Aptos' inflation reform has sparked controversy within the community, and the real breakthrough point may not be "throttling," but rather "open source."

Recently, the Aptos community has been fiercely debating AIP-119: a proposal to reduce staking yields from 7% to 3.79% in order to curb $APT inflation and incentivize the active circulation of funds.

Supporters argue that this is a necessary adjustment to maintain the long-term health of the ecosystem, while opponents warn that a sharp drop in yields could squeeze out small validators, weaken decentralization, and trigger capital outflows.

This game surrounding inflation governance is revealing the deep-seated contradictions of PoS public chain governance—how to strike a balance between controlling issuance and incentivizing participation.

Compared to other mainstream public chains, Solana uses a dynamically decreasing annual inflation model to increase activity, but still faces questions about excessive inflation. $Sui reduces anxiety with a hard-capped issuance, and even lower staking yields. Cosmos, despite its high 14% yield, has failed to prevent the long-term depreciation of ATOM. The facts show that simply "throttling" is not enough to support token value; ecosystem activity is key.

Currently, Aptos' TVL is only $1.1 billion, and the number of validators is also relatively limited. If a sharp drop in yields leads to node loss, decentralization will suffer. For Aptos, instead of rushing to cut staking rewards, it would be better to prioritize introducing more applications and capital activity, increasing network utilization, and expanding the user base.

What truly determines the long-term value of $APT is not just the inflation figures, but the prosperity of the ecosystem. Throttling is important, but open source is more urgent.