Web3 Builders Lido Is A Systemic Risk W/ Danny Ryan
Sep 20, 2023
Danny Ryan, Ethereum Foundation's representative, discusses the risks of Lido to the Ethereum network, including declining popularity of isogenes, challenges of implementing VDFs, finding the ideal number for consensus, centralization issues in Lido, risks of staking with Lido, bottleneck analysis, and reluctance to speak up against centralization concerns.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
Declining Popularity of Isogenes and Challenges in Implementing VDFs in Blockchains
02:22 • 23min
Finding the Ideal Number and the Challenge of Consensus
25:50 • 2min
Centralization Issues in the LIDO System
27:36 • 20min
The Risks of Staking with Lido
47:15 • 5min
Bottleneck Analysis and Real-World Data
52:41 • 6min
Reluctance to Speak Up Against Centralization Concerns and the Potential Impact on the Ethereum Network
58:38 • 3min