
LSDfi and Rehypothecation: Opportunities and Risk Models
LSDfi (Liquid Staking Derivatives Finance) is a growing sector in DeFi, built on top of liquid staking tokens like stETH, rETH, or osETH. These tokens represent staked ETH while still being tradeable and usable in DeFi. LSDfi protocols allow users to deposit these tokens to earn additional yield, borrow against