Astar Network’s efforts to curb inflation come days after its native token’s price reached a new all-time low.
Blockchain firm Astar Network implemented changes to its tokenomics to reduce inflationary pressures in its ecosystem.
On April 18, Astar Network announced that it reduced the blockchain’s base staking rewards to 10% from 25% to curb token inflation.
The company said the change promotes a more stable annual percentage rate (APR) for users as staking inches closer to a more ideal ratio. The firm said this ensures that rewards “remain meaningful” without causing excessive inflation.
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