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Semantics of Staking: Fun and Games (and Balance Sheets) with Staking Tokens

Wed, Nov 15, 2023, 01:10 PM · 24:37

We continue our exploration of the various Principal-Agent problems at play in decentralised systems by shining a light on staking. We provide some thoughts prompted by an exercise in formalising existing constructions with a systematic review. We discuss architectures of liquid staking and re-staking, and everything in-between and beyond.

Barnabé is a research scientist at the Robust Incentives Group. He has published many fundamental pieces on Proposer-Builder Separation and Principal-Agent problems in the Ethereum protocol.