Lido 的以太坊質押主導地位因競爭激增而減弱

Lido Finance 是主流的以太坊質押協議，其市佔率已跌破 30%。像 Puffer 這樣的液體重新抵押協議的湧入加劇了競爭，解決了人們對 Lido 中心化的擔憂。儘管很受歡迎，但 Lido 的市場主導地位受到質疑，專家主張建立更去中心化的質押生態系統。

Lido's Ethereum Staking Dominance Declines Amidst Rising Competition

Lido 的以太坊質押主導地位因競爭加劇而下降

Lido Finance, the erstwhile behemoth of Ethereum's staking landscape, has witnessed a significant erosion in its market share, descending below the 30% threshold. This development has sparked a renewed debate regarding the centralization of power in the staking ecosystem.

Lido Finance 是昔日以太坊質押領域的巨頭，其市佔率已大幅下降，跌破 30% 的門檻。這一發展引發了關於質押生態系統權力集中的新一輪爭論。

Ethereum contributor Anthony Sasson has been at the forefront of this discourse, highlighting the recent resurgence of liquid restaking protocols as a catalyst for Lido's diminished market dominance. Sasson has long advocated for fostering competition in the staking sector to mitigate Lido's influence.

以太坊貢獻者 Anthony Sasson 一直站在這場討論的最前沿，他強調最近液體重新抵押協議的復興是 Lido 市場主導地位減弱的催化劑。 Sasson 長期以來一直主張促進 Stake 領域的競爭，以減輕 Lido 的影響。

"The best way to stop Lido from growing and reduce its market share is to increase competition," Sasson asserted. "Increased competition has made the Ethereum staking ecosystem more robust."

「阻止 Lido 成長並減少其市場份額的最佳方法是增加競爭，」Sasson 斷言。 “競爭的加劇使得以太坊質押生態系統更加強大。”

Evan Van Ness, another prominent figure in the Ethereum community, has previously expressed concerns about Lido's growing dominance. In September 2023, when Lido's market share stood at 33%, Van Ness warned that Lido's influence had reached a critical juncture.

以太坊社區的另一位知名人物 Evan Van Ness 此前曾對 Lido 日益增長的主導地位表示擔憂。 2023年9月，當Lido的市場份額達到33%時，Van Ness警告說，Lido的影響力已經到了關鍵時刻。

Lido has become a popular choice for Ethereum stakers due to its ability to generate returns from network participation and provide users with liquid derivatives of their locked ETH. However, the platform's dominance has raised concerns about the centralization of power and potential vulnerabilities to manipulation.

Lido 已成為以太坊質押者的熱門選擇，因為它能夠從網路參與中產生回報，並為用戶提供鎖定 ETH 的流動性衍生品。然而，該平台的主導地位引發了人們對權力集中和潛在操縱漏洞的擔憂。

The emergence of liquid restaking platforms, such as Ether.fi, has challenged Lido's hegemony by offering similar benefits while mitigating some of its risks.

Ether.fi 等流動性重新抵押平台的出現，透過提供類似的好處同時降低一些風險，挑戰了 Lido 的霸權。

Lido's market share has taken a further hit with the recent launch of Puffer, another liquid restaking protocol. Puffer has attracted over $1 billion in assets, further eroding Lido's market dominance.

隨著最近推出另一種流動性重新抵押協議 Puffer，Lido 的市場份額進一步受到打擊。 Puffer 吸引了超過 10 億美元的資產，進一步削弱了 Lido 的市場主導地位。

Sasson believes that the Ethereum staking ecosystem is moving towards greater decentralization. However, he emphasizes the importance of a thriving free market environment to foster competition and prevent any single entity from wielding excessive influence.

Sasson 認為，以太坊質押生態系統正朝著更去中心化的方向發展。不過，他強調繁榮的自由市場環境對於促進競爭並防止任何單一實體施加過度影響力的重要性。

"Lido is not 'bad,' but it is not the best we can do," Sasson said. "No single entity should have too large of a market share."

“麗都並不‘糟糕’，但這不是我們能做的最好的事情，”薩森說。 “任何單一實體都不應該擁有太大的市場份額。”

The decline in Lido's market share is a testament to the resilience of the Ethereum staking ecosystem and the increasing sophistication of market participants. As competition intensifies, the Ethereum staking landscape is poised to become more robust and diverse, enhancing its security and resilience.

Lido 市場份額的下降證明了以太坊質押生態系統的彈性和市場參與者日益成熟。隨著競爭的加劇，以太坊的質押格局將變得更加強大和多樣化，從而增強其安全性和彈性。