Manage episode 331547121 series 3321692
"With 'The Merge' coming, up to 64 million total ETH will be available to be staked and become activated within one year. Lido’s size and network effect gives them a major advantage in absorbing this potential inflow as well."
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Today we're diving into the Lido centralization debate, a risk factor to PoS Ethereum. Lido is a staking protocol that lets people with less than 32 ETH to stake under one of Lido's node. In return for your Eth, you also get their derivative token - stETH, which can be used in a variety of DeFi use cases. Lido control ~25% of Ethereum PoS nodes - is this a risk to Ethereum consensus? Let's give this article by suresats.com a read.
For the full article: https://www.suresats.com/post/ethereum-s-centralization-dilemma-through-lido-staking