The Relationship Between LIDO Governance and the State Ethereum in Its Node Operators

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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.

Lido has over 30% ETH staked. Should we be alarmed? Joining us is Hasu to shed some light on this question.

In this wide ranging interview we discuss the State of Staking, the state of Lido, Idealist vs Pragmatics and asking the question - is Lido's reputation unfair?

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0:00 Intro 4:34 Is Lido's Perception Unfair? 9:08 Is Lido Too Big To Fail? 15:57 What Can An Entity Do With 33%? 21:27 TLDR Recap and Overview 24:11 When Does Lido Risk Become Systemic 32:54 Lido Is Not One Entity 36:40 Node Operators vs DAO 41:19 LDO Governance 49:39 Is Lido Forkable? 52:37 The Path To 5,000 Operators 58:46 Distributed Validator Technololgy 1:08:16 Addressing The Critics 1:17:31 The Staking Social Layer 1:24:40 Is Lido Treated Unfairly? 1:26:47 Can We Keep Ethereum Decentralized? 1:30:07 Risks and Disclaimers ----- Resources

Hasu on Twitter: https://twitter.com/hasufl Uncommon Core v2: https://www.ucc2.xyz/ Hasu last on Bankless: https://youtu.be/1qqkoGatPdE

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