---
tags: Collateral Call
---

# Collateral Call Summary - Episode #25
January 27th, 2021

## Agenda

- [00:00](https://youtu.be/wZWmh3FLaZY?t=0): Intro with Juan Guillén
- [00:43](https://youtu.be/wZWmh3FLaZY?t=43): Lido with Vasily Shapovalov. Q&A interspersed throughout the presentation
- [46:25](https://youtu.be/wZWmh3FLaZY?t=2785): Closing comment

## Video

<https://youtu.be/wZWmh3FLaZY>

## Introduction

### Juan Guillén

#### Agenda and Preamble
[00:00](https://youtu.be/wZWmh3FLaZY?t=0)

- Welcome to another MakerDAO Collateral Call. We are very happy to have Vasily from Lido with us. He's going to walk us through the project, how it works.
- And then we're going to discuss in more detail the MIP 6 Collateral Application for stETH.
- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## Lido

- [[stETH] - MIP6 Collateral Onboarding](https://forum.makerdao.com/t/steth-mip6-collateral-onboarding/5762)

### Vasily Shapovalov

#### Presentation
[00:43](https://youtu.be/wZWmh3FLaZY?t=43)







>[5:42 -- Juan Guillén: Let's say I give you 1 ETH and everybody gives you -- you make a node of 32, but I want to unstake my 1 ETH. How do you solve that problem from your end?](https://youtu.be/wZWmh3FLaZY?t=339)

>[8:35 -- Juan Guillén: I'm curious about the validators part. Are you running the nodes yourself or is it someone else?](https://youtu.be/wZWmh3FLaZY?t=515)



> [11:57 -- Juan Guillén: What's the staking rewards fee?](https://youtu.be/wZWmh3FLaZY?t=717)




>[21:35 -- Payton Rose: How are the stake rewards distributed to the people that provide...?](https://youtu.be/wZWmh3FLaZY?t=1295)

>[23:16 -- Frank Cruz: With regards to delegating your ether, do you get to pick the validators or is that algorithmically chosen?](https://youtu.be/wZWmh3FLaZY?t=1396)

>[23:43 -- Frank Cruz: I saw in one of your slides that you mentioned that you were going to be offering staking services in different blockchains. Does that pertain to Polkadot, Solana, et cetera?](https://youtu.be/wZWmh3FLaZY?t=1483)

>[26:11 -- Frank Cruz: Let's say I mind 100 stETH and then I take a loan note on AAVE. Market drops; eth gets cut in half. I get liquidated by AAVE. How does that affect my original eth in the your protocol?](https://youtu.be/wZWmh3FLaZY?t=1571)

>[29:23 -- Juan Guillén: Let's say I put 10 ETH; you give me 10 stETH. Then my ETH goes to a validator. Let's say my ETH is on validator A and that validator does something wrong. Would my ETH get slashed? Because I'm on validator A would I get slashed and someone that stacked on validator B would not? Or are we all part of a pool and everything is distributed accordingly?](https://youtu.be/wZWmh3FLaZY?t=1763)

>[31:10 -- Juan Guillén: Do you do KYC?](https://youtu.be/wZWmh3FLaZY?t=1870)



> [36:19 -- Tim Black: One of the incentives to deposit it into the Curve pool is that it also farms Lido governance tokens? Did I catch that right?](https://youtu.be/wZWmh3FLaZY?t=2179)
> [42:17 -- Tim Black: Are there other liquidity sources other than Curve?](https://youtu.be/wZWmh3FLaZY?t=2537)

## Closing Comment

### Juan Guillén

#### Outro
[46:25](https://youtu.be/wZWmh3FLaZY?t=2785)

- Thank you very much, Vasily. It was great having you. [Where can people find more about you and Lido Finance? (46:31)](https://youtu.be/wZWmh3FLaZY?t=2791) Next week we'll have the REINNO team. Natalia and her team are going to be joining us for RWA collateral onboarding.

## Credits

- @blimpa produced this summary.