The Infinite-LST Future w/ FP Lee (Sanctum)

In this episode, Austin chats with FP Lee (Sanctum) about the liquid staking landscape on Solana. They discuss the architectural differences between staking on Solana and other blockchains, such as Ethereum, and how seemingly trivial implementation details have profound downstream implications for builders. FP breaks down Sanctum's product suite and the full range of LSTs that the ecosystem currently utilizes - Validator LSTs, Project-based LSTs, Individual LSTs, No-Loss Lottery LSTs, and more. They also reflect on the potential issues of liquidity during market downturns and the extent to which blockchain foundations should play an interventionist role.
0:00 - History of liquid staking on both Ethereum and Solana
4:56 - Architectural differences of liquid staking on Solana vs. Ethereum
7:59 - Downstream effects of Solana's staking implementation
11:03 - Sanctum's fee modeling
17:44 - Why most SOL should be liquid staked
21:21 - Sanctum's full product suite
24:42 - Infinity - a basket of LSTs
26:38 - Why do people trade different LSTs?
27:39 - Single validated LSTs
30:45 - Project-based LSTs
32:18 - Individual LSTs
35:57 - Role of LSTs in a "SOL economy"
42:08 - Rethinking the potential role of blockchain foundations during times of market crisis
48:31 - What's coming next for Sanctum
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Solana Foundation Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.

[@hyksos999]

Validated!

[@oscarsmusiccover14]

Amazing project 👌 👏 😍

[@AhmadS-nm8ky]

great project

[@ownitaddict]

what code was sanctum written in

[@GaryCindyAudie]

Any one got info as to why create a profile on sanctum

[@Digitaldgen-yi3qk]

Im in the top 5k on the leader board best position I've ever had for an airdrop

[@qwillerr]

why the fuck did you guys hack an animal sanctuary????