DeFi· ★★★· neutral·

EIP-8365 proposed to exit Ethereum validators with legacy 0x00 credentials

  • EIP-8365 in Draft status would exit validators with 0x00 credentials and block new deposits using them
  • The number of 0x00 validators fell from ~600,000 to 9,290 after the Capella upgrade
  • 374 of the remaining 9,119 validators have not attested for over 6 months, and 253 have never attested in 14 months
  • The Ethereum Foundation moved $2.45 million in ETH to an unlabeled Gnosis Safe, leaving $235.46 million in ETH on its balance
Why it matters: The proposal could return ETH from validators with lost keys to circulation, but caution is needed as the rule would affect all validators in the 0x00 class.
Source: The Coin Republic