How Ethereum Stakers on Lido Finance Are Trading the Merge

Some of the largest fortunes in crypto have been made through arbitrage plays. Some of them were lying in plain sight but too difficult to execute; others were hidden.

Think of Arthur Hayes or Sam Bankman-Fried. Arbitrage was exactly how they were able to bankroll the launch of their respective exchanges. After that, though, the two founders’ trajectories have taken pretty different turns. The former pleaded…