Lido lays low

2022, Oct 26    

Now that we are living in a Post-Merge world for the Ethereum blockchain (yah, no more toxic proof of work!) the question arises about the potential choke point on the market held by Lido, the staking protocol.

And good grief, 30% of the entire staking market is pretty significant. If we’re not careful it will start to approach the OFAC censoring validator status.