Issuance Issues — Initial Issue

The article by Mike Neuder, written with input from Caspar Schwarz-Schilling and Ansgar Dietrichs and dated March 30, 2024, argues that Ethereum should make a deliberate decision about its issuance curve before the upcoming Electra fork, and it argues for changing that curve. It notes that staked ETH stood at about 31 million of a 120 million supply in March 2024, a 26% stake rate, above the 30 million ETH target the current curve was based on. The authors also list factors they expect to drive further staking growth over the next one to two years, including ETH price appreciation, restaking demand, and high interest rates.