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Author: Admin | 2025-04-28
The stake on Ethereum by making it easy for average ETH holders to secure the network in exchange for predictable rewards.By teaming up with Lido, Hasu seems to think it is the pool best-poised to become this giant.In their blog post, Hasu and Konstantopoulos note that a key strength of Lido is in the convenience of the stETH token. Why ever hold ETH when you can hold basically the same thing – stETH – and earn staking rewards at the same time?José Maria Macedo, a partner at Lido investors Delphi Digital, struck a similar tone in a conversation with CoinDesk. “I think overall Lido wins just because of the network effects of the liquid staking derivative,” he explained.“Ultimately you want to stake your ETH and have a derivative that has the most integrations possible, and I think [a centralized staking provider] is never going to get integrated into DeFi,” he explained. “If you stake with Binance and all you can do is have [ETH] locked in Binance – versus getting some stETH [from Lido] and being able to use it on Aave to lever up, or being able to use it to mint DAI on Maker – I just think [Lido] is always going to be a better product.”Though Macedo isn’t as confident as Hasu that liquid staking will have a single winner, he agrees that Lido’s dominance is preferable to that of a centralized staking provider with no concept of community governance.“Although there will always be a market for centralized solutions – since people will want simplicity – I think all things considered, [Lido] is better than the alternative,” Macedo said.Pulse checkThe following is an overview of network activity on the Ethereum Beacon Chain over the past week. For more information about the metrics featured in this section, check out our 101 explainer on Eth 2.0 metrics.Disclaimer: All profits made from CoinDesk’s Eth 2.0 staking venture will be donated to a charity of the company’s choosing once transfers are enabled on the network.Validated takesNorth Korean hacking group Lazarus is connected to the Ronin Network’s $625 million exploit, according to U.S. officials.WHY IT MATTERS: The FBI linked Lazarus with the validator breach and the Treasury Department added an Ethereum address to its sanctions list on April 14. The attack on the Axie Infinity-linked Ronin bridge was the largest exploit in crypto history. The Treasury’s action to blacklist an alleged Lazarus-held crypto wallet highlights the U.S. government’s commitment to prevent money laundering with stolen funds and to disrupt malicious cyber actors. Read more here.The long-awaited Ethereum Merge will likely come after June 2022, according to Ethereum core developer Tim Beiko.WHY IT MATTERS: Ethereum is in the final stage transitioning away from
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