POPA Recon$LDO $ETHFI plummets due to proposal to reduce Ethereum staking rewards
$LDO $ETHFI plummets due to proposal to reduce Ethereum staking rewards If the proposed EIP-8361 is passed With approximately 33% of total ETH currently staked, the ETH staking rate of return will drop from approximately 2.6% to 1.2%. When the staking ratio reaches 50%, the rate of return can drop to 0%. Currently, Lido holds 21% of all staked ETH, Binance holds 7.9%, and EtherFi holds 4%. The overall DeFi market may be shaken by this yield cut, and protocols such as Aave and Fluid, leveraged platforms that repeatedly deposit and lend LST and ETH, are likely to be greatly affected. Bitmi…
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