Source: Cointelegraph Original: "{title}"

On April 18, a member of the Aptos community submitted a proposal suggesting a nearly 50% reduction in the staking rewards for the network's native token, Aptos (APT).

The proposal, submitted by community member MoonSheisty, plans to lower the reward yield from 7% to 3.79% over three months, aligning Aptos staking rewards with other layer-1 blockchains and promoting capital efficiency.

This proposal has garnered attention on the X platform, but early comments on GitHub show some initial opposition.

A community member named ElagabalxNode pointed out that reducing staking rewards without a "strong delegation program or other compensation mechanisms" could force small validators to exit the network, thereby weakening the decentralization and long-term resilience of the Aptos blockchain.

The proposal also addresses the role of validators in the network, suggesting that Aptos should consider establishing a community validator program to provide grants and staking support to small validators contributing to the ecosystem.

Aptos was founded in 2021 by a group of former Meta engineers. According to DeFiLlama data, as of April 18, the total value locked (TVL) in the Aptos blockchain was $974 million, with approximately $320 million coming from the lending protocol Aries Markets.

While high staking rewards can incentivize users to lock tokens on Aptos, MoonSheisty believes this may also reduce user participation in high-risk, high-reward opportunities within the ecosystem, such as re-staking, decentralized physical infrastructure (DePIN), maximum extractable value (MEV), and decentralized finance (DeFi).

There are significant differences in staking rewards across various blockchains. According to CoinLedger data, the actual return rate of the Binance Smart Chain (BNB Smart Chain) is the highest among all public chains at 7.43%, while Cardano's return rate is only 0.55%, one of the lowest.

Staking has multiple advantages: it incentivizes users to lock tokens on-chain, supports validators, and helps secure the network. The reward mechanism is similar to interest earnings from a savings account, but unlike traditional savings, stakers receive cryptocurrency, whose fiat value may fluctuate.

Proposals to modify staking processes emerge from time to time. In June 2024, Polkadot proposed a plan to reduce the unbonding time to just 2 days. In September, the Starknet community voted to approve a new staking mechanism, and a few weeks later, Ethereum co-founder Vitalik Buterin also proposed solutions to address staking issues.

While staking gives the community a real "stake" in the network, it also carries risks, including the trend of small staking pools concentrating into larger ones. This trend could undermine decentralization and weaken the overall resilience of the blockchain.

Related: Huaxia launches Hong Kong's second Ethereum ETF and adds staking features.

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