Despite being a decentralized autonomous organization, there are questionable moments in Lido structure
It is not a secret that Lido Finance is one of the biggest holders of "new" Ethereum that functions purely on the PoS model. But Lido itself has a certain financial model where the staking rewards received by the pool are not being sent out to delegators as they are.Instead, Lido keeps all the rewards and sends stETH to delegators instead, which technically makes Lido a centralized ETH holder that can use it later without users' consent.
Paid out stETH tokens are not getting burned either, which is another factor that speaks in favor of centralization. Unfortunately, users will not be able to take control of their own ETH until staking contract
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