With the official adoption of proposal EIP 1559*, the future of Ethereum looks brighter than ever. However, the current volatility in crypto prices has made reaching our goal of 15 Million ETH staked a bit harder.

To combat this the Ethereum Foundation announces a limited promotion for the next 550 000 ETH to be staked through our new system. 25% APY Guaranteed for 12 months and paid in advance.

* EIP 1559 is a transaction pricing mechanism that includes a fixed-per-block network fee that is burned and dynamically expands/contracts block sizes to deal with transient congestion. The base fee is always burned (i.e. it is destroyed by the protocol). This ensures that only ETH can ever be used to pay for transactions on Ethereum, cementing the economic value of ETH within the Ethereum platform and reducing risks associated with miner extractable value (MEV). Additionally, this burn counterbalances Ethereum inflation while still giving the block reward and inclusion fee to miners. Finally, ensuring the miner of a block does not receive the base fee is important because it removes the miner's incentive to manipulate the fee to extract more fees from users. The proposal in this EIP is to start with a base fee amount which is adjusted up and down by the protocol based on how congested the network is. When the network exceeds the target per-block gas usage, the base fee increases slightly and when capacity is below the target, it decreases slightly.

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