Laszlo Szabo, co-founder and CEO of Kiln, joins The Smart Economy Podcast to explore how staking has evolved into institutional infrastructure and how on-chain vaults, DeFi, and tokenized RWAs are beginning to intersect. Szabo explains why staking often grows during bear markets, how institutions approach on-chain yield, and how Kiln’s Railnet initiative is aimed at connecting DeFi protocols with tokenized assets.

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