.LidoFinance's liquid staking protocol now commands a whopping 1/3 share of total ETH staked on the Ethereum Beacon Chain. Is this a problem for the future of decentralization on Ethereum? reports.
By controlling a significant chunk of staked ether and assuming more than, Lido’s centralization issue increases the risk of undesirable events such as validator slashing, governance attacks and smart contract exploits.
On the other hand, in the lead-up to Ethereum’s decision to switch to proof-of-stake, there were concerns that centralized exchanges such as Coinbase would take over the lion’s share of staking pools. Lido was in itself created as an alternative to these centralized juggernauts. That it has outpaced Coinbase, Kraken and Binance could be seen as an encouraging sign that the ecosystem will be able to maintain a measure of decentralization in the future.
France Dernières Nouvelles, France Actualités
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