Vitalik optimistically said in May last year that any liquidity staking pool should not exceed 15%. However, now Lido, Coinbase and Binance combined exceed 85%, with Lido three times larger than Coinbase and seven times larger than Binance.

Yesterday, the Ethereum Foundation @dannyryan admitted that there are currently "corporatization, centralization and systemic threats" in Ethereum. In addition, the Ethereum Foundation @TimBeiko urgently included EIP7514, which is used to alleviate the excessive growth of pledges, into the Cancun upgrade this month. , and admitted that there are currently no good solutions.

The Ethereum Foundation, represented by Vitalik, has a collective mistake of being overly optimistic before POS goes online, not fully predicting risks, and rushing to post pudding everywhere after going online. Next, the entire industry should realize that the narrative of LSD has already benefited from The first stage represented by , has entered the second stage represented by decentralization.

There are two ways to decentralize. 1. Use decentralized pledge pools to dismember the three centralized mountains of Lido, Coinbase, and Binance. This will be a huge interest redistribution movement, represented by projects such as @Rocket_Pool 2. Use decentralization staking services to alleviate the centralization issues of Lido, Coinbase, and Binance, represented by projects such as @puffer_finance

Author: @jason_chen998