Leverage, Restaking, and Ethereum ETF Demand | Roundup

Bell Curve

In this week's roundup the team checks in on booming Bitcoin ETF inflows versus declining gold ETF interest. Debating the likelihood and demand dynamics of an Ethereum spot ETF launch, they analyze whether restaking poses leverage risks and how to value Eigenlayer's opportunity. They then shift gears and discuss Starkware’s critiqued token distribution. Stick around for all of this and much more!

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Wormhole is a decentralized interoperability platform powering multi-chain applications and bridges. It provides developers with access to liquidity and users on over 30 leading blockchain networks, enabling use cases in DeFi, data queries, and governance. The platform is trusted by teams like Uniswap and Circle and, to date, the platform has facilitated the transfer of over 35 billion dollars through over 850 million cross-chain messages.

Claim your unique Wormhole NFT at

https://wormhole.com/bellcurve5-4923

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Restaking is the biggest shift in Ethereum's staking landscape yet, and Swell is leading the charge with Liquid restaking token, rswETH.

Restake your ETH with Swell to earn Pearls, EigenLayer points, and future restaking rewards — while still being able to participate in DeFi.

Restake now: app.swellnetwork.io

Follow Swell: https://twitter.com/swellnetworkio

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Flood is the optimal DEX aggregator, giving users and developers the mathematically proven best price.

Flood is built from the ground up for speed and efficiency, MEV free and redistributes all trading surplus to users, meaning you can earn money while doing your regular swapping.

Join Flood tide campaign!

https://flood.bid/bell-curve

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Timestamps

(0:00) Introduction

(2:56) Thoughts on Farcaster

(4:50) Bitcoin ETF Flows

(18:09) Demand for a Spot ETH ETF

(30:26) Is Restaking Leverage?

(48:26) Wormhole Ad

(49:01) Swell Ad

(50:14) Flood Ad

(51:13) Valuing Eigen Layer & Revenues

(1:07:06) Starkware Airdrop

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Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.tt and our guests may hold positions in the companies, funds, or projects discussed.