Opposing this Ethereum EIP proposal, the reasons are: Not just because low returns would hurt independent stakers and some DeFi strategies. But more importantly, because the market has its own self-regulating mechanisms—price, opportunity cost, and yields from other chains all play a role. Forced intervention could lead to new distortions. Messing around comes at too high a cost. Here’s a quick summary of the proposal: This EIP attempts to introduce a 'progressive burn' mechanism for ETH staking rewards. The closer the staking ratio gets to 50%, the more rewards get burned. Around 50%, net returns drop to zero.