diff --git a/design/mvp/Async.md b/design/mvp/Async.md
index 7bde5904..cc0fd81c 100644
--- a/design/mvp/Async.md
+++ b/design/mvp/Async.md
@@ -296,6 +296,17 @@ readable and writable ends of streams and futures each have a well-defined
 parent `Task` that will receive "progress" events on all child streams/futures
 that have previously blocked.
 
+The `T` element type of streams and futures is optional, such that `future` and
+`stream` can be written in WIT without a trailing `<T>`. In this case, the
+asynchronous "values(s)" being delivered are effectively meaningless [unit]
+values. However, the *timing* of delivery is meaningful and thus `future` and
+`stream` can used to convey timing-related information. Note that, since
+functions are asynchronous by default, a plain `f: func()` conveys completion
+without requiring an explicit `future` return type. Thus, a function like
+`f2: func() -> future` would convey *two* events: first, the return of `f2`, at
+which point the caller receives the readable end of a `future` that, when
+successfully read, conveys the completion of a second event.
+
 From a [structured-concurrency](#structured-concurrency) perspective, the
 readable and writable ends of streams and futures are leaves of the async call
 tree. Unlike subtasks, the parent of the readable ends of streams and future
@@ -606,6 +617,7 @@ comes after:
 [CPS Transform]: https://en.wikipedia.org/wiki/Continuation-passing_style
 [Event Loop]: https://en.wikipedia.org/wiki/Event_loop
 [Structured Concurrency]: https://en.wikipedia.org/wiki/Structured_concurrency
+[Unit]: https://en.wikipedia.org/wiki/Unit_type
 
 [AST Explainer]: Explainer.md
 [Lift and Lower Definitions]: Explainer.md#canonical-definitions
diff --git a/design/mvp/Binary.md b/design/mvp/Binary.md
index 6dc931dd..f0456674 100644
--- a/design/mvp/Binary.md
+++ b/design/mvp/Binary.md
@@ -203,8 +203,8 @@ defvaltype    ::= pvt:<primvaltype>                       => pvt
                 | 0x6a t?:<valtype>? u?:<valtype>?        => (result t? (error u)?)
                 | 0x69 i:<typeidx>                        => (own i)
                 | 0x68 i:<typeidx>                        => (borrow i)
-                | 0x66 i:<typeidx>                        => (stream i)
-                | 0x65 i:<typeidx>                        => (future i)
+                | 0x66 i?:<typeidx>?                      => (stream i?)
+                | 0x65 i?:<typeidx>?                      => (future i?)
 labelvaltype  ::= l:<label'> t:<valtype>                  => l t
 case          ::= l:<label'> t?:<valtype>? 0x00           => (case l t?)
 label'        ::= len:<u32> l:<label>                     => l    (if len = |l|)
diff --git a/design/mvp/CanonicalABI.md b/design/mvp/CanonicalABI.md
index 31299613..176d6440 100644
--- a/design/mvp/CanonicalABI.md
+++ b/design/mvp/CanonicalABI.md
@@ -760,8 +760,9 @@ class BufferGuestImpl(Buffer):
 
   def __init__(self, cx, t, ptr, length):
     trap_if(length == 0 or length > Buffer.MAX_LENGTH)
-    trap_if(ptr != align_to(ptr, alignment(t)))
-    trap_if(ptr + length * elem_size(t) > len(cx.opts.memory))
+    if t:
+      trap_if(ptr != align_to(ptr, alignment(t)))
+      trap_if(ptr + length * elem_size(t) > len(cx.opts.memory))
     self.cx = cx
     self.t = t
     self.ptr = ptr
@@ -774,18 +775,29 @@ class BufferGuestImpl(Buffer):
 class ReadableBufferGuestImpl(BufferGuestImpl):
   def lift(self, n):
     assert(n <= self.remain())
-    vs = load_list_from_valid_range(self.cx, self.ptr, n, self.t)
-    self.ptr += n * elem_size(self.t)
+    if self.t:
+      vs = load_list_from_valid_range(self.cx, self.ptr, n, self.t)
+      self.ptr += n * elem_size(self.t)
+    else:
+      vs = n * [()]
     self.progress += n
     return vs
 
