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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 Lidoās dominance in the LSD ecosystem. Lido controls over 30% of the entire LSDs in the crypto market.
today @VitalikButerin stopped by the @reflexerfinance discord to share his thoughts on what Makers endgame means for RAI
ā reza.eth
he thinks RAI could be an activist for minority LSDs
an answer to Lido controlling 30%+
this would require more control than we have over RAI..
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1/x pic.twitter.com/Fxb8Ph8Jq9(@rezajafery) September 3, 2023
Buterin expressed his opinion while participating in a discussion on the Reflexer Finance discord. According to the Ethereum founder, RAIās activist governance may not need to go all the way. It would be enough if the RAI community does more activist governance to suppoā¦
The post RAI Could Be an Activist For Minority LSDs: Vitalik Buterin appeared first on Coin Edition.
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