Lido proposes ‘dual-governance’ to prevent Ethereum centralization
Lido project members are concerned about “cartelization” and have lobbied for changes to the protocol’s governance, which would prevent validators from gaining undue authority and give holders of Lido’s staked ETH token (stETH) veto power over protocol changes. Lido owns 32% of Ethereum’s Beacon chain ETH.
Ethereum’s security will be dependent on users staking their Ether to the network, allowing them to...