SharpLink opposes Ethereum plan to cut staking yield to zero

SharpLink CEO Joseph Chalom has opposed an Ethereum proposal that could eventually eliminate issuance-based staking rewards, warning that the change may weaken ETH’s appeal to institutions and raise capital costs across decentralized finance. Summary SharpLink opposes tapered issuance burn, arguing that native yield helps distinguish Ethereum from Bitcoin. Validator issuance rewards would fall to zero near a 50% staking ratio under the proposal. SharpLink stakes nearly all its ETH and has earned more than 18,000 ETH in rewards. Chalom supports controlling issuance but wants Ethereum to rely on its existing base-fee burn. SharpLink challenges Ethereum staking proposal Chalom said the proposed issuance model would damage one of Ethereum’s main economic advantages by gradually destroying part of the rewards paid to validators. The SharpLink executive referred to the plan as EIP-8363. However, the mechanism he described matches EIP-8361, the Tapered Issuance Burn proposal previously covered by crypto.news. EIP-8361 would burn a growing percentage of consensus-layer rewards as more ETH enters staking. The burn rate would reach 100% when approximately 60.25 million ETH, or about half of ...