A New Proposal Would Reduce the Amount of Staking on Ethereum. Here's What It Means for Investors.
This proposed change could be bullish for holders.
Overview
Staking Ethereum (CRYPTO: ETH) pays about 2.6% a year in yield. About 35% of the coin's supply was staked as of Aug. 18. On Aug. 4, a group of six researchers filed a draft Ethereum Improvement Proposal (EIP), EIP-8363, to taper that yield dramatically.
The chain's core developers declined to advance the proposal just two days later, but the fight over EIP-8363 started is still running, and it's worth understanding. Here's what you need to know.
Image source: Getty Images.
Details
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Originally published at www.fool.com.
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