Ethereum

Regarding the Lido stake holdings, which of this do you think is actually the biggest lift?
- Convince Lido to self limit. 
- Vampire by offering real incentives to exchange stETH. 
- Implement an enshrined solution. 
- Accept the market decision, and compel Lido to truly decentralize via governance or social slashing.

Don't understand what the issue is with Lido having 33% stake

The code is public

All it does is keep a set of validators and delegate beacon chain ETH to it


There are thousands of validators on Lido

You're simply securitizing staked ETH, which is important for defi

Code is not the issue.

One third of all staked ETH (worth $13B) is controlled by just 30 node operators who are doxxed.

It’s a centralized and permissioned cartel, which defeats the decentralized and permissionless ethos of Ethereum. You cannot join that group even if you wanted to and were technically capable. 1/2

Yes and no. They have 1000s of validators that feed up to 30 Node Operators. IF those NOs colluded with more than 33%, they CAN prevent the chain from finalizing. I guess to hold it hostage?