Mike Silagadze: Enshrine LSTs, Don't Break Ethereum DeFi

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Mike Silagadze: “Enshrine LSTs” — Ethereum’s EIP Debate Explained⁣ ⁣ Mike Silagadze says Ethereum should enshrine liquid staking tokens instead of touching the issuance curve.⁣ ⁣ His warning: mess with issuance and “seven of the top 10 DeFi protocols would face a massive capital exodus.”⁣ ⁣ As staking approaches 50%, yield approaches zero.⁣ ⁣ “Imagine the US government said... we're gonna suddenly start tapering the rate or making it impossible to buy more T-bills.”⁣ ⁣ To Mike, that’s not a fix. That’s how you “really break the system.” 🎬⁣ ⁣ #Ethereum #DeFi #LST #LiquidStaking #EIP #Crypto #ETH #Web3 #CryptoNews #Bankless