Hedera to Make Changes to Stake Rewards Program on August 11th
Hedera has announced changes to its staking rewards program as part of its regular review. The changes are in line with the current industry average adjusted reward rates of 1.4% across the top 20 Proof of Stake networks. The maximum staking reward has been adjusted to 2.5% and the reward emission cap has also been adjusted.
Additional controls have been implemented to govern the reward rate algorithmically. These changes are expected to enhance the sustainability of the staking program as network utilization continues to increase. They are also designed to adjust rates more dynamically in the future to better match market conditions and the supply of HBARs in account 0.0.800. This is aimed at ensuring the long-term security of the mainnet when nodes are operated in a permissionless manner. The changes will go into effect on August 11.
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These adjustments are expected to further the sustainability of the staking program as network utilization continues to grow.
- Maximum staking reward adjusted to 2.5%
- Adjustment of reward emission cap
- Implementation of additional controls to algorithmically govern the reward rate
Together, these changes are designed to adjust rates more dynamically in the future to better match market conditions and the supply of HBARs in account 0.0.800, and further ensure the long-term security of the mainnet when nodes are operated in a permissionless manner.
More details ➡️ https://hedera.com/blog/hedera-governing-council-votes-to-approve-changes-to-staking-algorithm