Zilliqa plans to start reducing staking rewards on January 16 to lower inflation

ChainCatcher news, Layer 1 blockchain Zilliqa announced that, according to the proposal to reduce staking rewards passed by formal governance voting last year, staking rewards will officially be reduced to 34% starting from January 16, in order to lower inflation.

It is reported that starting from February 13, 2024, and continuing every month thereafter, this value will continue to decrease by 1% until the staking reward level reaches the target value of 25%.