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With the money he got from the Apple Computers investment, Forrest spent them on renovating the church he frequents and establishing a medical center at Bubba’s hometown. He would later travel to the People’s Republic of China during the Table Tennis Diplomacy period. When he returns in 1971, he was a national hero, “famouser than even Captain Kangaroo ” and was invited by Dick Cavett to appear on The Dick Cavett Show. John Lennon was also a guest on the show at the time and hearing Forrest talk about the Chinese having “no possessions” and “no religion too”, inspired him to write the song “Imagine”. As Forrest reaches the end of the jungle and encounters a lake, he realizes that he left Bubba behind, when he whips around and starts sprinting towards the torn, bullet-hole riddled jungle.
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However, historically, RocketPool struggled to attract sufficient node operators to stake ETH from depositors, causing its LST market price to de-peg upwards. RocketPool requires node operators to deposit collateral of 16 ETH to 8 ETH to run a validator, compared to the standard 32 ETH, while Stader protocol lowers this threshold to 4 ETH. This reduced collateral requirement decreases Ethereum’s economic security threshold to 11% and 4.13%, respectively.
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It operates through 29 node operators who collectively manage approximately 276,000 validators—an average of 9,500 validators (1.07% of total staked ETH) per Lido node operator. In contrast, RocketPool, with 3,088 node operators, demonstrates a significantly more decentralized structure, with each operator managing an average of eight validators. The more capital-efficient leveraging method applies flash loans. In this strategy, presented in Algorithm 6 a flash loan is used to purchase LSTs, lock them as collateral in a lending protocol, borrow ETH, and repay the loan. According to emirical research, most LST leveraging strategies gained higher returns compared to native staking 48.However, the DeFi leverage is exposed to liquidation risks 44, 45, 46.
Currently, Ondo Finance offers US Dollar Yield coin (USDY) and Ondo Short-Term US Government Treasuries (OUSG). Before diving into these two products, let’s first highlight their three key features. Consequently, this asset class could represent a more attractive option for investors compared to stablecoins, in terms of asset stability, utility, and flexibility. According to Artemis, the total supply of stablecoins has risen dramatically from $27 billion in 2021 to about $160 billion today, with monthly onchain trading volumes approaching an average of $2.2 trillion. Deposit, trade and withdraw without your assets ever leaving Ethereum Mainnet. The risks inherent in LST-based DeFi, particularly in scenarios where LST de-pegs result in liquidations 56, are becoming increasingly prominent in the literature and are discussed in Section VII.
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Ultra-low latency matching engine processes orders in milliseconds, enabling deep liquidity and competitive spreads without the bottlenecks of onchain execution. Ethereum is the origin and future of decentralized finance — and the ultimate hub for composability. This section discusses the architecture of major Liquid Staking Protocols (LSPs). The selected protocols were chosen based on the value of staked ETH 10 and represent all previously described mechanisms.
