Bitcoin and other cryptocurrencies closed a successful January. ALSO: A Lido DAO proposal faces criticism, even before it's formally presented. thesamreynolds reports.
, there was a serious grassroots effort to slash validators like Coinbase that complied with sanctions to deny Tornado Cash transactions. This isn’t good for institutional adoption.
“There are edge case scenarios that change withdrawal dynamics on Lido and highlight unique risks associated with staking through an intermediary,” Galaxy writes, arguing that there are inherent risks with using an intermediary staking service above and beyond the risks that come from Ethereum. “In the event that Lido validators are penalized or slashed, reducing the amount of total staked ETH in the protocol, users may receive less ETH for their stETH than what they had originally submitted,” Galaxy writes.“The Lido Withdrawal Queue is an additional queue that operates separately from the withdrawals queue and exit queue enforced by the Etheruem protocol,” Galaxy writes.
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