BlackRock’s UNI purchase and other DeFi developments, with Lido and Chaos Labs
Summary
Episode 62 of The Crypto Beat features Lido's Head of Node Operators Will Shannon and Chaos Labs' Head of Vaults Craig Le Riche discussing several key DeFi topics. Central to the conversation is the implication of BlackRock purchasing UNI tokens for the decentralized finance space. Other topics covered include the CFTC's new crypto innovation panel and Aave's proposal to redirect 100% of protocol revenue back to its DAO. A significant portion of the discussion focuses on vault infrastructure, warning that chasing unsustainable yields remains DeFi's most significant pitfall, and covers Chaos Labs' work with Kraken Earn Vaults and Lido V3's role in institutional staking.
(Source:The Block)