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?

------
✨ DEBRIEF | Unpacking the episode:
https://www.bankless.com/debrief-hasu
-----
🚀Join Ryan & David at Permissionless II in September.
https://bankless.cc/GoToPermissionless 
------
📣 STADER LABS | ETHX LIQUID STAKING
https://bankless.cc/Stader 
------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
https://bankless.cc/MetaMask  

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum   ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle  ⁠

👾POLYGON | VALUE LAYER OF THE INTERNET
https://polygon.technology/roadmap 

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku 
-----
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
-----
Resources

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

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