Is Liquid Staking the next crypto "subprime" crisis?
MERGE Talks #5 | Paco Ducha
23.04.2026
What happens when you stake a token that is already staked? In episode #5 of MERGE Talks, we analyze whether the Liquid Staking fever and the creation of layer upon layer in DeFi are building a house of cards similar to the 2008 financial crisis.
We sat down with Paco Ducha, co-founder of Stakely (the number one staking infrastructure provider in Spain), to separate the wheat from the chaff. If you want to stop chasing unrealistic yields and understand the market the way institutional players do, this episode is for you.
In this chapter, you will discover where your yield really comes from, the dangers of "bad MEV", why networks like Solana suffer from outages, and whether the Layer 2 (L2) narrative's days are numbered now that operating on Ethereum is so cheap.
We sat down with Paco Ducha, co-founder of Stakely (the number one staking infrastructure provider in Spain), to separate the wheat from the chaff. If you want to stop chasing unrealistic yields and understand the market the way institutional players do, this episode is for you.
In this chapter, you will discover where your yield really comes from, the dangers of "bad MEV", why networks like Solana suffer from outages, and whether the Layer 2 (L2) narrative's days are numbered now that operating on Ethereum is so cheap.