustlessState

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

 

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.