Aptos proposes to reduce staking rewards from 7% to 3.79% within 3 months

According to The Block, Aptos proposed to reduce staking rewards from 7% to 3.79% within three months. Lower rewards encourage users to pursue higher returns and risk-based opportunities on the chain. This plan is similar to Solana's failed SIMD-228 proposal, which aims to reduce inflation through dynamic staking rewards. The proposal AIP-119 was co written by Sherry Xiao, Production Engineering Director at Aptos Labs (the team behind blockchain), and developer Moon Shiesty, who is developing the Mirage protocol based on Aptos and Movement. Xiao also suggests that Aptos Foundation review its current equity mandate and remove validators who have not actively contributed to the network.