Lido and Ethereum upgrade
Unpacking Lido’s centralization concerns
Lido passing 1/3 is a centralization attack on PoS.
We’re bad at assessing tail risk, but staking in Lido at these thresholds has a lot of it.
In blockchain systems, tail risk isn’t even necessarily so far fetch. Systems tend to hit edge cases, systems tend to get exploited 1/2
— dannyryan 🧱🔥 (@dannyryan) May 10, 2022
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