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Uyen Nguyen
@uyennguyen
Aptos proposal would cut staking rewards by 3% in 3 months to spur development A new governance proposal for the Layer 1 blockchain Aptos APT +2.18% would reduce staking rewards from about 7% to 3.79% over three months, aiming to incentivize more active development on the network. 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 working on the Aptos- and Movement-based protocol Mirage.
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