Lido 的以太坊質押壟斷被打破，緩解了對去中心化的擔憂

以太坊流動性質押提供者 Lido 的市佔率已下降至 29.57%，減少了對其在生態系統中主導地位的擔憂。雖然 Lido 的受歡迎程度和缺乏競爭先前使其佔據了超過 32% 的市場份額，但競爭的加劇和 Coinbase 和 Binance 等替代性質押平台促使質押 ETH 的分佈更加去中心化。 ETH 質押的第二大實體仍未確定，佔據 16.9% 的市佔率。

Lido's Dominance Wanes in Ethereum Staking Market, Allaying Concerns

Lido 在以太坊質押市場的主導地位減弱，緩解了擔憂

The Ethereum staking landscape has undergone a significant shift, with the market share of leading provider Lido Finance declining from 32% in December 2023 to 29.57% as of April 4, 2024. This reduction has assuaged concerns within the Ethereum community that Lido's growing influence posed a potential threat to the ecosystem's decentralization.

以太坊質押格局發生了重大轉變，領先供應商Lido Finance 的市場份額從2023 年12 月的32% 下降至截至2024 年4 月4 日的29.57%。這一下降緩解了以太坊社區對Lido 日益增長的影響力帶來的擔憂。生態系去中心化的潛在威脅。

Lido's initial surge in popularity stemmed from its user-friendly interface, automated staking services, and a lack of viable competitors in the space. However, the platform's dominance raised questions about the potential for a single entity to exert undue influence over the Ethereum blockchain.

Lido 最初的受歡迎程度源於其用戶友好的介面、自動質押服務以及該領域缺乏可行的競爭對手。然而，該平台的主導地位引發了人們對單一實體對以太坊區塊鏈施加不當影響的可能性的質疑。

According to guidelines proposed by Ethereum co-founder Vitalik Buterin, stake pools should ideally not exceed 15% control to ensure a decentralized staking ecosystem. In May 2022, the Lido Decentralized Autonomous Organization (DAO) attempted to address this issue by proposing a hard limit on staking contributions. However, the proposal was overwhelmingly rejected by the DAO, with 99.81% of votes cast against it in June 2022.

根據以太坊聯合創始人 Vitalik Buterin 提出的指導方針，理想情況下，權益池的控制權不應超過 15%，以確保去中心化的權益生態系統。 2022 年 5 月，Lido 去中心化自治組織（DAO）試圖透過提出對質押貢獻的硬性限制來解決這個問題。然而，該提案被 DAO 以壓倒性多數否決，2022 年 6 月，99.81% 的票投了反對票。

The recent erosion of Lido's market share has been attributed to an influx of new staking providers, including Coinbase, Binance, and Kiln. Notably, an "unidentified" entity now accounts for 16.9% of the market, adding to the diversity of the staking landscape.

最近 Lido 市場份額的下降歸因於新的質押提供者的湧入，包括 Coinbase、Binance 和 Kiln。值得注意的是，「身份不明」的實體目前佔據了 16.9% 的市場份額，增加了質押格局的多樣性。

This diversification is crucial for ensuring that no single entity wields excessive control over the Ethereum network. In a recent report, Coinbase analysts highlighted the potential risks associated with Ethereum restaking and the issuance of liquid restaking tokens (LRTs). They cautioned that restaking, while offering increased earnings, could also compound risks by allocating funds to similar validators for higher yields.

這種多元化對於確保沒有任何一個實體對以太坊網路擁有過度控制至關重要。在最近的一份報告中，Coinbase 分析師強調了與以太坊重新抵押和發行流動性重新抵押代幣（LRT）相關的潛在風險。他們警告說，重新質押雖然可以增加收益，但也可能透過將資金分配給類似的驗證者以獲得更高的收益率來加劇風險。

The analysts further noted that LRTs might prioritize maximizing yields to gain market share, potentially at the expense of a hidden risk profile. To address these concerns, they emphasized the need for transparency and risk disclosure to ensure informed decision-making by stakers.

分析師進一步指出，輕軌可能會優先考慮最大化收益率以獲得市場份額，這可能會以犧牲隱藏的風險狀況為代價。為了解決這些問題，他們強調需要透明度和風險揭露，以確保利害關係人做出明智的決策。

The decrease in Lido's market share and the emergence of new staking providers have reinvigorated the debate around decentralization in the Ethereum ecosystem. The ongoing efforts to democratize staking, coupled with the development of new technologies and protocols, are paving the way for a more balanced and secure Ethereum network.

Lido 市場份額的下降和新質押提供者的出現重新引發了圍繞以太坊生態系統去中心化的爭論。質押民主化的持續努力，加上新技術和協議的發展，正在為更平衡和安全的以太坊網路鋪平道路。

As the Ethereum network evolves, the importance of maintaining a decentralized staking landscape cannot be overstated. The recent decline in Lido's dominance is a positive step in this direction, signaling an increased awareness and commitment to preserving the integrity and resilience of the Ethereum blockchain.

隨著以太坊網路的發展，維持去中心化質押格局的重要性怎麼強調都不為過。最近 Lido 主導地位的下降是朝這個方向邁出的積極一步，表明人們對維護以太坊區塊鏈的完整性和彈性的認識和承諾有所增強。