Ethereum Liquid Staking Protocols Impose Self-Limiting Rule on Market Share

Ethereum Liquid Staking Protocols Impose Self-Limiting Rule on Market Share
Source: Crypto.com

Reported Cointelegraph, at least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking market — seen as a move to ensure the Ethereum network remains decentralized.

Among the Ethereum staking providers either already committed or are working to commit to the self-limit rule include Rocket Pool, StakeWise, Stader Labs and Diva Staking, according to Ethereum core developer Superphiz.

Puffer Finance, another liquid staking service, also announced its commitment to the self-limit.

The proposal presumably aims to address concerns of Ethereum staking becoming increasingly centralized.

Interestingly, the largest Ethereum liquid staking provider, Lido Finance, voted by a 99.81% majority not to self-limit back last June.

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Source

Liquid Staking Token

Ethereum

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