Fantom Community Approves A Proposal To Adjust Staking Rewards

Twitter icon  •  Published एक वर्ष पहले  •  Hassan Maishera

The Fantom Foundation announced via a blog post on Thursday that its community has voted to adjust staking rewards on the network.

The Fantom Foundation announced via a blog post on Thursday that its community has voted to adjust staking rewards on the network. The community has agreed to set the staking APR to 6% and to extend the duration of staking rewards emissions to 4.7 years.

Prior to the vote, staking rewards yielded a 13% yearly return. The Fantom Foundation explained that the new staking rewards rate of 6% aligns with peer Layer-1s and ensures sustainability for the next 4.7 years. The new rate went live shortly after the vote, the team added. 

Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Fantom’s FTM coin is up by 4% in the last 24 hours and is currently trading at $0.2108.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.