The Rise and Fall of Lido

I see a very similar arc playing out here. I think we're going to hear all these concerns around the amount of human involvement that is required in order to actually curate, which who is allowed to use eigenlayer to restake. And as the winners emerge, networks will demand them to evolve their governance and basically their protocols designed to reduce human involvement. The last thing that I want to touch on here is a little bit less of a theme, but thus far we've been talking quite a bit about Lido. But there are other competitors in the liquid staking market, which have been pretty successful at stealing market share.

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