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182 - In Defense of Lido, w/ Hasu
Bankless
The Relationship Between LIDO Governance and the State Ethereum in Its Node Operators
The DAO makes money in perpetuity if the network is healthy, and that's basically suicide for the DAO. If one staking entity passes certain thresholds of protocol control, then all of a sudden, the governance of that entity becomes very important. Not too long ago, we had this Ethereum non-finality event, which was a couple of client bugs. And if one staking operating entity had 33%, they would be able to induce this if they so chose.
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