Ethereum Slams the Brakes on Staking, DeFi Giants Open Fire
- A proposal called EIP-8363 suggests that when the staking ratio hits 50%, all rewards to validators will be burned.
- Currently, over 40 million ETH is staked, accounting for 33% of the total supply.
- The proposal aims to prevent centralization but may disproportionately affect independent stakers.
- Consensus-layer issuance currently accounts for 93% of total validator revenue, and cutting this could harm small capital stakers.
- The proposal could lead to a significant decline in DeFi protocol revenues, impacting the entire ecosystem.
On August 4, a significant proposal known as EIP-8363 was submitted by Justin Drake and five core developers on the Ethereum forum. The proposal suggests that when the staking ratio reaches 50%, the protocol will cease to issue new rewards to validators, opting instead to burn all consensus-layer income.
Currently, Ethereum has over 40 million ETH staked, which represents 33% of its total supply. The proposal has sparked immediate backlash from key members of the DeFi community, including Aave and Lido, due to concerns that it could disproportionately harm independent stakers while benefiting larger service providers.
The implications of this proposal are vast, as consensus-layer issuance accounts for 93% of total validator revenue. If this revenue stream is cut, independent stakers, who already face high operational costs, may find it increasingly difficult to remain viable. Furthermore, the proposal could destabilize the entire DeFi ecosystem, as many protocols rely on staking yields as a benchmark for their operations.
As the proposal is set to be discussed in an upcoming meeting, the Ethereum community has only a short window to respond to this potentially transformative change in staking policy.
以太坊暂停质押，DeFi巨头发声
8月4日，Justin Drake和五名核心开发者在以太坊论坛上提交了一项名为EIP-8363的重要提案。该提案建议，当质押比例达到50%时，协议将停止向验证者发放新的奖励，而是选择销毁所有共识层收入。
目前，以太坊有超过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Aave和Lido，因其担忧这可能会对独立质押者造成不成比例的伤害，同时使大型服务提供商受益。
该提案的影响是巨大的，因为共识层的发行占总验证者收入的93%。如果这一收入来源被削减，已经面临高运营成本的独立质押者可能会发现维持生存变得越来越困难。此外，该提案可能会动摇整个DeFi生态系统，因为许多协议依赖于质押收益作为其运营的基准。
随着该提案即将在即将召开的会议上进行讨论，以太坊社区只有短暂的时间来回应这一可能改变质押政策的重大变化。