How to mitigate liquid staking derivatives threatening Ethereum's decentralization

21 Nov 2023 • 37 min • EN
37 min
00:00
37:01
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Superphiz is a long-time Ethereum community member and a became a vocal advocate for staking decentralization following the Ethereum 'Merge' to a proof-of-stake consensus mechanism last year. In this episode of The Scoop, Superphiz unpacks how Ethereum's merge to proof-of-stake has caused liquid staking derivatives to pose a potential threat to Ethereum's credible neutrality, as well as the best pathways to mitigate the potential for staking centralization. OUTLINE: 00:00 - Introduction 2:55 - Success of ‘The Merge’ 5:28 - Ethereum Centralization Concerns 13:34 - Lido’s LSD Dominance 20:54 - Scaling Ethereum 25:33 - New Use Cases 27:37 - Closing Thoughts This episode is brought to you by our sponsor PayPal. Make your crypto move with PayPal. Get started today at PayPal.com/crypto

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