Another thing I want to reiterate is that decisions around staking yield do not happen in isolation. We have to measure the downstream effects. In 2023, liquid staking tokens became low-risk collateral after staking withdrawals were enabled, and borrowers started using them across lending markets. Active loans climbed by around 40x by late 2025 from the 2022 bottom. As an ecosystem we made ETH a productive asset, with a base rate, and that base rate made the credit market we see today possible. ETH and its liquid staking derivatives now make up over half of all DeFi lending collateral. If we aggressively reduce this yield, potentially to zero in certain scenarios, we risk handicapping a market that is on the cusp of reaching every goal we've ever set out to accomplish. The entire credit infrastructure that keeps Ethereum at the center of onchain finance was built on this rate in the last few years. These things must, without exception, be factored into every decision made around ETH yield going forward.