Dune Analytics reports a 95% increase in the total amount of ETH staked over the last year, from $22 billion to $41.6 billion. Of this total, 32.7% is staked on Lido. This over four times as much as on Coinbase (8.7%), which is in second place. Ethereum's chief decentralisation officer, Evan Van Ness tweeted: "Lido may be the biggest attack on Ethereum's decentralization ('credible neutrality') in our entire history." To stake Ethereum (ETH) with the network's validators and receive rewards, investors may use Lido, the top decentralized platform in this field. They do this in return for stETH, a token that represents their deposit. In fact, it has been argued that all liquid staking derivatives suffer from fundamental flaws that, without properly implemented safeguards, would lead to a complete collapse. Moreover, some have voiced concern that Lido's increasing centralization may hurt the network's credibility among institutions and government. Highlighted Crypto News Today:
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