3h ago
Aptos Foundation proposes 2.1B supply cap, 10x gas fees, staking rewards cut
On Wednesday, the Aptos Foundation said it will submit governance proposals to overhaul APT's tokenomics, including a 2.1 billion hard cap, cutting annual staking rewards to 2.6% from 5.19%, and a 10x gas fee increase. It also plans to lock 210 million APT and expects a 60% drop in annualized unlocks after the October cycle ends to enhance deflation.