Ethereum

Liquid Staking Derivatives

Coin

<ul class="news-points"> 
 <li>Vitalik Buterin thinks RAI could be an activist for minority Liquid Staking Derivatives (LSDs).</li> 
 <li>Buterin believes the rise of RAI could resolve Lido’s dominance in the LSD ecosystem.</li> 
 <li>Lido controls over 30% of the entire LSDs in the crypto market.</li> 
</ul> 
<a href="https://coinedition.com/tag/vitalik-buterin/">Ethereum founder Vitalik Buterin</a> thinks RAI, the first stablecoin on the Reflexer platform, could be an activist for minority Liquid Staking Derivatives (LSDs). He also believes the rise of RAI could resolve Lido’s dominance in the LSD ecosystem. Lido controls over 30% of the entire LSDs in the crypto market. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 today <a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@VitalikButerin</a> stopped by the <a href="https://twitter.com/reflexerfinance?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@reflexerfinance</a> discord to share his thoughts on what Makers endgame means for RAI he thinks RAI could be an activist for minority LSDs an answer to Lido controlling 30%+ this would require more control than we have over RAI.. rn 1/x <a href="https://t.co/Fxb8Ph8Jq9" target="_blank" rel="nofollow">pic.twitter.com/Fxb8Ph8Jq9</a>— reza.eth 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f325.png" alt="🌥" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@rezajafery) <a href="https://twitter.com/rezajafery/status/1698131823598178470?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 3, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Buterin expressed his opinion while participating in a discussion on the Reflexer Finance discord. According to the Ethereum founder, RAI’s activist governance may not need to go all the way. It would be enough if the RAI community does more activist governance to suppo…
The post <a rel="nofollow" href="https://coinedition.com/rai-could-be-an-activist-for-minority-lsds-vitalik-buterin/">RAI Could Be an Activist For Minority LSDs: Vitalik Buterin</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

RAI Could Be an Activist For Minority LSDs: Vitalik Buterin

Coin Edition

Other articles published on Sep 3, 2023

Ethereum Price Prediction: ETH Crypto in an Interesting Pattern

Penggunaan Dompet Solana Meningkat, Everlodge Kian Menarik Perhatian Investor

Grayscale defeats SEC, ETF drama takes spotlight, Ronaldinho embroiled in crypto scam | Weekly Recap

Uniswap v4: Epic Game-Changer Unleashes DeFi Revolution with Mind-Blowing Upgrades!

Exploring the realm of AI: 8. Emerging Trends and Challenges in AI

BitBrowser Attackers Sent Funds to Coin Mixer: Are They Gone?

Join our free newsletter for daily crypto updates!