Lido|Jan 19, 2026 13:53
"More projects should explicitly think about not just a "business model" - how they bring in resources to support the work that they are doing - but also a "decentralization model" - how they avoid concentrating power in themselves, and the risks associated with having such power."
"[...] In Ethereum, one good example of this is the decentralized staking pool Lido. Lido has about 24% of the total ETH staked supply today, but people are much less scared of it than of they would be of almost anything else having 24% of the stake. This is because Lido is not a single actor: it is an internally decentralized DAO with several dozen operators, and a "dual governance" design that gives staked ETH holders the ability to veto decisions."
- 'Balance of Power' by @VitalikButerin(Lido)
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