According to the latest official announcement from Layer 1 blockchain Zilliqa, the network has formally implemented a staking reward adjustment plan as of January 16, 2024, aimed at optimizing its economic model and controlling token inflation. This adjustment follows a governance proposal approved last year, reducing the annualized staking reward rate from its previous level to 34%.It is noteworthy that this marks only the first step in the deflationary plan. Beginning February 13, 2024, Zilliqa will introduce a progressive adjustment strategy, reducing the staking reward rate by 1% each month until it reaches the target level of 25%. This initiative seeks to establish a more sustainable token economic model, balancing network security with inflationary pressures.
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1H | 24H | 7D | 30D | 1Y |
---|---|---|---|---|
0.069% | 1.98% | 9.44% | 33.47% | 50.29% |