Axie Infinity developer Sky Mavis will stake over 11 million AXS, which may dilute the rewards for stakers

ChainCatcher news, according to The Block, Axie Infinity developer Sky Mavis stated that to strengthen long-term support for the Axie Infinity ecosystem, it will stake 11.475 million AXS tokens. The Block Research analysis indicates that this move may dilute the current amount of staked AXS and reduce the annual percentage rate (APR) for current AXS stakers. As of the time of publication, over 42 million AXS tokens worth $491 million are being staked at an annual yield of 43%. (The Block)