EIP-8363: Should ETH Be Sound Money or a Productive Asset?

We don't really have a $100,000,000,000 of security. We really have 5,000,000 a day at the current curve. And depending on, you know, what people think about equilibrium for this new one, it might be a million dollars a day or less. And I don't really know if that's enough to protect the kind of a a trillion dollar computer like we want it to be.

Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, newly back from vacation. Thank you so much for joining this livestream. First, we'll start with with a quick word from this This episode is brought to you by one inch Aqua, the shared liquidity layer from one inch. Back multiple liquidity positions with one wallet balance and keep your tokens in your wallet until a swap fills. See how it works at 1inch.com/aqua. Today's topic is EIP eight thousand three and sixty three, the Ethereum Improvement Proposal about ETH issuance, which has kic

Thank you for having us. Welcome, everyone. I'm the

president of Ethereum France, not of the foundation yet, but glad glad you made

the news. Did I say the foundation? I meant to say France. I meant to say France.

Yeah. It's it's two separate entities, but we we like each others.

Okay. Okay. Sorry. That that's probably some jet lag brain. Alright. So, Jerome, since you are actually one of the authors of this EIP, let's have you start. Explain what problems you're trying to solve for with EIP eight three six three.

Sure. So we today have a curve that rewards the validators. If you put ETH at stake, you become a validator and you get rewarded. And under today's curve, the more ETH is staked, the more ETH is printed. We print new ETH to reward the validators, and there are incentives to stake that never really switches off, reward continues to appear and to pay whatever the staking ratio is, how many EFI are at stake, so at the same time every holder that doesn't stake pays for the staking through delusion, and thus we want to implement a mechanism that burn a rising portion of the validator rewards, so th

And so why did you come up with this as the best solution?