Governance Centralization Risk from Liquid Staking Design

Here is the most accurate visualization of WTN’s distribution
[🍉 WaterNeuron decentralization]
It’s some kind of art form - how they managed to put only ~20% of the ICP and get 64% of the control. Then use everyone’s ICP to bribe other people through nICP to vote for them against the ones who funded it. Additionally, collecting ICP from SNSes that are partially coming from the NF.
:clap::clap::clap:

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