Aptos Cuts Staking Rewards, Caps APT Supply at 2.1 Billion
According to Aptos, the update lowers staking (locking tokens to earn rewards) rewards from 5.19% to 2.6%, raises gas fees 10x, and includes a permanent lockup of 210 million APT.
APT
Summary
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Terms & Concepts
staking: Locking crypto tokens to help secure a blockchain network and earn rewards in return.
gas fees: Transaction fees paid to use a blockchain network and execute on-chain actions.
tokenomics: The economic design of a crypto token, including supply, rewards, fees, and burn mechanisms.