Uncommon Core 2.0
Ethereum’s Staking Endgame
Mar 22, 2024
Ansgar and Caspar from Ethereum Foundation propose changes to ETH staking economics to prevent over staking. Topics include PoS economics, liquid staking, restaking, centralization concerns, and taxes. They discuss targeting stake ratios, the role of LSTs, MEV, and security. The episode delves into the complexities of economic security, validator decentralization, and stake targeting in the Ethereum ecosystem.
02:23:47
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Quick takeaways
- Proposals aim to optimize Ethereum's staking economics for sustainability, targeting specific participation rates and issuance adjustments.
- Ethereum transitions towards finalizing and stabilizing its development roadmap, emphasizing long-term protocol designs for ecosystem stability.
Deep dives
Research Motivation and Objectives
The episode discusses two proposals co-authored by researchers at the Ethereum Foundation, exploring the endgame of staking economics in Ethereum. The first proposal introduces the concept of targeting a specific staking participation rate, potentially even going negative. The second proposal is focused on altering the issuance curve to better align with the post-beacon chain environment and evolving staking landscape. The researchers aim to address the unsustainability of current staking economics, leading them to envision a future where issuance policy changes are minimized, achieving a stable and sustainable staking ecosystem.
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