Vitalik: The rise of the stablecoin RAI can solve the problem of Lido's "monopoly" of the LSD ecosystem

Odaily Planet Daily News Vitalik Buterin participated in the Reflexer Finance Discord discussion and said that he believes that RAI, as the first stable currency on the Reflexer platform, may become an active supporter of non-popular liquid mortgage derivatives (LSD). He also believes that the rise of RAI can solve the problem of Lido dominating the LSD ecosystem. Lido controls more than 30% of LSD in the cryptocurrency market. Vitalik said that if the RAI community adopts more active governance to support Staked ETH tokens and intentionally only accepts non-dominant forms of Staked ETH tokens (that is, LSD tokens that are not launched by Lido), it will be enough. RAI team member Reza.eth pointed out that Vitalik's ideas are in line with the project team's plan. In his opinion, more governance is needed to support the less popular LSD. (Coin Edition)