Stablecoins

If Ethereum’s proposed 54% reward cut passes, DeFi’s favorite loop threatens to become a daily loss machine

CryptoSlate2h agoUpdated 2h ago
If Ethereum’s proposed 54% reward cut passes, DeFi’s favorite loop threatens to become a daily loss machine
Smart Read

A newly proposed Ethereum staking reward cut, outlined in Ethereum Improvement Proposal 8361 (EIP-8361), would lower validators' yield from 2.6% to about 1.2%, a 54% reduction phased in over 18 months. The mechanism is a burn: validators lose a larger share of their consensus reward as the total amount of staked ETH…

Coins in this story

Discussion

Related stories

CoinDesk

New Ethereum proposal would cut issuance to zero if staked ETH reaches $112 billion

The EIP-8361 draft proposal calls for burning a rising share of validator rewards as the staking ratio climbs.

Decrypt

Ex-LAPD Officer Gets Life Plus 15 Years Over $350K Bitcoin Robbery

Eric Halem and his crew wore police vests to enter a Koreatown high-rise, then handcuffed a 17-year-old and took his hard drive.

CryptoSlate

The crypto project trying to replace the US banking system just pulled its 10 trillion token filing

Its Aug. 3 move stopped this Form 10 before effectiveness, leaving the maximum authorized 10 trillion Locke tokens unissued. The post The crypto project trying to replace the US banking system just pulled its 10 trillion token filing appeared first on CryptoSlate.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.