Ethereum (ETH) Staking Surges as EIP-8363 Targets Validator Rewards and Treasury Yields - Crowdfund Insider
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4 Articles
EIP-8363 Would Cut Ethereum Staking Yield to About 1.2%
Ethereum’s staking debate has moved from how many validators the network can attract to whether it is paying them too much. Roughly 41.9 million ETH is now staked, representing about 34% to 35% of the network’s supply depending on the data provider and supply denominator. StakingRewards placed the ratio at 34.76% on August 14, while validator-queue data showed roughly 41.9 million ETH committed and a large entry queue still waiting to activate. …
Key points of the news: Bitfinex addressed the debate opened by the EIP-8363, a proposal that proposes to reduce to zero the rewards of validators in Ethereum. The proposal, published in August, did not exceed the first formal stage of the process of updating the network and did not get support from any team. Founders of Aave and Ether.fi warn that eliminating the base performance of the staging would affect seven of the ten major DeFi protocols…
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