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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
Divastaking is a brand new liquid staking protocol. They are accepting stETH deposits which continue accruing rewards, but will convert to divETH when Diva’s mainnet launch happens. Basically a vampire on Lido. Proceed with caution though it’s days old haven’t used myself :)
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Hexidethmal 🟪
@hexidethmal
It’s cool to see a 🧛🏻♂️ being tried against Lifo though! Excited to see how it pans out.
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