This is so disappointing on every level. EIP released with 48 hours notice for comments. Realistically 4 months before it goes live. For a major network economics change with far reaching implications for all of DeFi. Every builder on Ethereum opposes this. Why is this a focus? None of the reasoning makes any damn sense. This will self evidently push out solo stakers who aren't subsidized by the EF or others. It will essentially guarantee that the only ones staking are large centralized entities with zero cost of capital where users passively hold their ETH. Why? It will obviously kill a huge chunk of DeFi which is built around the staking ecosystem. Seven of the top 10 DeFi protocols with face a capital exodus. Why? Is the idea that a 0.8% reduction in issuance is somehow going to help ETH price? People who stake ETH don't sell it. This change will halt any new ETH getting staked and realistically will result in tens of billions of $ of ETH getting unstaked and entering into the market, not to mention the implosion of the core Ethereum use case. Why? Is the concern that liquid staking tokens, which intermediate about a quarter of staked ETH, displace ETH as money? This reasoning betrays a cash-accounting level of understanding of the economy, as if only M1 counts as real money. LSTs serve as valuable building blocks, and in fact implement a lot of user protections that would not be appropriate to do at the network level. At a near zero cost of 10-15 bps. I say this as a builder on Ethereum, not as someone who stands to benefit from staking issuance. I don't have much at risk here. Almost all of @ether_fi revenue is now coming from vaults and payments, staking is a small (and shrinking) part of our business. This is bad for decentralization, this is bad for Ethereum adoption, and this is bad for the credibility of the network to roll things out this way. This reinforces the Ethereum critics' position that the network is run by a small group of insiders with no regard for the actual users and builders on the chain. I can say that neither I nor any builder I know was asked for feedback on this before it went live. Any nation state or large institution looking at this will justifiably have a dramatic loss of confidence in the governance and stability of Ethereum.

Happy 11th Birthday, Ethereum! 🎉 Today, we celebrate not just a blockchain, but a global community built on openness, collaboration, and continuous innovation. At ECH Institute, it has been our privilege to support the Ethereum protocol through education, EIP coordination, community calls, livestreams, tooling, and public resources that make protocol development more accessible to everyone. Here’s to another year of building in the open and strengthening the Ethereum ecosystem together. Happy Birthday, Ethereum! 💜 @ethereum @ethereumfndn #Ethereum11#

Happy Birthday Ethereum, click the link to join the party. You get 11x11 pixels and 11 colors to make something fully onchain. Then you share your link. Everyone who draws through your link connects to yours. Everyone who draws through theirs connects to them. By tomorrow the canvas will combine everybody’s work and present a picture of how Ethereum is formed, the way it always has been; from person to person, and from block to block. The canvas is open for 24 hours, and it keeps growing the whole time. When it closes, your square sits next to your friends’ for as long as Ethereum runs for forever. Long live the world computer. Start drawing now, mint opens in 1 hour at

11 years ago, Ethereum introduced a new way for the world to build together. Since then, it has grown through countless ideas, EIPs, upgrades, breakthroughs, challenges, & most importantly the people who never stopped believing in an open, decentralized future. To celebrate Ethereum’s 11th Anniversary, the Avarch team put together a short AI video honoring this incredible journey. Happy Birthday, Ethereum! 🦇🔊💜 🎥👇 #Ethereum# #Ethereum11# #BuildOnEthereum# #Community#