CSM by @LidoFinance has surpassed the the main permissionless staking competitor by the number of active validators strengthening the position of the largest permissionless staking solution on @ethereum
During the deep dive into the @Rocket_Pool contracts @LidoFinance Community Staking team discovered an astonishing fact - the Rocket Pool team owns EOA (etherscan.io/address/0x0cCF…) that can CHANGE ANY PARAMS and call ANY method on the pDAO contracts!
How did Lido go from 30 -> 500+ Node Operators and become a haven for community stakers?
Community Staking Module (CSM)
CSM v1 has been great - but it exposed two issues:
• Some professional NOs are (ab)using CSM to earn more
• It's not ready to scale
CSM v2 will fix both 🧵
I spent last 1.5 years of my life working on CSM. The solution that today allows for permissionless Node Operators participation. This is just a first step towards ultimate diversification of the @LidoFinance protocol.
I’m proud to be with Lido. I’m proud to be with Ethereum
Ethereum solo stakers, I encourage you to try @lodestar_eth CL client. It performs extremely well and has the best dashboards. This is my performance of Besu + Lodestar over the last 24 hours. Impressive, isn't it?
Let's quickly summarize the CSM presentation from the @ethStaker event to provide clarity on the recent CSM proposal.
Check out the proposal here: research.lido.fi/t/community-st…
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