The Fall of Ethereum: Why Did It Happen?

The Change of Ethereum

Ethereum 2.0

Lido & Celsius

  1. User A has 10 ETH in his wallet
  2. A stakes 10 ETH in Lido
  3. A receives 10 stETH
  4. A stakes 10 stETH in Celsius and receives 7 ETH
  5. A stakes 7 ETH in Lido
  6. A receives 7 stETH

The Fall of Ethereum

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