\n
![](\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-07\/be1b176e-310c-4799-a74b-e688beb4ae7d.jpg\")
<\/p>\n
\n<\/p>\n
A team member for Lido has accused<\/a> competitor Rocket Pool of being too centralized in a July 4 social media post. Both Lido and Rocket Pool are liquid staking protocols that allow users to delegate their cryptocurrency to validators and receive derivative tokens in exchange.<\/p>\n According to the post from Lido\u2019s community staking lead Dmitry Gusakov, the Rocket Pool contracts are controlled by the Rocket Pool team, allowing the team to change any parameters and call any method. This means that Rocket Pool developers can increase the inflation rate to an arbitrarily large percentage or increase fees to up to 100%.<\/p>\n Gusakov claimed this vulnerability does not exist in Lido\u2019s contracts, as in Lido, these actions are \u201cfully controlled by [decentralized autonomous organization] LidoDAO.\u201d<\/p>\n Rocket Pool grants management committee member Waq responded to the accusation, stating that the vulnerability was already known to the team and will be fixed in the future. Waq accused the Lido team of trying to take credit for discovering an issue that was already known.<\/p>\n Here we go again with the “brand new” discoveries of @Rocket_Pool<\/a> being super malicious again Not a single word of how the community has been working for over a year on fixing this and the progress we’re making. Once we fix this, they’ll rush to take the credit like always.<\/p>\n \u2014 Waq | Rocket Fuel (@waqwaqattack) July 4, 2023<\/a><\/p><\/blockquote>\n According to Gusakov\u2019s post, the RocketStorage contract at Ethereum address 0x1d8f8f00cfa6758d7bE78336684788Fb0ee0Fa46 contains a parameter called \u201cguardian.\u201d Many functions in Rocket Pool contracts are also labeled as \u201conlyGuardian,\u201d meaning they can only be called by the account listed in this parameter, which is currently set to the RocketPool deployer account at 0x0cCF14983364A7735d369879603930Afe10df21e.<\/p>\n Actions that can be performed by the \u201cguardian\u201d include changing the \u201cRPL InflationIntervalRate\u201d and the \u201cETH DepositFee,\u201d implying that the team can increase the inflation rate of the Rocket Pool governance token (RPL) or remove users\u2019 deposits by setting the fee to 100%, Gusakov stated.<\/p>\n Content creator Chris Blec shared the post, claiming<\/a> that it proves \u201c\u2018pDAO is not a DAO\u201d or that RPL tokenholders are not actually in control of Rocket Pool\u2019s governance.<\/p>\n In response, Rocket Pool community advocate Jasper.lens stated<\/a> that the community is already aware of this centralization issue, which will be patched in the upcoming Saturn upgrade. According to Jasper, the centralization occurred during a period when voting systems for Rocket Pool\u2019s DAO were still being designed and tested. The team decided not to allow the DAO to practice on-chain voting in the initial testing phase. However, testing has now been completed, and the upcoming Saturn upgrade \u201cis all about patching the decentralization holes.\u201d<\/p>\n In a comment agreeing with Jasper.lens\u2019 post, Waq claimed<\/a> that the Rocket Pool community \u201chas been working for over a year on fixing this\u201d and predicted the Lido team would \u201crush to take the credit like always\u201d once the problem is fixed.<\/p>\n Liquid staking protocols have been growing in popularity over the past few months. On May 1, blockchain analytics platform DefiLlama stated that these protocols had surpassed decentralized exchanges<\/a> as the top decentralized finance category in terms of total value locked. On May 30, Tenet partnered with LayerZero to implement liquid staking<\/a> on more blockchains in the future.<\/p>\n<\/div>\n\n