Maximum Viable Security (MVS): a new framework for Ethereum Issuance

Excited to share a new paper in collaboration with @SteakhouseFi, where we derive a new monetary policy framework from the core values of Ethereum – security and neutrality:

🧵👇🧵ethresear.ch/t/maximum-viab… TLDR: MVS maximizes security without compromising scarcity, while MVI minimizes issuance without compromising security.

We derive MVS from first principles, and apply it to issuance reduction by studying staked ETH concentration with Coinbase and solo stakers’ cost structures.