Fantom (FTM) has submitted a voting proposal to the community to reduce the rewards for validators on the network. Network validator rewards are expected to be reduced by 50% if the vote is accepted by the community.
As with almost every blockchain network, the Fatntom network is also used to verify transactions. to validators (validators) are needed. In return for these verification processes, a certain amount of local coin of that network is given as a reward to the users who perform the transaction. This mechanism for the phantomon the network 50,000 FTM Counts users who have staked as validator and as a one-year return on stake 13% allows them to win a prize. These rewards are derived from transaction fees paid on the network, and 2024 Staking rewards are planned to be distributed by the end of the year.
The new proposal submitted to the community voting by the phantom developers is that this reward rate of 13%. proposes to drop. One of the leading officials of the Phantom team Sam HarcourtThe current 13% reward rate, according to compared to competing networks much more and needs to be reduced. In addition, data from FTMScan shows validators’ earnings between January 2021 and January 2022. 120,000%It shows an increase of .
FTM emissions by reducing reward rate for validators, according to Harcourt’s proposal 2024It can be extended beyond . Proposal submitted to the community’s vote It consists of 5 different options: The first 4 offers offered are the rewards for the validators. 3% to 6% reduction, thereby reducing FTM emissions. up to 4 to 9 years based on extension. submitted to the vote If option 5allows the 13% reward rate to be maintained without disturbing the current order.
This vote submitted to the community has passed started on monday and 67% in the absence of a joint decision February 4, 2023It is known to last until If a 67% consensus is reached before the specified date, the voting August 15It may end in . The community already 2% some of them have voted and the results of these votes 99% of the time rewards for network validators 6% shows that he is in favor of lowering it to the level.