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Evan
@evanvanness
Lido is a systemic risk to ETH https://podcasters.spotify.com/pod/dashboard/analytics
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Q🎩
@qsteak.eth
Which EIP do you support to enshrine liquid staking?
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Ayush
@ayushm.eth
Can you state some of them? Quick search didn't lead to anything
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Q🎩
@qsteak.eth
That was kind of the point. If limiting single actor stake is that critical, there should be an enshrined solution. If it is a systemic risk, the system should defend itself. It’s silly to ask a business to not make money.
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Evan
@evanvanness
I'm looking forward to uber ultrasound money when we soft fork out the lido attackers
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Q🎩
@qsteak.eth
An interesting question we laugh at Gary for. What is sufficiently decentralized? If Lido does permissionless validators & DVT, is that good? What is the balance of 30 permissioned, XX permissionless solos, XX squads that is safe and doesn’t chill innovation from builders worried about being shut down for success.
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MinimalGravitas
@minimalgravitas
The number of operators is a red herring, it's the binary distinction between permissioned/permissionless that matters. Lido DAO decides who can run their validators, and in almost every decision the top 2 or 3 holders have controlled > 50% of the vote. https://gov.optimism.io/t/draft-gf-phase-1-proposal-lido/2752/5
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Q🎩
@qsteak.eth
Iirc they are releasing (not yet) products for both solo and squad permissionless validation. Obv planned is not enough. Once released and adopted is there a threshold of vote% that is ok, or are you saying if any portion is permissioned it’s a no go?
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MinimalGravitas
@minimalgravitas
Good question. In my opinion you'd have to treat the two buckets as separate, if the amount in the permissioned bucket (i.e. the one that exists now) drops below say 22% of the total staked ether then they can have as much as they like in the permissionless bucket. I guess there would still be smart contract risk tho.
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