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Q🎩
@qsteak.eth
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.
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Hexidethmal 🟪
@hexidethmal
1-10 EZ2Hard: 1)10 - Already answered via governance vote 2)5 - Happening now and has been somewhat successfully done against other protocols in past 3)10 today 3 Later - Not too difficult if there is clear great need, but too difficult before then 4)9 - b/c don’t even know definition of decentralized here
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Hexidethmal 🟪
@hexidethmal
Kinda want to make that 5 into a 6 tho
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Q🎩
@qsteak.eth
Heck yah. Are there products out there now that are specifically targeting stETH for conversion? Maybe it just cost too much to put your money where your mouth is (Royal you), but where’s the 100’s% yield that we’re being magically produced during DiFi summer? I wasn’t there so…
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Hexidethmal 🟪
@hexidethmal
The absurd yield was mostly unsustainable token inflation backed by unsustainable VC funding of an unsustainable amount of protocols. Don’t worry I’m sure it will be back next bull, along with the associated risk😂
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Q🎩
@qsteak.eth
Oh I get that. I’m saying, where’s all that to defend Ethereum?
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