 class WritableBufferGuestImpl(BufferGuestImpl, WritableBuffer):
   def lower(self, vs):
     assert(len(vs) <= self.remain())
-    store_list_into_valid_range(self.cx, vs, self.ptr, self.t)
-    self.ptr += len(vs) * elem_size(self.t)
+    if self.t:
+      store_list_into_valid_range(self.cx, vs, self.ptr, self.t)
+      self.ptr += len(vs) * elem_size(self.t)
+    else:
+      assert(all(v == () for v in vs))
     self.progress += len(vs)
 ```
+Note that when `t` is `None` (arising from `stream` and `future` with empty
+element types), the core-wasm-supplied `ptr` is entirely ignored, while the
+`length` and `progress` are still semantically meaningful. Source bindings may
+represent this case with a generic stream/future of [unit] type or a distinct
+type that conveys events without values.
 
 The `ReadableStreamGuestImpl` class implements `ReadableStream` for a stream
 created by wasm (via `canon stream.new`) and encapsulates the synchronization
diff --git a/design/mvp/Explainer.md b/design/mvp/Explainer.md
index 98cf7489..b14ab1b8 100644
--- a/design/mvp/Explainer.md
+++ b/design/mvp/Explainer.md
@@ -555,8 +555,8 @@ defvaltype    ::= bool
                 | (result <valtype>? (error <valtype>)?)
                 | (own <typeidx>)
                 | (borrow <typeidx>)
-                | (stream <typeidx>)
-                | (future <typeidx>)
+                | (stream <typeidx>?)
+                | (future <typeidx>?)
 valtype       ::= <typeidx>
                 | <defvaltype>
 resourcetype  ::= (resource (rep i32) (dtor async? <funcidx> (callback <funcidx>)?)?)
@@ -733,6 +733,14 @@ futures are useful in more advanced scenarios where a parameter or result
 value may not be ready at the same time as the other synchronous parameters or
 results.
 
+The `T` element type of `stream` and `future` is an optional `valtype`. As with
+variant-case payloads and function results, when `T` is absent, the "value(s)"
+being asynchronously passed can be thought of as [unit] values. In such cases,
+there is no representation of the value in Core WebAssembly (pointers into
+linear memory are ignored) however the *timing* of completed reads and writes
+and the number of elements they contain are observable and meaningful. Thus, empty futures and streams can be useful for
+timing-related APIs.
+
 Currently, validation rejects `(stream T)` and `(future T)` when `T`
 transitively contains a `borrow`. This restriction could be relaxed in the
 future by extending the call-scoping rules of `borrow` to streams and futures.
@@ -2672,6 +2680,7 @@ For some use-case-focused, worked examples, see:
 [Subtyping]: https://en.wikipedia.org/wiki/Subtyping
 [Universal Types]: https://en.wikipedia.org/wiki/System_F
 [Existential Types]: https://en.wikipedia.org/wiki/System_F
+[Unit]: https://en.wikipedia.org/wiki/Unit_type
 
 [Generative]: https://www.researchgate.net/publication/2426300_A_Syntactic_Theory_of_Type_Generativity_and_Sharing
 [Avoidance Problem]: https://counterexamples.org/avoidance.html
diff --git a/design/mvp/WIT.md b/design/mvp/WIT.md
index 32d3efea..66c0fd56 100644
--- a/design/mvp/WIT.md
+++ b/design/mvp/WIT.md
@@ -1557,6 +1557,8 @@ ty ::= 'u8' | 'u16' | 'u32' | 'u64'
      | option
      | result
      | handle
+     | future
+     | stream
      | id
 
 tuple ::= 'tuple' '<' tuple-list '>'
@@ -1574,6 +1576,12 @@ result ::= 'result' '<' ty ',' ty '>'
          | 'result' '<' '_' ',' ty '>'
          | 'result' '<' ty '>'
          | 'result'
+
+future ::= 'future' '<' ty '>'
+         | 'future'
+
+stream ::= 'stream' '<' ty '>'
+         | 'stream'
 ```
 
 The `tuple` type is semantically equivalent to a `record` with numerical fields,
@@ -1608,6 +1616,9 @@ variant result {
 These types are so frequently used and frequently have language-specific
 meanings though so they're also provided as first-class types.
 
+The `future` and `stream` types are described as part of the [async
+explainer](Async.md#streams-and-futures).
+
 Finally the last case of a `ty` is simply an `id` which is intended to refer to
 another type or resource defined in the document. Note that definitions can come
 through a `use` statement or they can be defined locally.
diff --git a/design/mvp/canonical-abi/definitions.py b/design/mvp/canonical-abi/definitions.py
index ea289a6d..1aa9f6f7 100644
--- a/design/mvp/canonical-abi/definitions.py
+++ b/design/mvp/canonical-abi/definitions.py
@@ -171,11 +171,11 @@ class BorrowType(ValType):
 
 @dataclass
 class StreamType(ValType):
-  t: ValType
+  t: Optional[ValType]
 
 @dataclass
 class FutureType(ValType):
-  t: ValType
+  t: Optional[ValType]
 
 ### Lifting and Lowering Context
 
@@ -534,8 +534,9 @@ class BufferGuestImpl(Buffer):
 
   def __init__(self, cx, t, ptr, length):
     trap_if(length == 0 or length > Buffer.MAX_LENGTH)
-    trap_if(ptr != align_to(ptr, alignment(t)))
-    trap_if(ptr + length * elem_size(t) > len(cx.opts.memory))
+    if t:
+      trap_if(ptr != align_to(ptr, alignment(t)))
+      trap_if(ptr + length * elem_size(t) > len(cx.opts.memory))
     self.cx = cx
     self.t = t
     self.ptr = ptr
@@ -548,16 +549,22 @@ def remain(self):
 class ReadableBufferGuestImpl(BufferGuestImpl):
   def lift(self, n):
     assert(n <= self.remain())
-    vs = load_list_from_valid_range(self.cx, self.ptr, n, self.t)
-    self.ptr += n * elem_size(self.t)
+    if self.t:
+      vs = load_list_from_valid_range(self.cx, self.ptr, n, self.t)
+      self.ptr += n * elem_size(self.t)
+    else:
+      vs = n * [()]
     self.progress += n
     return vs
 
