BROADCASTS.com

b"Ryan Berckmans, Ethereum investor and community member, and Alexandre Bergeron, Bitcoin investor, discuss Lido\\u2019s dominance as a liquid staking provider, whether that issue can be resolved, and how it could be a centralizing force for Ethereum. Show highlights:\\n what stETH is, what the uses cases are for stETH, and why it is important\\n how Lido had a first-mover advantage and how that kicked off network effects\\n whether the liquid staking derivatives system is one of a \\u201cwinner-take-all\\u201d\\n how much of the staked ETH will be turned into a liquid staking derivative\\n how Lido might have a huge MEV opportunity after the Merge\\n what the proposer-builder separation is\\n whether Lido's dominance will increase over time\\n whether other competitors have been competitive with Lido\\n why Lido is a natural monopoly because of the incentives and MEV opportunities\\n what the implication of Lido\\u2019s monopoly is for Ethereum\\u2019s censorship resistance\\n whether Lido is effectively a single entity despite having multiple node operators\\n whether there could be a long waiting period for becoming a validator after the Merge\\n how Lido is moving its staking derivatives to other chains\\n how Lido\\u2019s new dual-governance proposal works, why it might be useful to decentralize Lido and whether it reduces the power of LDO token holders\\n how Lido\\u2019s centralization is the biggest threat to Ethereum in the long term and what are the possible solutions\\n why Ryan believes the value of ETH comes from its credible neutrality and whether Lido's centralization may jeopardize that\\n whether finding solutions around MEV opportunities is a good way to reduce Lido\\u2019s monopoly\\n whether Lido\\u2019s competitors could form an alliance and build a tokenized basket of their staking derivatives to compete with Lido\\n whether Lido could airdrop the LDO token to all ETH holders to decentralize its governance token\\n \\xa0\\n Thank you to our sponsors! \\xa0\\n Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\\n Ava Labs: https://www.avax.network/\\n Oasis: https://oasisprotocol.org/grant-programs?utm_source=unchained&utm_medium=partnership&utm_campaign=podcast-oasis-grants-program\\n \\xa0\\n Alex:\\xa0 Twitter: https://twitter.com/bergealex4\\n\\n Ryan:\\xa0 Twitter: https://twitter.com/ryanberckmans\\n\\n \\xa0\\n stETH Lido\\u2019s explanation of what stETH is: https://twitter.com/LidoFinance/status/1535184472546889735?s=20&t=oQeB1uj7HG7Y4he-0gbcLg\\n\\n Previous Unchained Coverage: In the Recent Crypto Market Meltdown, What Role Did Lido\\u2019s stETH Play?: https://unchainedpodcast.com/in-the-recent-crypto-market-meltdown-what-role-did-lidos-steth-play-ep-370/\\n\\n \\n Lido\\u2019s Centralization: Alex\\u2019s thread on why ETH is broken: https://twitter.com/bergealex4/status/1410761639226318852?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ\\n\\n Ryan on a liquid staking monopoly: https://twitter.com/ryanberckmans/status/1521179049548300291?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ\\n\\n Ryan\\u2019s proposed solutions: https://twitter.com/ryanberckmans/status/1531731955011579904?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ\\n\\n Is Lido making Ethereum less decentralized?: https://cryptobriefing.com/is-lido-making-ethereum-less-decentralized/\\n\\n LDO token analysis: https://medium.com/general_knowledge/lido-finance-liquid-ethereum-staking-ldo-potential-f5dc3553b8d2\\n\\n Ethereum researcher Danny Ryan\\u2019s take: https://twitter.com/dannyryan/status/1524044527828303872?s=20&t=H4UNoLn7sKQyZx5ll3-Ncw\\n\\n Ryan\\u2019s take on Lido\\u2019s self-limit: https://research.lido.fi/t/should-lido-on-ethereum-be-limited-to-some-fixed-of-stake/2225/9?u=ryanberckmans\\n\\n \\xa0\\n \\xa0\\n Lido\\u2019s Governance Proposals Lido + stETH dual governance: https://research.lido.fi/t/ldo-steth-dual-governance/2382\\n\\n Hasu on Lido\\u2019s dual governance proposal: https://twitter.com/hasufl/status/1540652075352313857?s=20&t=sJU5C5xo5litEJrZZDaWNQ\\n\\n Lido\\u2019s two-phase voting scheme: https://blog.lido.fi/moving-to-two-phase-voting/\\n\\n \\xa0\\n MEV Ryan on post-merge MEV: https://twitter.com/ryanberckmans/status/1453597003397611526?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ\\n\\n Alex on proposer-builder separation: https://twitter.com/bergealex4/status/1540934540901744640?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ\\n\\n Haseeb on post-merge MEV: https://twitter.com/hosseeb/status/1464003851942391834?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ\\n\\n \\nLearn more about your ad choices. Visit megaphone.fm/adchoices"