Ethereum founder Vitalik Buterin thinks RAI, the first stablecoin on the Reflexer platform, could be an activist for minority Liquid Staking Derivatives (LSDs). He also believes the rise of RAI could resolve Lido’s dominance in the LSD ecosystem. Lido controls over 30% of the entire LSDs in the crypto market.
Buterin expressed his opinion while participating in a discussion on the Reflexer Finance discord. According to the Ethereum founder, RAI’s activist governance may not need to go all the way. It would be enough if the RAI community does more activist governance to suppo…
The post RAI Could Be an Activist For Minority LSDs: Vitalik Buterin appeared first on Coin Edition.
Ethereum founder Vitalik Buterin thinks RAI, the first stablecoin on the Reflexer platform, could be an activist for minority Liquid Staking Derivatives (LSDs). He also believes the rise of RAI could resolve Lido’s dominance in the LSD ecosystem. Lido controls over 30% of the entire LSDs in the crypto market.
Buterin expressed his opinion while participating in a discussion on the Reflexer Finance discord. According to the Ethereum founder, RAI’s activist governance may not need to go all the way. It would be enough if the RAI community does more activist governance to suppo…
The post RAI Could Be an Activist For Minority LSDs: Vitalik Buterin appeared first on Coin Edition.