DeFi has long promised a crypto revolution, a financial system by the people, for the people, replacing traditional banking. So let’s just get real. It’s disappointing because too often it feels like the same old power structures trying to add a new, blockchain-flavored mask. But are we actually decentralizing, or...
Lido's proposal to give stETH holders veto power – dubbed LIP-28 – is getting a lot of buzz, and understandably so. On the surface, this seems like a positive move towards advocating more decentralization. The crypto holy grail. Not so fast. Let’s pump the brakes, step back and look at...
Lido's proposing a power shift, LIP-28. Providing stETH holders a larger say, a veto at that. Sounds good, right? Decentralization, user empowerment, all the buzzwords. Wait, before we pop the bubbly let’s discuss risk. I’m not mainstreaming the criticism, nor am I defending it. Things are rarely black and white.Good...
