The incentive to stake beyond half the supply would disappear at activation, with the yield cut phasing in over 18 months.
Source: [Decrypt](https://decrypt.co/374944/ethereum-proposal-would-burn-staking-rewards-to-zero-if-half-of-eth-is-staked)
A Bitcoin holder who wants less downside exposure today usually sells the asset or shorts a perpetual futures contract, taking on funding costs and liquidation risk. On-chain options offer a third path consisting of paying a fixed premium, keeping the Bitcoin, and handing the crash risk to whoev...
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