Ethereum staking reward burn proposal EIP-8363 pulled from Hegota upgrade
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The co-authors of EIP-8363, a proposal to burn a rising share of Ethereum validator rewards as more Ethereum (ETH) is staked, have withdrawn it from consideration for the network's Hegota upgrade.
Key facts
- Under the EIP, the share of rewards burned would climb with the total level of staked ETH and would reach 100% at about 60.25 million ETH, or roughly half of the supply
- Researchers including the Ethereum Foundation's Justin Drake, Pintail, de Tychey, dapplion, pa7x1 and Ladislaus von Daniels proposed the "Tapered Issuance Burn" on Aug
- Withdrawing EIP-8363 from consideration for Hegotá," co-author Jérôme de Tychey, president of Ethereum France, wrote in an X post on Thursday morning
- The co-authors of EIP-8363, a proposal to burn a rising share of Ethereum validator rewards as more Ethereum (ETH) is staked, have withdrawn it from consideration for the network's Hegota upgrade
Summary
"Withdrawing EIP-8363 from consideration for Hegotá," co-author Jérôme de Tychey, president of Ethereum France, wrote in an X post on Thursday morning. De Tychey said several industry participants, as well as core protocol and client contributors, argued during Hegotá's Consideration for Inclusion (CFI) process that "a fork scoping exercise was not the right venue to settle an issuance policy change. "The team agree and they'd rather acknowledge this now than carry on towards Hegotà in this context," he wrote, noting that the proposal had become " one of the most commented-on EIPs in the history of the Ethereum-Magicians forum. The authors committed to a separate process for determining questions of Ethereum's issuance policy.