INTERVIEW: The EIP That Destroys DeFi | Stani Kulechov & Mike Silagadze
Ethereum’s latest staking proposal is sparking backlash across DeFi.
@aave founder
@StaniKulechov and
@ether_fi CEO
@MikeSilagadze join
@TrustlessState to break down why stake tapering could push $ETH yield toward zero, weaken solo staking, drive capital out of DeFi, and make ETH less attractive to institutions. They debate Ethereum’s monetary policy, whether the network is overpaying for security, and why trying to make ETH more like Bitcoin could undermine what makes Ethereum valuable in the first place.
[TIMESTAMPS]
Intro 0:00
0:09 Ethereum’s Staking Debate
2:41 Stani’s First Reaction
7:48 Mike’s Centralization Concerns
14:37 DeFi Under Pressure
17:15 Stani on Yield and Cash Flow
24:54 The Case for Vanilla Ether
27:20 Mike Pushes Back
34:27 Issuance and Monetary Policy
35:16 Minimum Viable Issuance
40:47 Institutions Need Predictability
46:10 Conservative Yield, Not Zero
47:46 Legitimacy and Process
52:54 Final Verdict on the EIP