Lido team member Dmitry Gusakov stated that their Rocket Pool competitors are not fully decentralized. He emphasized that the DAO does not actually operate the Rocket Pool platform. All power is in the hands of the developers, who can change any parameters, including increasing the inflation rate to any number. Or increase commissions to 100%.
During the deep dive into the @Rocket_Pool contracts @LidoFinance Community Staking team discovered an astonishing fact — the Rocket Pool team owns EOA (https://t.co/rTCAZAfrQ8) that can CHANGE ANY PARAMS and call ANY method on the pDAO contracts!
— Dmitry Gusakov (@d_gusakov) June 4, 2023
Gusakov added that the developers of Lido Finance do not have such an option. And all the actions in the protocol “fully controls LidoDAO“.
The accusation was answered by a Rocket Pool Community lawyer under the pseudonym Jasper.lens. He said that his team has long known about such a vulnerability and will fix it in the future. The man accused the Lido team of manipulating the topic.
Jasper.lens reminded me about the Saturn update, which will completely eliminate this problem.
What this thread doesn’t mention is that @Rocket_Pool is in the midst of development for the best on-chain voting for the pdao.
At launch the pDAO was not tested, however, this has changed and the #saturn upgrade is all about patching the decentralization holes. https://t.co/4gInM3vLSJ
— jasperthefriendlyghost.eth | jasper.lens (@Jasper_ETH) June 4, 2023
Source: Cryptocurrency
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