"More projects should explicitly think about not just a "business model" - how they bring in resources to support the work that they are doing - but also a "decentralization model" - how they avoid concentrating power in themselves, and the risks associated with having such power." "[...] In Ethereum, one good example of this is the decentralized staking pool Lido. Lido has about 24% of the total ETH staked supply today, but people are much less scared of it than of they would be of almost anything else having 24% of the stake. This is because Lido is not a single actor: it is an internally decentralized DAO with several dozen operators, and a "dual governance" design that gives staked ETH holders the ability to veto decisions." - 'Balance of Power' by @VitalikButerin

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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