As it stands now, Lido absolutely controls the Ethereum staking space. Second, it now teeters on the edge of a potentially historic and certainly revolutionary change in its governance structure. The protocol is currently in the process of launching a new dual governance upgrade. This upgrade will rebalance decision-making power...
Okay, let's talk about power. In DeFi, the power is concentrated in the hands of the few, very few. The whales, the early adopters, and the LDO token hoarders are running the show. What if I told you that’s beginning to change? Lido's LIP-28, their governance upgrade proposal, is shaking...
Those challenges have Lido Finance — a key player in the Ethereum staking landscape — charting a different course in decentralized governance. Through its democratizing protocol, the native cryptocurrency of the protocol, Lido Protocol, has heard a major proposal, LIP-28, that would reshape its power balance—perhaps profoundly—on this path. This...
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...
