Total MarketCap:$00
API
EN
Dark

SearchSSI/Mag7/Meme/ETF/Coin/Index/Charts/Research
00:00 / 00:00
View
    Markets
    Indexes
    NewsFeed
    TokenBar®
    Analysis
    Macro
    Watchlist
Share

Initia releases the first chain upgrade proposal to reduce staking rewards to 12.50 million INIT tokens

Powered by ChatGPT
#Layer1
$INIT
ForesightNews
274Words
May 20, 2025

Foresight News reports that Initia has released its first chain upgrade proposal aimed at enhancing the network's sustainability and decentralization. This upgrade includes establishing a whitelist mechanism for emergency proposal submitters, adjusting the withdrawal cycle of the OP cross-chain bridge, reducing staking rewards to 12.50 million $INIT tokens, and improving the IBC Hook mechanism. If the proposal is approved, the upgrade is expected to be executed on May 29 at 00:37 at block height 3,180,000.

All You Need to Know in 10s
TermsPrivacy PolicyWhitePaperOfficial VerificationCookieBlog
sha512-gmb+mMXJiXiv+eWvJ2SAkPYdcx2jn05V/UFSemmQN07Xzi5pn0QhnS09TkRj2IZm/UnUmYV4tRTVwvHiHwY2BQ==
sha512-kYWj302xPe4RCV/dCeCy7bQu1jhBWhkeFeDJid4V8+5qSzhayXq80dsq8c+0s7YFQKiUUIWvHNzduvFJAPANWA==