The staked Ethereum (stETH) from Lido has experienced an unparalleled upsurge in transaction activity, with more than 1,200 large transactions captured in a mere 24 hours—an increase of 417%! Yet, this sudden uptick is not merely a “by chance” occurrence; it is happening while Lido implements a major shift in its community staking model that was previously semi-permissioned (i.e., only certain users could validate transactions and earn rewards) and is now fully permissionless. These are not your ordinary community governance changes, though. Allowing anyone to stake across Ethereum in a totally permissionless manner could change the dynamics of the Ethereum
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