SharpLink CEO Slams Ethereum Plan to Cut Staking Yield to Zero
SharpLink CEO Joseph Chalom has expressed opposition to a proposal that could potentially eliminate staking rewards on Ethereum. The plan, which is part of EIP-8361, would gradually reduce issuance-based rewards as more ETH enters staking, eventually reaching zero when around half of the current supply is staked.
According to Chalom, this change would weaken ETH's appeal to institutions and increase capital costs across decentralized finance. He argued that Ethereum's native yield helps distinguish it from Bitcoin, which does not produce protocol-native returns for holders.
SharpLink stakes nearly all its ETH and has earned more than 18,000 ETH in rewards. Chalom supports controlling issuance but wants Ethereum to rely on its existing base-fee burn instead of changing the reward structure.