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News Explorer — Has a 'Cartel' Really Taken Over Ethereum Staking?

Generated by AI, curated by humans

Jun 2, 7:03 pm

Decrypt

Has a 'Cartel' Really Taken Over Ethereum Staking?

The Ethereum ecosystem is facing a controversy due to the large presence of one of its staking pools, Lido Finance (LDO). Solutions to the centralization concerns are often inadequate, and the pool currently holds 7 million ETH, worth approximately $13 billion. The Ethereum Foundation has warned of the risks of LSDs, such as block space cartels, MEV extraction, and censorship. Solo staking is difficult and requires technical knowledge, but Dappnode is making it easier with their hardware and open source software.

The Ethereum ecosystem is facing a controversy due to the large presence of one of its staking pools, Lido Finance (LDO). Solutions to the centralization concerns are often inadequate, and the pool currently holds 7 million ETH, worth approximately $13 billion. The Ethereum Foundation has warned of the risks of LSDs, such as block space cartels, MEV extraction, and censorship. Solo staking is difficult and requires technical knowledge, but Dappnode is making it easier with their hardware and open source software.

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