The Ethereum Improvement Proposal EIP-8361, which aims to cap staking rewards if the staking ratio exceeds 50%, is facing overwhelming opposition from the Ethereum community. Data shows 99.7% of staked ETH holders oppose the proposal, signaling a strong likelihood it will stall before the next network upgrade. Critics, including major DeFi players like Aave, argue the cap would harm ETH credit markets and push activity to other blockchains. The Ethereum Foundation, which has authors behind the proposal, is also criticized for being disconnected from the community's needs. As debate intensifies, Ethereum's market sentiment has turned slightly negative, with prices below $2,000. The community urges the Foundation to explore other inflation control methods that do not reduce staking rewards, casting doubt on the proposal's future progress.
Avalanche's AVAX price surged nearly 50% in a week, reaching an eight-month high of $10.82, driven by institutional interest and tokenization projects. Major catalysts include Intercontinental Exchange's ongoing testing of Avalanche for tokenized US ...
Aave's new lending market on the Arc network has attracted nearly $125 million in USDC deposits, but borrowers have taken out less than $600,000, leaving over 99% of the funds unused. This low borrowing demand means depositors earn almost no interest...
