The Ethereum Foundation has just issued a grading table for 62 proposals.
Only two received S grade—"must do".
One is about censorship resistance.
One is about changing gas.
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S grade #1: FOCIL (EIP-7805).
A censorship-resistance proposal.
Give every user an on-chain transaction route that does not depend on centralized builders.
On today’s Ethereum, whether transactions can be included on-chain depends largely on whether builders are willing to package them.
That’s what FOCIL aims to change.
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S grade #2: Frame Transactions (EIP-8141).
This one is closer to ordinary people.
It lets you pay gas fees with stablecoins.
No need to hold ETH.
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How is that done?
Your app or a third-party wallet front-loads the ETH gas fee for you, then charges you stablecoins.
Even if your wallet only has USDC and zero ETH, you can still transact on Ethereum.
Planned for the 2027 Hegotá upgrade.
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Over the past decade, the first step for using Ethereum was buying ETH.
Going forward, the first step might just be holding USDC.
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But there’s a problem.
If paying for gas doesn’t necessarily require ETH, does the ETH value-capture mechanism get weakened?
Some say it won’t—gas is still settled in ETH in the end, it’s just that users don’t pay directly.
The application layer absorbs the "visibility" of ETH, but the underlying consumption is still ETH.
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The Ethereum Foundation also set a longer-term goal.
By December 2029, achieve L1 post-quantum readiness.
If quantum computing matures, today’s signature algorithms could be cracked.
Ethereum needs to replace its foundations before then.
From FOCIL to frame transactions to post-quantum security.
From censorship resistance to user experience, down to underlying safety.
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On the same day, Fidelity was also moving.
Not upgrading code—upgrading products.
Fidelity filed a revised submission with the SEC, seeking to add staking to its spot Ethereum ETF (FETH).
Staking ratio: up to 100%.
Revenue allocation: 85% to the fund, 15% to the service provider.
Distribution method: quarterly cash dividends.
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If the SEC approves it, this would be the first spot ETH ETF allowed to stake 100%.
Holders wouldn’t just benefit from ETH price appreciation.
They’d also earn staking rewards.
ETH ETFs would shift from "price proxies" to "yield-bearing assets".
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BlackRock’s ETHA has already pulled in $12.8 billion.
Fidelity’s FETH is close to $900 million.
What the two firms are competing for isn’t just scale—it’s the revenue structure.
Who can help holders earn more wins.
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The Ethereum Foundation is changing the protocol layer—so users can use Ethereum without needing ETH.
Fidelity is changing the product layer—so ETF holders can earn staking rewards even without staking.
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The protocol layer is changing.
The product layer is changing.
ETH is still ETH.
But the people and scenarios it reaches are becoming more diverse.
$ETH #Ethereum #Hegota #EIP8141 #Fidelity
Not investment advice