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More Ass Whoopings coming for Ethereum and Staking partners Lido & Rocket Pool! 🤜💥🤕
In this video, we discuss Ethereum liquid staking solutions like Lido and Rocket Pool, in the context of the SEC's crackdown on Kraken's "staking as a service."
Many people in the Ethereum community fail to grasp how centralized both Lido and Rocket are. Most of the governance tokens are controlled by VC's and insiders who get to pick the node operators and ensure that OFAC censorship of transactions and blocks is carried out by these operators.
The fact that ConsenSys not only owns Infura and Metamask, but is also the main investor in Rocket Pool is the icing on the cake. Joe Lubin, as an Ethereum co-founder, has tremendous power over the entire Ethereum ecosystem-- which gives the lie to ETH's claims of decentralization.
If Ethereum is ever forced to file disclosures with the SEC, we can guess that it will be quite the 💩 show.
SEC Putting Stake In Crypto's Heart:
https://www.youtube.com/watch?v=5EbCHlkhHRI&ab_channel=TraderUniversity
SEC shuts down Kraken staking:
https://twitter.com/GaryGensler/status/1623777842000539648
Ether Liquid Staking Platforms Will Benefit:
https://www.coindesk.com/business/2023/02/10/ether-liquid-staking-platforms-will-benefit-as-sec-actions-likely-fail-to-deal-defis-knockout-blow/
Lido TVL:
https://defillama.com/protocol/lido?denomination=ETH&hideEvents=false
Lido is a huge validator:
https://beaconcha.in/pools
How to stake ETH on Lido:
https://stake.lido.fi/
Apply to be a Lido Node Operator:
https://operatorportal.lido.fi/apply-to-be-a-lido-node-operator
95% of LDO supply is held by 1% of addresses:
https://twitter.com/Checkmatey/status/1540703545267298304
List of Lido investors:
https://www.crunchbase.com/organization/lido-b607/company_financials
https://techcrunch.com/2022/03/03/lido-raises-the-stakes-for-crypto-defi-investors-with-new-capital/
Watch Lido impose OFAC censorship:
https://www.mevwatch.info/
Rocket Pool investors:
https://www.crunchbase.com/organization/rocket-pool/company_financials
Ethereum ecosystem highly dependent on Infura:
https://www.theblock.co/post/84232/ethereum-infrastructure-provider-infura-is-down
ConsenSys updates policy to collect IP addresses from MetaMask:
https://cryptoslate.com/consensys-updates-policy-to-collect-metamask-ip-data/
Joe Lubin:
https://en.wikipedia.org/wiki/Joseph_Lubin_(entrepreneur)
Ethereum "Merges" With The SEC:
https://www.youtube.com/watch?v=t0VRbQ2njxQ
Original Video by Trader University: https://www.youtube.com/watch?v=PGZQMHhUM0o
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