hi! stoked to share ~Subsequent Soliloquy~, a methods-forward issuance article that, from scratch, builds the plot on the right (↓). issuance discourse is jargon-laden, so i tried hard to use the intuition that helped me understand these curves.
👾🖍️📐
⟿ https://notes.ethereum.org/@mikeneuder/subsol

research && software ➝ @ethereum foundation ⟠;
https://twitter.com/mikeneuder

Thank you, this was informative. I hadn't fully understood how the "equilibrium point" is determined before.

One thing that still bothers me is the hypothetical-ness of the supply curve. I understand that's it's fundamentally unknowable, but I wonder whether we can make some assumptions about it to inform it better.

Either way, I'm curious as to how the hypothetical supply curve in the article is derived.

For example, shouldn't we assume that protocols locking up raw ETH will eventually switch to staking it "in the background" without users noticing? (Similar to what Blast is doing).
Account abstraction also removes the need to hold unstaked ETH for gas, which means less stranded unstaked ETH in random wallets.