Lido 的以太坊质押主导地位因竞争激增而减弱

Lido Finance 是主流的以太坊质押协议，其市场份额已跌破 30%。像 Puffer 这样的液体重新抵押协议的涌入加剧了竞争，解决了人们对 Lido 中心化的担忧。尽管很受欢迎，但 Lido 的市场主导地位受到质疑，专家主张建立更加去中心化的质押生态系统。

Lido's Ethereum Staking Dominance Declines Amidst Rising Competition

Lido 的以太坊质押主导地位因竞争加剧而下降

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 是昔日以太坊质押领域的巨头，其市场份额已大幅下降，跌破 30% 的门槛。这一发展引发了关于质押生态系统权力集中的新一轮争论。

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.

以太坊贡献者 Anthony Sasson 一直站在这场讨论的最前沿，他强调最近液体重新抵押协议的复兴是 Lido 市场主导地位减弱的催化剂。 Sasson 长期以来一直主张促进 Stake 领域的竞争，以减轻 Lido 的影响。

"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 增长并减少其市场份额的最佳方法是增加竞争，”Sasson 断言。 “竞争的加剧使得以太坊质押生态系统更加强大。”

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.

以太坊社区的另一位知名人物 Evan Van Ness 此前曾对 Lido 日益增长的主导地位表示担忧。 2023年9月，当Lido的市场份额达到33%时，Van Ness警告说，Lido的影响力已经到了关键时刻。

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 已成为以太坊质押者的热门选择，因为它能够从网络参与中产生回报，并为用户提供锁定 ETH 的流动性衍生品。然而，该平台的主导地位引发了人们对权力集中和潜在操纵漏洞的担忧。

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 等流动性重新抵押平台的出现，通过提供类似的好处同时降低一些风险，挑战了 Lido 的霸权。

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.

随着最近推出另一种流动性重新抵押协议 Puffer，Lido 的市场份额进一步受到打击。 Puffer 吸引了超过 10 亿美元的资产，进一步削弱了 Lido 的市场主导地位。

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 认为，以太坊质押生态系统正在朝着更加去中心化的方向发展。不过，他强调繁荣的自由市场环境对于促进竞争并防止任何单一实体施加过度影响力的重要性。

"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."

“丽都并不‘糟糕’，但这不是我们能做的最好的事情，”萨森说。 “任何单一实体都不应该拥有太大的市场份额。”

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 市场份额的下降证明了以太坊质押生态系统的弹性和市场参与者日益成熟。随着竞争的加剧，以太坊的质押格局将变得更加强大和多样化，从而增强其安全性和弹性。