The Aptos Foundation has proposed amendments to its tokenomics aimed at reforming staking rewards and gas fees. The proposal recommends reducing the annual percentage rate (APR) of staking rewards by nearly half, from 5.19% to 2.6%, to be implemented through a governance process. Additionally, it plans to increase gas fees tenfold, payable in Aptos’ native token APT, which will be entirely burned. The foundation also intends to set a strict protocol-level cap, limiting the total supply of APT tokens to 2.1 billion.
Aptos is a blockchain protocol designed for fast and secure digital transactions, aiming to push the boundaries of blockchain technology and enhance user experience. Through staking, users contribute to network security in exchange for rewards, while gas fees are applied to transaction processing. The proposal seeks to improve network performance and stabilize the value of the APT token. The increase in gas fees coupled with token burning is expected to reduce token supply in the market, potentially exerting positive pressure on prices. However, the reduction in staking rewards might affect user engagement, posing challenges to network security.
It remains to be seen how these proposals will be received during the governance process and the direction in which the Aptos protocol will evolve. Given the ongoing fluctuations in the crypto market, such measures could generate both new opportunities and concerns.
Source: binance
