Lido Finance, a third-party staking pool operator for Ethereum (ETH) 2.0, is under fire from the community for what is called an “unwavering commitment to being a monopoly” that accusers say damages Ethereum’s status as a decentralized blockchain. However, the operator says it aims to fix this.
The latest attack on the dominant staking pool was shared on Twitter by Ryan Berckmans, an Ethereum investor and popular community member, who also said that Lido is causing “extensive and long-lasting” damage to Ethereum.
“Already our opponents are citing Lido as another reason that [ethereum's] [proof-of-stake – PoS] is unreliable,” Berckmans further said, while suggesting “an open fork of Lido” as a better way forward."
The accusations were partly addressed by Lido in a blog post published last week, saying Lido lets users control their own staked ETH rather than putting it in custodial solutions. It added that it has 21 providers who each have less than 2% of the total staked ETH, and said the goal is to reduce the share controlled by each provider further.
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