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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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Thomas
@aviationdoctor.eth
Great topic. IMHO: 1 is a pipe dream 2 is the next best thing after 3. 3 (protocol-level MEV smoothing) would reduce some but not enough of the LST appeal (simplicity over solo staking). 4 hell no, I care about credible neutrality And I would add: 5 Forster innovative competition in the LST space to eat Lido’s lunch
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dy
@dy
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
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Emmanuel🦉⌐◨-◨🎩🍥
@emmanuel
> Vampire by offering real incentives to exchange stETH. More reasonable, give stakers increased ROA via extra tokens like UNI, USDC, etc. > Accept the market decision, and compel Lido to truly decentralize via governance or social slashing. Ethereum has no governance. Forced social slashing is neo-fascist.
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Danny
@mad-scientist
There is another option. Lido has no direct power. The power (mostly to censor) lies with the node operators, which are some of the best and values aligned teams. Lido needs to form a mechanism that will prevent it from taking existing staked ETH/profit away from operators, unless they underperform. This will 1/2
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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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