ethrd

A simple change to issuance like this will not stop LST dominance but it WILL kill off many Rocket Pool node operators who are far more sensitive to rate changes. 

If the goal is to keep Ethereum's solo stakers relevant, than this approach is not sufficient. 

1/n

Rocket Pool Community Advocate, former pDAO treasurer, shared oDAO member, incentives management committee, $DIVA delegate, rugged by Musk

Is your LST safe?

Going from 3.5% to just over 2% yield at the current amount staked will have demonstrable impacts on home stakers! We cannot push this upgrade into Electra without understanding these impacts. 

Lowering staking yield will incentivize solo stakers to go out on the risk curve w/ restaking/abandoning node to hold LSTs.

I strongly believe this proposal will harm solo stakers and benefit LSP dominance, even if it limits the total amount staked. 

I support MVI, but I am far from convinced that this is viable.