Institutionalized Regulated Staking
How would I evaluate the opportunity and defensibility of regulated staking for DePIN?
The customer are those holders, likely large institutional holders, of DePIN tokens, where they want to go long (either because of lockups or because of their portfolio strategy) and they want to generate yield.
We have seen that yield expectations are almost required in inflationary networks like Ethereum, where there's an ongoing tax based on issuance that at minimum must be offset by staking.