The EIP That Wants to Cap ETH Staking at 50%

About a third of all ETH — over 41 million coins across nearly 900,000 validators — is already locked into staking. A new Ethereum proposal, EIP-8363, wants to make sure it never crosses 50%, by tapering staking rewards down to almost nothing as that threshold approaches.The proposal landed just 48 hours before the deadline to be considered for Ethereum's next upgrade, and it immediately set off one of the most heated governance fights the ecosystem has seen in years.We brought on both sides. Jérôme de Tychey, one of the EIP's co-authors and a solo staker since Ethereum's genesis, makes the case that an unchecked staking ratio threatens the network's neutrality and security. Mike Silagadze, CEO of ether.fi, argues the fix is worse than the disease — that it would push out solo stakers, gut DeFi, and hand more power to the biggest institutional players it claims to guard against.At the center of it all: does Ethereum have a real problem with how much ETH is staked, or is this a solution in search of a crisis?Jérôme has a public bet on the table with a co-author. Mike has one of his own, worth a million dollars. Neither is backing down.Guests: Jérôme de Tychey (EIP-8363 co-author) | Mike Silagadze (CEO, ether.fi) Topics: Ethereum, EIP-8363, staking, issuance, solo stakers, DeFi, liquid staking tokens, ether.fi, Lido, Ethereum governance