The Economics of Liquid Staking Derivatives: Basis Determinants and Price Discovery
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DOI: 10.1002/fut.22556
Abstract: This paper provides a first economic analysis of liquid staking tokens, which are derivatives representing a share of staked tokens in Proof‐of‐Stake blockchains. We document substantial time‐variation in the “liquid staking basis” as given by… read more here.
Keywords: liquid staking; economics; price discovery; basis ... See more keywords