 class WritableBufferGuestImpl(BufferGuestImpl, WritableBuffer):
   def lower(self, vs):
     assert(len(vs) <= self.remain())
-    store_list_into_valid_range(self.cx, vs, self.ptr, self.t)
-    self.ptr += len(vs) * elem_size(self.t)
+    if self.t:
+      store_list_into_valid_range(self.cx, vs, self.ptr, self.t)
+      self.ptr += len(vs) * elem_size(self.t)
+    else:
+      assert(all(v == () for v in vs))
     self.progress += len(vs)
 
 class ReadableStreamGuestImpl(ReadableStream):
diff --git a/design/mvp/canonical-abi/run_tests.py b/design/mvp/canonical-abi/run_tests.py
index 28e861c4..53380383 100644
--- a/design/mvp/canonical-abi/run_tests.py
+++ b/design/mvp/canonical-abi/run_tests.py
@@ -1402,6 +1402,91 @@ async def core_func2(task, args):
   await canon_lift(opts2, inst2, ft2, core_func2, None, lambda:[], lambda _:())
 
 
+async def test_wasm_to_wasm_stream_empty():
+  fut1, fut2, fut3, fut4 = asyncio.Future(), asyncio.Future(), asyncio.Future(), asyncio.Future()
+
+  inst1 = ComponentInstance()
+  opts1 = mk_opts(memory=None, sync=False)
+  ft1 = FuncType([], [StreamType(None)])
+  async def core_func1(task, args):
+    assert(not args)
+    [wsi] = await canon_stream_new(None, task)
+    [] = await canon_task_return(task, [StreamType(None)], opts1, [wsi])
+
+    await task.on_block(fut1)
+
+    [ret] = await canon_stream_write(None, opts1, task, wsi, 10000, 2)
+    assert(ret == 2)
+    [ret] = await canon_stream_write(None, opts1, task, wsi, 10000, 2)
+    assert(ret == 2)
+
+    await task.on_block(fut2)
+
+    [ret] = await canon_stream_write(None, opts1, task, wsi, 0, 8)
+    assert(ret == definitions.BLOCKED)
+
+    fut3.set_result(None)
+
+    event, p1, p2 = await task.wait(sync = False)
+    assert(event == EventCode.STREAM_WRITE)
+    assert(p1 == wsi)
+    assert(p2 == 4)
+
+    fut4.set_result(None)
+
+    [errctxi] = await canon_error_context_new(opts1, task, 0, 0)
+    [] = await canon_stream_close_writable(None, task, wsi, errctxi)
+    [] = await canon_error_context_drop(task, errctxi)
+    return []
+
+  func1 = partial(canon_lift, opts1, inst1, ft1, core_func1)
+
+  inst2 = ComponentInstance()
+  heap2 = Heap(10)
+  mem2 = heap2.memory
+  opts2 = mk_opts(memory=heap2.memory, realloc=heap2.realloc, sync=False)
+  ft2 = FuncType([], [])
+  async def core_func2(task, args):
+    assert(not args)
+    [] = await canon_task_return(task, [], opts2, [])
+
+    retp = 0
+    [ret] = await canon_lower(opts2, ft1, func1, task, [retp])
+    assert(ret == 0)
+    rsi = mem2[0]
+    assert(rsi == 1)
+
+    [ret] = await canon_stream_read(None, opts2, task, rsi, 0, 8)
+    assert(ret == definitions.BLOCKED)
+
+    fut1.set_result(None)
+
+    event, p1, p2 = await task.wait(sync = False)
+    assert(event == EventCode.STREAM_READ)
+    assert(p1 == rsi)
+    assert(p2 == 4)
+
+    fut2.set_result(None)
+    await task.on_block(fut3)
+
+    [ret] = await canon_stream_read(None, opts2, task, rsi, 1000000, 2)
+    assert(ret == 2)
+    [ret] = await canon_stream_read(None, opts2, task, rsi, 1000000, 2)
+    assert(ret == 2)
+
+    await task.on_block(fut4)
+
+    [ret] = await canon_stream_read(None, opts2, task, rsi, 1000000, 2)
+    errctxi = 1
+    assert(ret == (definitions.CLOSED | errctxi))
+    [] = await canon_stream_close_readable(None, task, rsi)
+    [] = await canon_error_context_debug_message(opts2, task, errctxi, 0)
+    [] = await canon_error_context_drop(task, errctxi)
+    return []
+
+  await canon_lift(opts2, inst2, ft2, core_func2, None, lambda:[], lambda _:())
+
+
 async def test_cancel_copy():
   inst = ComponentInstance()
   mem = bytearray(10)
@@ -1612,6 +1697,7 @@ async def run_async_tests():
   await test_host_partial_reads_writes()
   await test_async_stream_ops()
   await test_wasm_to_wasm_stream()
+  await test_wasm_to_wasm_stream_empty()
   await test_cancel_copy()
   await test_futures()