[DigitalToday reporter Chi-gyu Hwang] Sharplink CEO Joseph Chalom (조지프 샬럼) has opposed a draft Ethereum improvement proposal, EIP-8363, that seeks to limit the total amount of staked ETH by gradually burning validator rewards, The Block reported on Thursday.

Chalom criticised the draft in a post on X, saying it would shake DeFi and remove a key ETH strength compared with bitcoin, and that it came at a time when the network needs institutional momentum, the report said.

The proposal, known as a "Tapered Issuance Burn", is designed to increase the share of consensus-layer rewards that are burned as the staking ratio rises, reaching a 100 percent burn rate when about 50 percent of ETH supply is staked. EIP-8363 has sparked debate, and critics say it is particularly unfavourable to individual stakers and could weaken Ethereum security, The Block reported.

The draft's authors, including Ethereum Foundation researcher Justin Drake (저스틴 드레이크) and EthCC founder Jerome de Tychey (제롬 드 티셰이), argue that limiting the total amount of staked ETH through market principles could be a way to reduce dilution of non-stakers.

Chalom, a former head of digital asset strategy at BlackRock, said he had no personal feelings and that the authors are serious researchers. He also said the staking yield effectively serves as an on-chain market benchmark rate and supports liquid staking tokens, lending protocols and capital allocation.