Ethereum Centralization Concerns Grow Post-Merge as Top Stakers Control Majority of Network
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Ethereum centralization has increased post-Merge, with top 5 staking providers controlling over 50% of network.
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Lido alone accounts for almost one-third of Ethereum staking, but its decentralized governance is controlled by few entities.
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Rejection of capping Lido's stake at 22% shows its centralized decision making.
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Overall staking yields have dropped from 7.3% pre-Merge to 5.5% currently.
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Vitalik Buterin admits centralization is a key challenge and could take 20 years to solve.
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