Ethereum’s Culture Problem w/Hasu

On Ep. 84 of Infinite Jungle, Christine interviews Hasu, Strategic Advisor to Lido and Strategy Lead at Flashbots. They discuss the importance of the Lido V3 upgrade, the risks it entails, and opportunities for improving Lido’s competitive value against centralized staking solutions. They also discuss the underperformance of ETH and what needs to change about Ethereum’s research and development culture. Hasu argues for three critical changes. First, allocate mindshare away from “endgame planning”. Second, reduce the number of clients. Third, plan upgrades by goal not EIPs.

Guest:

Name: Hasu

Title: Strategic advisor to Lido and Strategy Lead at Flashbots

X: https://x.com/hasufl

Show note links:

• Lido V3 (https://v3.lido.fi/)

Timestamps:

(00:01:29) What is Lido V3?

(00:04:52) What risks does the V3 upgrade entail?

(00:12:35) Why should institutions stake with Lido?

(00:20:42) Is the Lido DAO competitive against CEXs?

(00:31:50) How V3 enables restaking on Lido

(00:34:34) Hasu’s thoughts on ETH’s underperformance

(00:40:33) Are L2s parasitic to ETH value?

(00:43:10) Ethereum’s culture problem

This episode was recorded on Friday, February 28, 2025.

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