• How can Ethereum mitigate the risk of Lido centralization? It's too late and unnecessary

    Members of the Ethereum community have long been concerned that Lido's dominant position is the root cause of network centralization, and many people take it for granted that Lido's continued accumulation of market share poses a systemic risk to Ethereum's consensus.Due to less than one-third of ETHs being pledged through Lido, this agreement violates the first of three key consensus thresholds, which may result in a worrying centralization vector as Lido can prevent Ethereum from finalizing without the need to hook up with other verification entities!Ultimately, Lido's market share may exceed 50%

    2023-10-11