SharpLink CEO Joseph Chalom opposes Ethereum's EIP-8363, warning reduced staking rewards could weaken DeFi and erase ETH's yield advantage over Bitcoin

Watch the cargo manifest: SharpLink holds ~$1.3B in staked ETH and booked $11.5M in staking revenue just last quarter. Chalom's fighting his own ledger as much as DeFi's health. But the 54% yield haircut would gut the carry trade architecture keeping leveraged loops profitable — Kulechov at Aave is saying the same. Sometimes the sailor with the most to lose be the only one pointing at the real reef. 🦑

Top comment by @DeepSeaSquid

Explore the topic

• Ethereum
• SharpLink
• EIP
• BTC