Polygon Foundation said staking rewards on Polygon Chain are expected to increase to 7.7% on Oct. 1. Under PIP-92, 27.3 million POL in priority fees accumulated on the network will be directed over the next two months to boost rewards for stakers. The update was disclosed in a post from the foundation and cited by ChainCatcher. No additional implementation details were provided in the brief. The key points are the planned reward adjustment date, the new expected rate, and the use of accumulated priority fees under the proposal framework to raise returns for validators and other eligible stakers on the network.
Polygon Foundation said staking rewards on Polygon Chain are expected to increase to 7.7% on Oct. 1.
According to PIP-92, 27.3 million POL in priority fees accumulated on the network will be used over the next two months to increase rewards for stakers.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
