According to Foresight News, Layer 1 blockchain Zilliqa announced that according to the proposal to reduce staking rewards that was officially voted on by the governance last year, staking rewards will be officially reduced to 34% starting from January 16 to reduce inflation. Starting from February 13, 2024, and every month thereafter, this value will continue to decrease by 1% until the staking reward level reaches the target value of 25%.

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