The promise of truly free, permisionless markets is a hallmark of crypto. Protocols and products are free to be spun up at will and deployed. The market then decides whether this product will gain traction or not. There are no real crypto-native regulations or corresponding loopholes other than the rules baked into execution and consensus layer logic. But there is also social consensus around right and wrong.

Recently, we have had fervent debate around the state of Lido and its dominance over Ethereum staking. Lido is responsible for 73% of all liquid staked ETH and is inch