Mippo 🟪(@MikeIppolito_):Full agree. My first reaction to this was a feeling of exhaustion. It's demotivating that the EF is devoting any time to this. The existential issue for Ethereum is activity moving to other chains. Killing yield just harms the only use case that's currently working.

2026.08.05 13:15

Full agree. My first reaction to this was a feeling of exhaustion. It's demotivating that the EF is devoting any time to this. The existential issue for Ethereum is activity moving to other chains. Killing yield just harms the only use case that's currently working.

Sonya Kim@sonyasunkim

2026.08.05 12:01

This proposal misses what the incremental ETH buyers (TradFi) actually want, while creating infighting among Ethereum’s long-term supporters (DeFi). It’s not clear to me who it’s supposed to serve. TradFi wants: - Yield: even inflationary yield. ETF issuers are increasingly excited about passing staking yield to holders - Revenue: Ethereum needs a clear line of sight to sustainable monetization - The real issue: incremental users/liquidity have been going to Base and Robinhood Chain, not mainnet. Better to focus on growth (driving mainnet onboarding and usage, or monetizing L2s) than on austerity DeFi cares about: - Native ETH yield, which makes up a real chunk of some app revenues. Killing it overnight alienates builders and long-term supporters - Credible neutrality: OGs are ideologues on this, and issuance being changeable by a few individuals undermines it