ethrd

Tell me where my thinking is wrong: 

Lowering issuance curve + restaking could kill LSTs

If issuance is low enough LST yield (solely from issuance) won't outweigh governance + smart contract + centralization risks. Restaking offers yield LSTs won't touch. Solo staking is still attractive because MEV + restaking yield

/ethereum foundation | opinions are my own but more than likely they come from Vitalik's blog paragraph.xyz/@chaskin

the staking ratio will equilibrate to wherever the market deems is risk neutral, assuming capital flight is frictionless

changing issuance simply changes aggregate economic security

this all assumes economic rationality. which i’m not sure is always a fair assumption in this industry

janitor for /zk and some more stuff here linktr.ee/randomishwalk

the more impt question is whether taking an active approach to monetary policy is worth it

I think yes... I'm having trouble seeing a world where the staking ratio is <80% and there's a lot negative externalities that come from that

That being said it's important to throughly debate all proposals that change the protocol (monetary policy related included)