EIP-8363's gentle transition is already a 16% reward cut
· 4 min read
EIP-8363 arrived in the EIPs repository yesterday with a cushion: double the base reward factor at activation, then decay it back to today's value over 18 months. That sounds like a gentle start. At Ethereum's current active effective balance, it is already a 16.0% cut to the net consensus reward curve.
The reason is simple. The proposal doubles gross duty rewards, but it also burns 58.0% of each doubled reward. A fully performing duty nets 84.0% of what the current curve pays.