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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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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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Q🎩
@qsteak.eth
What about Lido governance? Buy enough LDO and vote it.
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Emmanuel🦉⌐◨-◨🎩🍥
@emmanuel
If by ‘vote it’ you mean: - voting for self-limitation, that assumes that the Lido constitution(if one exists) permits such proposals to be made. - Lido governance == Ethereum governance, then this assumes that Lido control over 51% of active stake with support from the hegemons like Coinbase, Circle, Infura etc.
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Q🎩
@qsteak.eth
So Lido has three ways to stake. - Permissioned Lido validators (stETH) - DVT (squad staking) WIP - Permissionless validators a la rETH, WIP If you controlled Lido you could just set the stake weight such that the first cannot control the whole. Doesn’t limit just reorganizes.
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Emmanuel🦉⌐◨-◨🎩🍥
@emmanuel
Sure, if the Lido system doesn’t have strict governance policies against passing such proposals. The question is, what does the current Lido system recognise as the de jure government(mechanically and socioeconomically): the Lido DAO or Lido Finance? The answer to that is who controls Lido.
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