Ethereum Slams the Brakes on Staking, DeFi Giants Open Fire
- A proposal called EIP-8363 was submitted, which suggests stopping new rewards to validators when the staking ratio hits 50%.
- Currently, over 40 million ETH is staked, representing 33% of the total supply.
- The proposal aims to prevent centralization but may disproportionately affect independent stakers, whose income could be nearly halved.
- The DeFi ecosystem relies on Ethereum's staking yield as a benchmark, and a reduction in yield could destabilize various lending protocols.
- The transition could lead to higher taxes for validators, further pushing independent operators out of the market.
On August 4, a significant proposal known as EIP-8363 was introduced to the Ethereum forum, suggesting that when the staking ratio reaches 50%, new rewards for validators would cease, and all consensus-layer income would be burned. This proposal comes as Ethereum has over 40 million ETH staked, which accounts for 33% of its total supply.
The proposal has sparked immediate backlash from key members of the DeFi community, including those from Aave and Lido, who are concerned about the potential negative impact on independent stakers. These stakers, who currently represent only 5.4% of the network, could see their income drop significantly, threatening the decentralization ethos of Ethereum.
Furthermore, the proposal poses risks to the broader DeFi ecosystem, as Ethereum's staking yield serves as a critical benchmark for various lending protocols. A reduction in this yield could lead to a revaluation of numerous assets and strategies within the DeFi space, potentially triggering a sell-off of liquid staking tokens (LSTs) in favor of native ETH.
Additionally, validators may face increased tax burdens due to the structure of the proposal, which could further disincentivize independent operators from participating in the network. The overall implications of EIP-8363 could have far-reaching effects on both the Ethereum network and the DeFi landscape.
以太坊停止质押奖励，DeFi巨头发声
8月4日，一项名为EIP-8363的重要提案被提交至以太坊论坛，建议当质押比例达到50%时，停止对验证者的新奖励，并烧毁所有共识层收入。该提案的提出正值以太坊已有超过4000万ETH被质押，占其总供应量的33%。
该提案立即引发了DeFi社区关键成员的强烈反对，包括来自Aave和Lido的成员，他们担心对独立质押者的潜在负面影响。这些质押者目前仅占网络的5.4%，其收入可能大幅下降，威胁到以太坊的去中心化理念。
此外，该提案对更广泛的DeFi生态系统构成风险，因为以太坊的质押收益是各种借贷协议的重要基准。收益的减少可能导致DeFi领域内多种资产和策略的重新估值，可能触发对流动质押代币（LST）的抛售，投资者转向原生ETH。
此外，由于提案的结构，验证者可能面临更高的税收负担，这可能进一步使独立运营者失去参与网络的动力。EIP-8363的整体影响可能对以太坊网络和DeFi格局产生深远影响。