Aptos Eyes修剪積分獎勵以資助新計劃

APTOS社區目前正在評估一項新的治理提案AIP-119，該提案可能在接下來的三個月內減半。它旨在將當前的年度活力從7％降低到3.79％。

Aptos Labs is currently planning to cut the cryptocurrency's staking rewards by more than half over the next three months.

Aptos Labs目前正計劃在接下來的三個月中將加密貨幣的積分獎勵減少一半以上。

Aptos Labs senior engineer Sherry Xiao and network core developer Moon Shiesty on April 18 introduced the proposal, which aims to reduce the current annual staking yield from around 7% to 3.79%.

Aptos Labs高級工程師Sherry Xiao和Network Core Developer Shiesty於4月18日提出了該提案，該提案旨在將當前的年度活力從7％降低到3.79％。

The proposal, AIP-119, describes staking rewards as a “risk-free” benchmark, similar to the role of interest rates in traditional finance.

該提案AIP-119將其描述為“無風險”基準，類似於利率在傳統金融中的作用。

According to the proposal, the current yield rate of 7% is too high and discourages productive use of capital within the ecosystem.

根據該提案，當前7％的收益率太高，不鼓勵在生態系統內生產資本。

Instead, the authors aim to lower the yield to around 3.79%. They hope this change will encourage network users to pursue more dynamic economic activities beyond passive staking.

相反，作者的目標是將產量降低到3.79％左右。他們希望這種變化將鼓勵網絡用戶從被動積分之外進行更多動態的經濟活動。

According to them, this could stimulate demand for more active strategies, such as restaking, MEV extraction, and participation in DeFi.

據他們說，這可能會激發人們對更積極的策略的需求，例如重新製作，MEV提取和參與DEFI。

“I expect any lowered staking demand [to] be reduced by the reduction in inflation from this AIP and new reward-generating opportunities launching in the next 6 months, and other sources of defi rewards,” Shiesty added on X.

Shiesty在X上補充說：“我預計，由於這種AIP和新的獎勵生成的機會在未來6個月中發起的新獎勵機會以及其他Defi獎勵來源的降低，可以減少任何降低的積分需求。”

Moreover, Shiesty pointed out that a portion of the saved emissions could instead support initiatives like liquidity incentives and gas fee subsidies. He also mentioned that stablecoin-related programs may benefit, especially in early-stage Layer 1 experiments.

此外，Shiesty指出，一部分節省的排放可以支持流動性激勵措施和汽油費補貼等計劃。他還提到，與Stablecoin相關的程序可能受益，尤其是在早期第1層實驗中。

Despite the proposal’s broader ambitions, AIP-119 raises concerns about validator sustainability. Smaller operators with lower stake volumes could face financial strain.

儘管提出了更廣泛的野心，但AIP-119仍對驗證者的可持續性提出了擔憂。較低的股份量的較小操作員可能會面臨財務壓力。

Shiesty pointed out that operating a validator node in a cloud environment can cost anywhere from $15,000 to $35,000 per year. Currently, over 50 validators manage under 3 million APT each, accounting for around 9% of the network stake.

Shiesty指出，在雲環境中操作驗證器節點每年的價格從15,000美元到35,000美元不等。目前，超過50個驗證者每個人管理以下300萬APT，約佔網絡股份的9％。

Due to this, the proposal introduces a validator delegation program to support these smaller players. The initiative would allocate funds and delegate tokens to help maintain decentralization, geographic diversity, and community involvement.

因此，該提案引入了驗證者代表團計劃，以支持這些較小的玩家。該倡議將分配資金和代表令牌，以幫助維持權力下放，地理多樣性和社區參與。

Meanwhile, the community’s reaction to the proposal has been mixed.

同時，社區對該提案的反應是混雜的。

Yui, COO of Aptos-based Telegram game Slime Revolution, warned that smaller validators might be pushed out. The executive emphasized the importance of finding a balance that encourages innovation without sacrificing decentralization.

位於Aptos的電報遊戲史萊姆革命的首席運營官Yui警告說，較小的驗證者可能會被趕出。執行官強調了尋找平衡的重要性，該平衡鼓勵創新而不犧牲權力下放。

“While it could drive innovation, I’m concerned about the potential impact on smaller validators and decentralization. We need to make sure the move doesn't push out smaller participants! Aptos should focus on balance and long-term resilience,” Yui wrote.

YUI寫道：“儘管它可以推動創新，但我擔心對較小的驗證者和權力下放的潛在影響。我們需要確保這一舉動不會推動較小的參與者！Aptos應該專注於平衡和長期韌性。”

However, Kevin, a researcher at BlockBooster, argued that the shift could benefit Aptos in the long run. He noted that high inflation often masks weak product-market fit. Lower inflation, on the other hand, forces developers to build real demand.

但是，BlockBooster的研究人員凱文（Kevin）認為，從長遠來看，這種轉變可能會使Aptos受益。他指出，高通脹通常會掩蓋弱產品市場的擬合度。另一方面，降低通貨膨脹迫使開發商建立實際需求。

Kevin also suggested that reduced token emissions might improve APT's scarcity and boost its price, potentially balancing out the lower staking yield.

凱文還建議，減少的令牌排放可能會改善恰當的稀缺性並提高其價格，並有可能平衡較低的均值產量。

“We expect APT’s price to grow due to the reduced inflation rate, and validators' actual returns may offset the APY decline through price appreciation, forming a positive cycle,” Kevin concluded.

凱文總結說：“由於通貨膨脹率降低，我們預計APT的價格會上漲，驗證者的實際收益可能會通過價格升值來抵消APY下降，從而形成一個積極的周期。”