Lido Dominance Prompts Warnings About Liquid Staking Derivatives
Lido Finance, the leading decentralized platform for liquid staking ETH, now accounts for about a third of all staked Ethereum. This has raised concerns among some community members who believe that Lido's increasing clout is undermining the decentralized nature of Ethereum. Critics argue that Lido and other liquid staking solutions risk becoming overly centralized and could harm Ethereum's reputation as a decentralized chain.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Lido Dominance Prompts Warnings About Liquid Staking Derivatives
Lido Finance, the leading decentralized platform for liquid staking ETH, now accounts for about a third of all staked Ethereum. This has raised concerns among some community members who believe that Lido's increasing clout is undermining the decentralized nature of Ethereum. Critics argue that Lido and other liquid staking solutions risk becoming overly centralized and could harm Ethereum's reputation as a decentralized chain.