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.Aggarwals platform issues synthetic assets, perhaps better understood as redemption coupons, for staked coins that can be used elsewhere to maximize returns. This method is relevant for proof-of-stake coins, which are not machine-mined but accumulate to those who lock their tokens away from circulation. Persistence allows these staked coins to be used regardless.Originally from India, Aggarwal believes that cryptocurrency holds great things in store for the nation on both the GDP and individual worker levels. H
Regulators Warn Banks to End Business with PayPal!
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