[Digital Today reporter Chi-gyu Hwang (황치규)] Aptos Foundation, through a governance proposal, presented a plan to lower the annual APT staking reward rate to 2.6 percent from 5.19 percent. It would raise gas fees tenfold and set a cap on total APT supply at 2.1 billion tokens.
The foundation stakes 210 million APT, about 18 percent of the current supply, by locking them permanently. It does not sell or distribute those tokens. It covers operating expenses only with staking rewards.
It will link future ecosystem support grants to performance metrics and is also reviewing a plan to buy APT with cash on hand and future revenue.
The token vesting schedule set in the early days after launch ends this month. From now on, the amount of APT newly released to the market each year will fall 60 percent from current levels.
The foundation plans to reduce newly released supply, increase fee burns and add token purchases to gradually shift APT to a deflationary structure with a shrinking supply.
Chi-gyu Hwang
delight@d-today.co.kr