The EF is shrinking. Researchers are leaving. Vitalik says ETH is "the most high-value product" and CROPS is the new mandate. What does that all mean for Ethereum? @0xzak @gregthegreek join @laurashin Today at 1 pm ET Join us on: X - x.com/Unchained_pod YouTube - youtube.com/channel/UCWiiMns… or PumpFun - pump.fun/coin/GgzH3GfJaZbkRt…

Ethereum was online thanks to my validator in my own home among tens of thousands of other people.

Given the graveyard of in-protocol funding EIPs, this was a talk @clesaege & i went into with some trepidation 🤞 the clever part is it doesn't affect issuance amount so much as redirect it to attain the following nash equilibrium, loss of staking revenue = E [Extra Value to ETH] our plan is to put this proposal forth as an EIP. the next sections tackle the how, why and what next [A] how would it work? an ethereum hard fork where operators are required to signal 3 things; (1) the amount of gas limit they can handle (already exists) (2) the amount of staking rewards redirected to ethereum growth (3) the recipient addresses they want to redirect it to if a majority puts up their flag for a non-zero amount in (2), then all validators must give up that share of staking rewards to prevent free riding condorcet voting then gets applied to the preferences indicated in (3) to arrive at - the final list of addresses receiving funding from validators and - the amounts they each get this is set & forget voting, which only needs updating by operators if their preferences on recipient addresses and amount redirected changes [B] Why will it be used? 1. Improve operator UX: common feedback we heard from validators is that operator UX is terrible. collectively using a share of staking rewards to fund developer teams that propose solutions lowering the costs of being a staker is an economically rational decision 2. Increase value of principal: most validators care about the value of their underlying 32 ETH more than the yield they get from staking it so if redirecting a part of staking rewards to projects like quantum resistance, lean ethereum, etc increases the value of ETH, it is rational for them to do so 3. Competitive Pressures: Currently, validators choose staking operators purely on a financial basis of risk vs return. With this change, they would begin choosing based on factors like redirect amounts and who it is being sent to, forcing operators to adapt to demands from their customers [C] What Next? - Over the next month, we plan on a technical implementation of the idea in collaboration with the @ethvaorg - we would then put it forth as a formal EIP for debate & discussion, along with asking validators to signal support or distrust for the EIP on the ethva hub. - unless serious issues are raised, argue for its inclusion in the hard fork after Hegota (early 2027), which is currently seeking ideas for improving ETH issuance acc to the strawmap get in touch if you have ideas or want to help!

Given the graveyard of in-protocol funding EIPs, this was a talk @clesaege & i went into with some trepidation 🤞 the clever part is it doesn't affect issuance amount so much as redirect it to attain the following nash equilibrium, loss of staking revenue = E [Extra Value to ETH] our plan is to put this proposal forth as an EIP. the next sections tackle the how, why and what next [A] how would it work? an ethereum hard fork where operators are required to signal 3 things; (1) the amount of gas limit they can handle (already exists) (2) the amount of staking rewards redirected to ethereum growth (3) the recipient addresses they want to redirect it to if a majority puts up their flag for a non-zero amount in (2), then all validators must give up that share of staking rewards to prevent free riding condorcet voting then gets applied to the preferences indicated in (3) to arrive at - the final list of addresses receiving funding from validators and - the amounts they each get this is set & forget voting, which only needs updating by operators if their preferences on recipient addresses and amount redirected changes [B] Why will it be used? 1. Improve operator UX: common feedback we heard from validators is that operator UX is terrible. collectively using a share of staking rewards to fund developer teams that propose solutions lowering the costs of being a staker is an economically rational decision 2. Increase value of principal: most validators care about the value of their underlying 32 ETH more than the yield they get from staking it so if redirecting a part of staking rewards to projects like quantum resistance, lean ethereum, etc increases the value of ETH, it is rational for them to do so 3. Competitive Pressures: Currently, validators choose staking operators purely on a financial basis of risk vs return. With this change, they would begin choosing based on factors like redirect amounts and who it is being sent to, forcing operators to adapt to demands from their customers [C] What Next? - Over the next month, we plan on a technical implementation of the idea in collaboration with the @ethvaorg - we would then put it forth as a formal EIP for debate & discussion, along with asking validators to signal support or distrust for the EIP on the ethva hub. - unless serious issues are raised, argue for its inclusion in the hard fork after Hegota (early 2027), which is currently seeking ideas for improving ETH issuance acc to the strawmap get in touch if you have ideas or want to help!

Building a permanent way to fund the Ethereum ecosystem opens up a lot of questions: ▸ How should validators signal their preferences? ▸ How do you keep the protocol changes minimal? ▸ Which funding mechanisms actually align validators with the ecosystem? @devanshmehta and @clesaege addressed this at @EthCC[9] ↓

Cannes wraps today. Yesterday EVA hosted its second Validator Symposium and the room showed up. Validators, staking operators, the EF, and protocol stakeholders spent the evening on the topics that matter to the people actually running the infrastructure. Economics, governance, the EIPs that affect their operations directly. People came with data and strong positions and the debates were truly engaging. Buenos Aires last November was the first time this group had a table. Cannes was the second. The conversations got sharper. One thing we kept hearing was that operators want a way to weigh in on EIPs without waiting for the next event. So we showed them EVA Hub, our stake-weighted signaling platform where validators can connect via the deposit contract and vote on active proposals. Individual signals stay private, only aggregate sentiment gets published. Every other stakeholder group in Ethereum has a place to coordinate. Validators didn't, until EVA started these conversations. The people securing $140B in staked ETH deserve a seat when protocol decisions get made. We'll publish notes from the symposium on ethva.org/blog/. If you operate validators or staking infrastructure and want in on future events, follow along. Thank you to everyone who came to Cannes..@EthCC

Tomorrow in Cannes, EVA hosts its second Validator Symposium, bringing validators, staking operators, and protocol stakeholders together to discuss validator economics, institutional staking realities, and the EIPs shaping what comes next. Speakers: @patmilkgallon — @ethcforg / EVA Lukasz Kadziela & Yves Holenstein — Bitcoin Suisse @ralexstokes — Ethereum Foundation Invite only. Doors at 4:30 PM. Programming at 5:00 PM. Buenos Aires showed what happens when validators have a real forum and Cannes continues it.

Tomorrow in Cannes, EVA hosts its second Validator Symposium, bringing validators, staking operators, and protocol stakeholders together to discuss validator economics, institutional staking realities, and the EIPs shaping what comes next. Speakers: @patmilkgallon — @ethcforg / EVA Lukasz Kadziela & Yves Holenstein — Bitcoin Suisse @ralexstokes — Ethereum Foundation Invite only. Doors at 4:30 PM. Programming at 5:00 PM. Buenos Aires showed what happens when validators have a real forum and Cannes continues it.

Tomorrow in Cannes, EVA hosts its second Validator Symposium, bringing validators, staking operators, and protocol stakeholders together to discuss validator economics, institutional staking realities, and the EIPs shaping what comes next. Speakers: @patmilkgallon — @ethcforg / EVA Lukasz Kadziela & Yves Holenstein — Bitcoin Suisse @ralexstokes — Ethereum Foundation Invite only. Doors at 4:30 PM. Programming at 5:00 PM. Buenos Aires showed what happens when validators have a real forum and Cannes continues it.