Zilliqa Reduces Staking Rewards to 34% to Curb Inflation

According to Foresight News, Layer 1 blockchain Zilliqa has announced a reduction in staking rewards to 34% starting January 16th, following a governance vote last year to decrease staking rewards in order to reduce inflation. 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%.