wrote down some thoughts with @ansgar.eth, exploring the status quo of staking economics, its drawbacks as we see them, and what the endgame of staking economics could look like + what we should do in the short term until endgame.

An important point from two fresh write-ups by @caspar and @ansgar.eth! We should give our users maximum ease of use and utility from their Ethereum money; not force them to either expend energy economizing on liquidity, or otherwise see their savings eroded.

Ethereum protocol R&D. Admirer of emergent order.

Developing transparent finance for @ethereum

The concept of dilution (both of stakers and non-stakers) is important to keep in mind when we evaluate outcomes. The effect becomes very relevant at higher issuance rates, and their visual presentation illustrates this neatly.