ERC721A received much attention as part of Azuki’s launch as they dramatically reduced batch mint prices (reduction of ~70-90% for batches between 10-100 NFTs). Don’t get me wrong, it was a pretty nifty trick. It sounded like magic. But is it really all that?

This article is a visual overview of the insurance protection behind three popular Liquid Staking Derivative Tokens (LSDs):

Many are familiar with 'staking' - where you deposit tokens and gain a reward for locking your token up. But why are they paying you? It is essential to understand the source of yield.