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Increasing dominance of staking plafroms in the ethereum blockchain

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by COINS NEWS 48 Views

as you know for staking in ethereum every user needs at least 32 eth. projects like “Lido”, “rocket pool” solved this problem and you can stake any amount in their dapp .tnx to them ethereum network became more secure but this security comes with risking decentralisation

The "Lido Finance" has become the dominant player in the liquid Ethereum staking capturing 32.4% of the market share. $14.117 billion total value locked (LTV) with 8,551,078 ETH delegation and 267,000 validators and scary part is , if they reach 66% network dominance they can decide how to organise TXs within the blockchain, in simpler way it means they can manipulate ethereum network for their benefits.

other staking projects, like rocket pool ,stake wise ,stader labs ,dievstaking taking actions beforehand to this problem by commiting themselves to 22% market share to avoid centralisation.

lido still didnt take action on this .they had a similar proposal back then and their community rejected.imo this could become a big problem if ethereum foundation and community didnt come up with something to limit this plaforms. what is your take on this?https://en.cryptonomist.ch/2023/09/04/liquid-ethereum-crypto-staking-dominated-30-lido/

submitted by /u/mazyar_lp
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