TLDR The Ethereum staking industry has become increasingly competitive in the 4.5 years since the launch of Lido. Especially for large amounts of stake over long time periods, Node Operators are now able to offer staking, including (partial) insurance, with take rates as low as 1-3% in some cases. Given the increasingly competitive nature of the market, generally favorable market tailwinds for ETH, and the need for the Lido protocol to become both more robust and adaptive to market conditions...
