Is Ethereum Printing Too Much ETH? | Jerome de Tychey
Ethereum pays validators with newly issued ETH but how much is actually needed to keep the network secure? In today’s episode, we’re joined by Jerome de Tychey to explore whether Ethereum could reduce issuance without compromising security. We unpack the debate around EIP-8363, why it was withdrawn from consideration for Hegotá, and what changing staking rewards could mean for ETH holders, solo stakers, and DeFi. We discuss: How Ethereum’s issuance and fee burns work The case for changing staking rewards EIP-8363 and the pushback it received Ethereum’s transition toward post-quantum security Whether staking competes with productive DeFi activity Could lower yields push capital into other chains? How excessive staking could make network capture harder to contest What dilution and taxes mean for solo stakers And much more—enjoy! — Timestamps: (00:00) Introduction (02:50) How Ethereum creates new ETH (06:52) ETH issuance versus fee burns (10:04) EIP-8363’s proposed rewards curve (11:36) Why EIP-8363 was withdrawn (12:06) Ethereum’s post-quantum transition (23:19) Staking through market cycles (34:43) Is staking competing with DeFi? (35:47) Could lower yields drive exits? (41:30) Security, centralization, and network capture (47:51) Solo staking, taxes, and dilution (58:11) Ethereum’s long-term trade-offs — Follow our guest: Jerome de Tychey: https://x.com/jdetychey — Links: Sharing EIP-8363: https://x.com/jdetychey/status/2084638778677751889?s=20 Withdrawing EIP-8363 from consideration for Hegotá: https://x.com/jdetychey/status/2105592200696607103 Ethereum upgrades tracker: https://forkcast.org/ — Follow the co-hosts: https://x.com/hildobby https://x.com/0xBoxer https://x.com/sui414 Follow the Indexed Podcast: https://x.com/indexed_pod — The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414. Subscribe/follow the show and leave a comment to help us grow the show! — DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.




