The Daily Gwei

Independent Ethereum educator, angel investor and advisor. 

Founder of /thedailygwei.

@sassal.eth I find myself a bit confused by all these LRT protocols. Some are saying they are going to help reduce Lido dominance. Is that true? If they are going to exit and restate those LSTs, what are the odds they have a more distributed validator set than Lido? Is Rocketpool doing anything in this area?

Many of them are going to use the stETH they have to withdraw ETH from Lido then stake it again as part of their own systems which should get them a more distributed validator set than Lido.

Rocket Pool has plans too:

Ok so I did understand correctly. I really wish Rocketpool was ready to welcome these protocols with some sort of protocol to protocol business model but that proposal seems to be slightly lagging the pace at which Eigrnlayer, etherfi , Renzo, puffer etc have gobbled up stETH etc. Are you still bullish Rocketpool?

Many of them are going to use the stETH they have to withdraw ETH from Lido then stake it again as part of their own systems which should get them a more distributed validator set than Lido.

Rocket Pool has plans too: https://mirror.xyz/jasperthefriendlyghost.eth/Xv7lLt8SVTfCaFnVie50IvvFrI4-TkQTgZcxb_omEnA