Welcome to another quick Zilliqa Zebra video. In this video, I am going to talk about the latest adjustments to staking rewards and inflation.
Before I proceed, don't forget to like and subscribe to my YouTube channel for the latest scope and updates on all things Zilliqa.
On 27 May 2021, Amrit Kumar, the CEO of Zilliqa, shared on Twitter on an adjustments to the staking rewards and inflation, as you can see from this image. Let me try to break down the details.
On 18 May, Amrit responded to feedback from the community on a possible discrepancy in the APY or annual percentage yield for Zilliqa staking. The team decided to take another look and indeed there was a small unintended reduction.
According to Jun Hao, Senior VP of Engineering at Zilliqa, the APY has deviated by 1.125% due to deviation in the block production rate.
To solve this, the network will undergo an upgrade on 27 May where the inflation numbers will be fixed, to bring it back to the staking APR which we are all familiar with before version 8.0
If you are confused, you just need to know that the version 8.0.4 will rebalance the Reward per Day such that it matches version 7.2, which is good news for all who are staking Zilliqa.
Lastly all retroactive rewards for the paused period will be disbursed according to the version 8 emission curve.
As usual, I hope this quite news update is useful for you, and do like the video to encourage me to create more of such videos. Goodbye!
