182 - In Defense of Lido, w/ Hasu

Lido has over 30% ETH staked. Should we be alarmed? Joining us is Hasu to shed some light on this question.

In this wide ranging interview we discuss the State of Staking, the state of Lido, Idealist vs Pragmatics and asking the question - is Lido's reputation unfair?

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✨ DEBRIEF | Unpacking the episode:
https://www.bankless.com/debrief-hasu
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TIMESTAMPS

0:00 Intro
4:34 Is Lido's Perception Unfair?
9:08 Is Lido Too Big To Fail?
15:57 What Can An Entity Do With 33%?
21:27 TLDR Recap and Overview
24:11 When Does Lido Risk Become Systemic
32:54 Lido Is Not One Entity
36:40 Node Operators vs DAO
41:19 LDO Governance
49:39 Is Lido Forkable?
52:37 The Path To 5,000 Operators
58:46 Distributed Validator Technololgy
1:08:16 Addressing The Critics
1:17:31 The Staking Social Layer
1:24:40 Is Lido Treated Unfairly?
1:26:47 Can We Keep Ethereum Decentralized?
1:30:07 Risks and Disclaimers
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Resources

Hasu on Twitter: https://twitter.com/hasufl
Uncommon Core v2: https://www.ucc2.xyz/
Hasu last on Bankless: https://youtu.be/1qqkoGatPdE

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Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