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- Where will TRUMP coin land by 8:00 AM UTC, April 30? 🙋
- 🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
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Aptos proposed to drop the staking rewards from 7% to 3.79% within 3 months.
PANews April 19 news, according to The Block, Aptos proposed to drop the staking rewards from 7% to 3.79% within three months. The lower rewards encourage users to pursue higher yield, risk-based opportunities on-chain. This plan is similar to Solana's failed SIMD-228 proposal, which aimed to reduce Inflation through dynamic staking rewards. The proposal AIP-119 was co-authored by Sherry Xiao, Head of Production Engineering at Aptos Labs (the team behind the blockchain), and developer Moon Shiesty, who is developing Mirage, a protocol based on Aptos and Movement. Xiao also suggested that the Aptos Foundation review its current stake delegation and remove those validators who are not actively contributing to the network.