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Cryptoknowmics 2022-06-24 13:50:05

DeFi Platform Lido Proposes Limit On Ethereum Staking

DeFi platform Lido has proposed a self-limit feature on the platform’s share of staked Ethereum and put forward a governance proposal, asking for users’ votes. Governance Proposal on Limiting Ethereum Staking On Friday, the team behind Lido put up a multi-leg vote system to determine whether or not the platform should limit itself to a share of staked ETH and, if so, how. Should Lido on Ethereum self-limit? A multi-leg vote has been set up to determine whether or not Lido should limit itself to a share of staked ETH and, if so, how. Start: 24.06 / 9AM UTCEnd: 01.07 / 9AM UTC — Lido (@LidoFinance) June 24, 2022 The DeFi platform first wants to establish whether a limit on staking would be desirable, and to what extent the limit should be placed. The move comes after the firm noted that there has been much debate on the topic of limiting Lido’s share of staked ETH from prominent Ethereum developers including Vitalik Buterin. Speculative controversial take: we should legitimize price gouging by top stake pool providers. Like, if a stake pool controls > 15%, it should be accepted and even *expected* for the pool to keep increasing its fee rate until it goes back below 15%. — vitalik.eth (@VitalikButerin) May 14, 2022 Pros and Cons of Limiting ETH Staking In its argument for limiting Ethereum staking, Lido proposed that the saturation of staked Ethereum towa...

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