Lido Finance Achieves Major Milestone in Ethereum Network
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However, this rapid growth also brings some concerns. Leading crypto founders express concerns about the increasing dominance of protocols like Lido. Ethereum co-founder Vitalik Buterin has previously highlighted the potential centralization risks of Lido and the risks of a single stake token gaining control over the network.
It is critical for protocols like Lido to take appropriate measures considering these concerns. However, creating a diversified and resilient structure is also essential for the healthy growth of the DeFi ecosystem.
