PRACTICAL ENDGAME ON ISSUANCE POLICY

Summary from the TLDR Crypto newsletter

This comprehensive proposal outlines two potential approaches to Ethereum's long-term issuance policy. The first is a “hard endgame” that caps stake growth through negative infinity yields as stake increases, and the second is a more viable endgame that maintains positive yields while probabilistically limiting stake growth. The proposal recommendeds to set a maximum issuance of 0.5% of circulating supply annually with reward curves that maintain solo staker viability. It notes the importance of considering and burning MEV to achieve optimal outcomes.