The share of ETH supply staked has climbed to 34%, up from about 29% at the start of the year.
With staked supply reaching one-third of total Ethereum (ETH), there have been questions regarding the sustainability of native yield on Ethereum.
On Aug. 4, researchers including Ethereum Foundation's Justin Drake filed EIP-8361, a "tapered issuance burn" that destroys a growing share of validator rewards as the staking ratio rises.
The burn hits 100% at half of the current supply, zeroing out net issuance for validators past that point.
At today's roughly one-third staking ratio, the authors' own modeling puts annual consensus yield falling from about 2.6% to 1.2%, phased in over 18 months rather than all at once.
