Is Lido Making Ethereum Less Decentralized?

Key Takeaways

• Lido is a popular liquid staking solution for Ethereum and other blockchains.
• Lido accounts for the vast majority of liquid staking derivatives in the Ethereum ecosystem. As it’s seen parabolic growth, there are growing concerns that it could impact Ethereum’s decentralization.
• While the concerns are warranted, Ethereum staking should become more decentralized as the network grows and more solutions like Lido enter the market.