BlockBeats News, April 18th. The Aptos community has initiated the "Phased Reduction of Staking Rewards" proposal "AIP-119," suggesting to decrease the staking reward rate from the current approximately 7% to decrease by 1% each month over the next 3 months, ultimately reducing the annualized return rate to 3.79%.
Reducing the staking reward rate will help foster the long-term growth of the Aptos ecosystem, particularly encouraging a more active participation in the DeFi space and enhancing the tokenomics of APT to support its sustainable development. As the first step of Aptos's economic model reform, the proposal will undergo community feedback, and if approved, a 6-month observation period will be set up to assess the impact.
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