🎉 Registration for the $5 Million WCTC S7 Trading Competition is Live!
🎁 Register Now & Claim #Red Packets# for Three Consecutive Days
➡️ Register Here: https://www.gate.io/competition/wctc/s7
🧧 Red Envelope Codes will be Announced on Gate_Post According to the Following Schedule.
🔔 Red Packet Times:
— April 17, 09:00 AM (UTC)
— April 18, 09:00 AM (UTC)
— April 19, 09:00 AM (UTC)
👉 More WCTC S7 Details: https://www.gate.io/announcements/article/44440
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.