Adam, this has been a good debate, and I appreciate your perspective. Yet, I want to be clear here that my only specific interest is in helping to prevent a Lido majority/supermajority.
Lido is a great team and an amazing product. But, it seems that ETH holders would rather not exist in the timeline where Lido runs 30%, 50%, 70%+ of stake for years to come.
The ethereum community has spent years investing in maximizing credible neutrality via client diversity, our research community, etc. We think the liquid staking industry deserves a real chance to become an oligopoly instead of a monopoly.
Unfortunately, nobody has a better idea to curtail Lido’s hyper-dominance with certainty other than pleading with the Lido community to altruistically and voluntarily self-limit market share for a temporary period of two years while competitors catch up.
Thanks to Vasiliy and the whole Lido team and community.