by
stake.com✅.eth
Is the backwards integration with blockscape (staking stETH) a risk? (recursively staking ETH?)
Voting ended almost 2 years agoSucceeded
So, many of us are of course staking stETH on https://blockscape.org 's non custodial stETH staking portal, but it got me wondering...
If a user: stakes ETH on LIDO, to receive stETH, then stakes stETH on blockscape, and because of the way blockscape credits the yield, we can immediately restake any earnings into more stETH, and getting a kind of snowball-effect
this seems like a possibly leveraged staking situation, and could be a risk to the ecosystem?
I propose we conduct a review to make sure this is not a risk to the LIDO ecosystem, and if it is, we should prohibit stETH being used in this way via a contract update.
Off-Chain Vote
Loading…
- Author
stake.com✅.eth
- IPFS#bafkreic
- Voting Systemsingle-choice
- Start DateNov 09, 2023
- End DateNov 12, 2023
- Total Votes Cast3.45K LDO
- Total Voters387
Discussion
Timeline
- Nov 09, 2023Proposal created
- Nov 09, 2023Proposal vote started
- Nov 12, 2023Proposal vote ended
- Nov 12, 2023Proposal updated