Why did this IIT-IIM dude get into Liquid Staking? ft. Amitej Gajjala from Stader

LSDs are quite popular in crypto. Wait, not that weird drug devs take to stay up all night. We’re talking about liquid staking derivatives. One company that’s doing a 🔥 job with LSDs across proof-of-stake blockchains is Stader Labs.

In this episode of the Web3 Normies podcast, Raghu and Prash talk to Amitej Gajjala, the Founder of Stader Labs.

They talk about:

• How Amitej went from IIT – IIM – Swiggy – Staking cryptos?

• Is staking meant to secure the network or earn passive income or both?

• What’s the learning curve for a web2 engineer to transition into a web3 developer?

Brought to you by Doodhwala. 🥛

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Subscribe to Prashanth's Substack: https://prashanthswaminathan.substack.com/

Listen to the show on YouTube: https://www.youtube.com/channel/UC8CfRrJWnPEREXhxtxuiZbw

Timestamps:

0:00- 8:18- Amitej's Story of Web3

8:19- 12:24- Amitej's view on Staking 

12:31- 19:22- What is LST? 

19:39-25:34- How does the PEG get affected & role of ETH 

26:33-28:11- How big is his team, How does he hire?

28:14-30:22- His views on $ to % ratio of ETH 

30:25- 36:54- What about his competition in the markets? 

36:56 - 38:30- Will there be bonding of Stader Tokens 

38:38- 40:54- What is the future of Stader? 

41:10- 49:02- What worked after Terra?

49:05-50:11- What are his plans for India? 

50:57-53:54- His thoughts on Restaking 

54:10-56:11- Parting thoughts