PANews reported on April 19 that according to The block, Aptos proposed to reduce staking rewards from 7% to 3.79% within three months. Lower rewards encourage users to pursue higher-yield, risk-based opportunities on the chain. The plan is similar to Solana's failed SIMD-228 proposal, which is 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 Moon Shiesty, a developer 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 validators that are not actively contributing to the network.
