#ATENCAO ‼️ ETH | STAKING INTEREST AT 34% OF THE OFFER AND YIELD TAX CAN FALL‼️
Ethereum staking has reached approximately 34% of the total ETH supply, compared to about 29% at the beginning of 2026. In practice, roughly one-third of all ETH is currently committed to securing the network.
At the same time, researchers from the Ethereum ecosystem, including Justin Drake, presented EIP-8361, a proposal that aims to gradually reduce validator rewards as the amount of ETH staked increases.
At current levels, projections indicate that consensus yield could fall from about 2.6% to 1.2%.
⚠️ Important: the proposal has not been approved yet, and none of these changes are in effect.
📍The most interesting point is not simply the possibility that staking pays less.
The more ETH that is locked in staking, the lower the net supply available in the market. And if, alongside that, the protocol reduces issuance intended for validators, Ethereum could move toward an even more restrictive monetary structure.
📍In other words: less yield can also mean less issuance. This changes part of ETH’s economic thesis.
Treasury companies that use large Ethereum positions to generate revenue, such as BitMine and SharpLink, could see their returns pressured if a change like this is implemented.
For investors, therefore, there are two different theses:
1. ETH as an income-generating asset via staking could lose appeal.
2. ETH as an appreciation and scarcity asset could gain strength with lower issuance and a large portion of the supply committed to staking.
It’s a change worth paying attention to because reducing yield does not necessarily mean weakening Ethereum. It may mean strengthening its scarcity.
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