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zeekay abf99d05fc papers: reorganize into per-paper dirs, add Antje Worring as co-author
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Added Antje Worring as co-author on all papers.
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2026-04-18 21:50:07 -07:00

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\section{Related Work}
\label{sec:related}
Liquid staking was pioneered by Lido Finance \cite{lidofinance} on Ethereum, achieving over \$15B in total value locked. Rocket Pool \cite{rocketpool} introduced a decentralized node operator model. Marinade Finance \cite{marinade} adapted liquid staking for Solana's delegated PoS.
The economic implications of liquid staking have been analyzed by Chitra \cite{chitra2022improving}, who shows that MEV redistribution through liquid staking can improve PoS economic security. Neuder et al.\ \cite{neuder2021} examine the centralization risks of dominant liquid staking protocols.
Gauntlet \cite{gauntlet2022} provides dynamic analysis of staking derivatives in lending markets, informing our recommended LTV parameters. The circular leverage analysis follows Buterin's ``recursive staking'' framework \cite{buterin2020recursive}.