Aptos proposes to reduce pledge rewards from 7% to 3.79% within 3 months

PANews reported on April 19 that according to The block, Aptos proposed to reduce the pledge reward from 7% to 3.79% within three months. Lower rewards encourage users to pursue higher profit, risk-based opportunities on the chain. The program is similar to Solana's failed SIMD-228 proposal, which is to reduce inflation through dynamic staking rewards.

The proposal AIP-119 is co-written by Sherry Xiao, director of production engineering at Aptos Labs (the team behind the blockchain) and developer Moon Shiesty, who is developing the Aptos and Movement-based protocol Mirage. Xiao also advises the Aptos Foundation to review its current entrusted interests and remove those validators who have not actively contributed to the network.