Stani Kulechov, founder of Aave, believes the newly submitted EIP-8361 "Tapered Issuance Burn" proposal will undermine ETH's asset attractiveness rather than achieve its intended goals.

He points out that once staked ETH exceeds 50% of the total supply, the proposal would reduce Ethereum staking rewards to 0%, making staking yields unpredictable and potentially economically unviable—harmful to institutional investors and solo stakers planning to hold ETH.

Stani Kulechov also notes that if staking yields drop to zero, ETH lending strategies would become largely infeasible, impacting DeFi applications built around ETH lending and yield generation; some holders may shift toward other interest-bearing assets such as stablecoins.

EIP-8361 was jointly submitted by multiple developers, including Jerome de Tychey.