I support EIP-8361.
People keep saying, “It’s only 0.5-0.75% inflation.”
No. It’s $1.5-2B of ETH issuance every year.
That money subsidizes loopers, early stakers, LST/LRT protocols, and a huge part of DeFi whose business model depends on staking yield. Much of it is simply looping different wrappers of the same ETH against each other to amplify returns.
On top of that, many of these protocols launched their own tokens and extracted even more value through token incentives and emissions.
A large share of Ethereum’s TVL is tied to these recursive strategies. This should have ended a long time ago.
If you want higher staking yields, build products that generate real fees and distribute those fees to validators and stakers.
Stop funding the ecosystem through perpetual ETH inflation.