Ethereum Rekt Again (Lido and Rocket)

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I 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 ship show.

Not investment advice! Consult a financial advisor.

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&ab_channel=TraderUniversity

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#ethereum
#lido
#staking

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