| Protocol | What to Learn |
|---|---|
| **Lido (stETH)** | Liquid staking receipt token design |
| **Curve (veCRV)** | Vote-escrowed yield + governance |
| **Hyperliquid** | Token buybacks from real protocol revenue |
| **BOB Protocol** | Bitcoin DeFi infrastructure token balance |
| **Babylon Protocol** | Bitcoin staking for PoS security (native BTC yield) |