Zilliqa will start cutting staking rewards on January 16th

Layer 1 blockchain Zilliqa announced that the staking reward will officially be reduced to 34% starting from January 16th, in accordance with the proposal to reduce staking rewards that was approved by formal governance voting last year, in order to reduce inflation. Starting from February 13th, 2024, and every month thereafter, this value will continue to decrease by 1% until the staking reward level reaches the target value of 25%.