[ad_1] Proof-of-stake protocols were designed to encourage users to lock up their coins, but synthetic assets are circumventing that design to allow double-dipping in DeFi. One of Forbes’ 30 Under 30 in Asia, Tushar Aggarwal wears many hats: He started the crypto podcast Decrypt Asia, works as a venture scout with LuneX Ventures, and runs Persistence, a platform that lets users earn liquidity rewards while they stake coins. Aggarwal’s platform issues synthetic assets, perhaps better understood as “redemption coupons,” for staked coins that can be used elsewhere to maximize returns.…
Read MoreTushar Aggarwal on double dipping in DeFi – Cointelegraph Magazine
