EIP-8361 just dropped: proposal to cap $ETH staking at 50% of total supply.

The play: Taper issuance + burn validator rewards as staking participation climbs.

Bullish case: Stops massive supply lockup, protects holders from yield dilution.

Bearish case: Aave founder and others flagging serious risks to DeFi strategies.

This isn't just governance theater. If it passes, it reshapes $ETH tokenomics and could force major protocol pivots. Watch how liquid staking protocols and lending markets react.