Unfortunately this proposal doesn't achieve the outcome it tries to achieve and is actually hurtful for Ethereum. It caps Ethereum staking rewards to 0% when over 50% of supply staked. What this mean is that Ethereum staking yield becomes unpredictable and even fully uneconomical activity for many, which is a negative factor for any institutional buyer who would considering taking ETH position (instead of other networks with predictable cash flows). This uncertainty has a significant adoption cost. This also means unpredictable yield for solo stakers who might be even more sensitive on pricing. For DeFi, with moving to 0% reward, this essentially makes ETH borrowing strategies mostly unviable and killing ETH borrowing and yield use-cases for ETH (only reason to borrow ETH ironically would be to short it). The only way to get ETH yield would be to stake, lock into a time period (instead of instant withdrawals in DeFi) and also have hopium ETH doesn't reach 50% staked of supply. My concern is also that those who are fine with ETH beta and yield might also sell ETH for other yielding assets such as stables for yield, very common move when rates go down in TradFi, funds flowing from stables to equities but here we will have the other way around. Could be good for DeFi but not for ETH in DeFi. From my personal take, this just makes ETH less viable as an asset and restricts its potential. I hope this proposal doesn't move fwd, otherwise we see lot of people moving their interest in other networks. There are many who share the same view. Ethereum should not be punished for its growth.(Stani)