Bankless · Monday, August 10, 2026
Stani Kulechov of Aave expressed concerns that the proposed EIP for stake tapering would negatively impact solo stakers by reducing their cash flow and creating unpredictable tax consequences. He also highlighted the negative implications for institutions seeking predictability and for the DeFi ecosystem, arguing that it would reduce ETH's productivity as an asset and potentially lead to a shift towards stablecoins.
“So it really reduces the opportunity to come as a solo staker. And then the second biggest issue there is the institutional side. So obviously, institutions want predictability. They want a cash flow component, especially when they're building financial products and distribution. And this is one of the key areas why a lot of institutions come in because they have this component there. And third, really important is DeFi. So Ethereum is built on DeFi rails.”
“And a lot of this yield is actually being based on Ethereum staking. And if there is no yield on on ETH on DeFi, what it means is that ETH as an asset becomes a funding leg.”
“And those are sort of my, there's a bunch of things about the process and whatnot. So like, I think the question of this whole topic is important, but I think the consequences are extremely negative for solo stakers, institutions, and DeFi that actually built the Ethereum house.”