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Issuance hits zero

Once that 50% threshold is reached, the reward deduction hits 100%, phased in over 18 months.

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Who's behind it

Authors include Ethereum Foundation's Justin Drake and ETHCC co-founder Jerome de Tychey, who argue extra staking now brings diminishing security value.

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Why builders are worried

Critics say cutting issuance could push out smaller solo validators while favoring large custodial staking providers.

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Institutions want certainty

Bitwise's Steve Berryman argued institutional adoption depends on predictable monetary policy, and mid-course issuance changes undercut that.

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Tight timeline

EIP-8363 was published just two days before the deadline for proposals targeting Ethereum's next upgrade, raising concerns there isn't enough time to weigh its impact.

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