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Hey Oceanlanders! One more of our early designs. ✍️

Hope you like our work. Please comment below. 👇  

Stay tuned for more. 👀

#Oceanland #P2E #P2EGame #Blockchain #Crypto

Hey Oceanlanders.  One more of our early designs. Hope you like our work.  Please comment below. Stay tuned for more.

Lido DAO is a digital asset staking platform that helps to lower the Ethereum 2.0 entry barrier. The protocol allows you to deposit coins into a staking contract and receive in return an equal amount of "derivative" tokens that provide liquidity to the invested assets. Thus, the user can continue using cryptocurrencies blocked in the staking contract for financial transactions. For example, to deposit them into liquidity pools.

LDO news today, Lido DAO crypto latest news of token ticker

Lido DAO

stETH (Lido Staked ETH) is an ERC—20 standard token built on the Ethereum network. Lido Finance is a platform for liquid cryptocurrency staking, that is, for depositing coins into a staking contract and receiving "derivative" tokens that provide liquidity of invested assets.

Lido Staked ETH news today, stETH crypto latest news of token ticker

Lido Staked ETH

Lido wstETH finance today, WSTETH crypto latest news of token ticker

Lido wstETH

Lido Staked Matic (stMATIC) news

Lido Staked Matic

Lido Staked SOL today, stSOL crypto latest news of token ticker

Lido Staked SOL

imo, the realistic worst-case scenario for Lido's uncapped dominance isn't network disruption.

It's that Ethereum develops a reputation among corporations and governments as having been "captured" or "not actually that decentralized relative to other chains".

If this were to happen, it may affect the order of magnitude of our growth rate and, therefore, Ethereum's benefit to humanity and the number of zeroes on the long-term ETH valuation.

Ethereum is a very low-tps chain with *by far* the most secure blockspace.

This reputation is vital to the future of the L1 and L2 ecosystem.

Our projected ETH valuation is predicated on a government being significantly better off anchoring eg. its sovereign bond system on Ethereum's low-data, high-cost chain and then bridging it to many L2s/L3s vs. anchoring it on a higher-tps chain with significantly riskier and worse long-term property rights.

Ethereum is on track to grow into the global settlement layer. But, this success is path-dependent on our reputation with corporations and governments.

Given this path-dependence, Lido uniquely threatens our reputation, and that's the disanalogy in eg. a comparison with Google's search monopoly.

Google does not "threaten" the internet the way that Lido threatens to potentially make Ethereum's outcome orders of magnitude smaller.

Lido's uncapped dominance is currently the only known material risk of, in ten to fifteen years, Ethereum becoming worth, say, only $1.2 to $3 trillion instead of $12 to $30 trillion.

That's why we shouldn't tolerate Lido's uncapped dominance: it's literally the only serious and durable risk standing between us and global ubiquity.

Our mission of becoming a level playing field for all of humanity is worth the social friction of hassling Lido to target a 22% market share via a floating protocol fee.

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Why @ryanberckmans 's concerns around Lido's growth affecting Ethereum's reputation are misplaced

While Ryan admits that "the realistic worst-case scenario for Lido's uncapped dominance isn't network disruption" the crux of his argument for self-limiting revolves around the…

Why @ryanberckmans 's concerns around Lido's growth affecting Ethereum's reputation are misplaced.

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