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Leuts.eth
@A_Leutenegger
CEO @Aragonproject | alumni @uwaterloo | delegate @lidofinance | ex-Nat Geo photographer
Joined June 2021
1.1K Following    4.8K Followers
I don't believe EIP-8363 is net beneficial for Ethereum nor ethereum:native at the moment. 1. Punishes solo stakers: pushes staking to custodians, ETFs, and exchanges. 2. Reliance on MEV: As issuance drops, MEV increases from 7% to 30% of validator revenue. MEV favors massive pools and non-neutral, censoring relays over fair block production. 3. Negative impact on DeFi (major use-case): Killing it negatively impacts DeFi lending curves and forces capital into stablecoins or BTC, turning ETH into a low-yield funding asset. 4. Predictability: institutions and big money expects multi-year horizons of stability in order to invest. If anything something like this you'd plan years away giving time for institutions to react before it happens. Ethereum's staking ratio is growing because the design works. We should ensure as much stake as possible is solo-stakers and decentralised (Lido).
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🚨 New EIP: Tapered Issuance Burn We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply. EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x & @drakefjustin 🧵
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