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|Most Influential 2023

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Lido DAO Democratized ETH Staking, Then Dominated It

Lido has become a victim of its own success, attracting criticism as its share of staked ether has grown to nearly one-third. That's why it's one of CoinDesk's Most Influential of 2023.

Updated Mar 8, 2024, 5:59 p.m. Published Dec 4, 2023, 12:34 p.m.

Lido's boosters say it has helped keep Etheruem staking from falling into the hands of a few large actors. (Image by Mason Webb) — Lido's boosters say it has helped keep Ethereum staking from falling into the hands of a few large actors. (Mason Webb/CoinDesk)