
businessFeb 27, 20231:14:42pending
Liquid Staking: The Battle for Liquidity | cbETH, Rocketpool
About this episode
In this episode of Empire, Darren Langley (Rocketpool) and John Zettler (Coinbase) join us to discuss why liquid staking is taking over Ethereum. We start with the LSD landscape, how cbETH and Rocketpool approach product strategy, and Lido's dominance. Then we get into the real fun stuff. Darren and John explain the 2/3rd order effects of the Shanghai upgrade, how to drive on-chain liquidity, the evolving fee market and more. Liquid staking is poised to take over Ethereum - don’t miss out!
- -
Timestamps:
(00:00) Introduction
(01:45) The LSD market overview
(13:34) Rocketpool’s focus on decentralization
(16:44) Lido’s dominance
(19:59) Coinbase’s partnership with Rocketpool
(24:41) Shanghai predictions
(33:55) Blockworks Research
(40:55) A reshuffling of market share?
(46:18) Driving on-chain liquidity
(50:08) Fee markets and multi chain
(57:00) Future outlook
(1:02:44) Regulation
(1:08:48) LSDs on L2s
- -
Follow John: https://twitter.com/JohnZettler
Follow Darren: https://twitter.com/langerstwit
Follow Jason: https://twitter.com/JasonYanowitz
Follow Mike: https://twitter.com/MikeIppolito_
Follow Empire: https://twitter.com/theempirepod
Subscribe on YouTube: https://tinyurl.com/4fdhhb2j
Subscribe on Apple: https://tinyurl.com/mv4frfv7
Subscribe on Spotify: https://tinyurl.com/wbaypprw
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Resources
cbETH
https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/cbeth
Rocket Pool
https://rocketpool.net/
https://twitter.com/Rocket_Pool
Ethereum staking distribution dashboard
https://dune.com/hildobby/eth2-staking
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Get every episode summarized
Each time Empire publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Empire

Robinhood Is Proving Distribution Captures Crypto’s Value | Weekly Roundup
Empire
Sep 4, 20261:09:44completed

Beezie & Collector Crypt CEOs on Why Onchain Collectibles Are Exploding
Empire
Aug 31, 20261:00:16pending

Story vs Valuation, Hyperliquid TAM, Pump’s Problem & Ethena’s Token Reset
Empire
Aug 28, 20261:03:40pending

New SEC Crypto Proposal Could Finally Fix Tokens
Empire
Aug 20, 202655:28pending