2min chapter

Bankless cover image

170 - Burning MEV with Justin Drake and Dom

Bankless

CHAPTER

The Benefits of Giving ETH to Birds

In EIP 1559, protocol engineers decided not to just give the Ether Award to those who are staking. They instead gave it to all of the birds in the entire flock - whether they're inside a pond or outside on the edges and sitting on their eggs. This reduces supply for anyone who holds ETH by reducing totalETH supply.

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