Consensus-layer Call 126

[djrtwo]

Consensus-layer Call 126

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Meeting Date/Time: Thursday 2024/1/25 at 14:00 UTC
Meeting Duration: 1.5 hours

youtube

1. Deneb
   • testnets/testing/etc
2. Electra discussions
   • Electra EIPs for discussion consensus-specs#3449
     • quick high level description of EIP
     • some notes on relative complexity -- in general/comparisons to prior work, components it touches, cross-layer, etc
     • discussion
3. Research, spec, etc
   • stake participation targeting
4. Open Discussion/Closing Remarks

[timbeiko]

On ACDE179, EL teams signalled that they'd like to prioritize EIPs 2537, 6110 and 7002 in the next fork. Given the latter two involve the CL, it'd be good to confirm if CL teams also think this should be prioritized.

Also, are we officially going with 'Pectra' 😄 ?

[adietrichs]

I would like to briefly talk about the ongoing research on the Ethereum staking rewards mechanism, to flag it as a potential source for another Electra EIP.

With that context, @anderselowsson then would like to touch on some of his work on this topic.

[anderselowsson]

With that context, @anderselowsson then would like to touch on some of his work on this topic.

I have recently been studying the effect of issuance level on various important features such as consensus incentives and reward variability for solo stakers. If we are to temper issuance in Ethereum, then my recent ethresearch post can be helpful for understanding the options available, including the existing limits. A moderate approach in this case seems like the best avenue. The reason is that an equilibrium enforced through a more aggressive reduction in issuance can unbalance the economic forces (MEV vs issuance), rendering the micro incentives of the consensus mechanism ineffective. The overall topic is the subject of active research at the moment, so I simply wished to highlight this and refer to the post for a deeper understanding. I may not necessarily need to bring it up in the chat.

[ralexstokes]

Also, are we officially going with 'Pectra'

Petra please

[djrtwo]

Some pre-call Electra preferences from a few CL teams:

• Prysm
• Lodestar
• Lighthouse