Aptos Eyes修剪积分奖励以资助新计划

APTOS社区目前正在评估一项新的治理提案AIP-119，该提案可能在接下来的三个月内减半。它旨在将当前的年度活力从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目前正计划在接下来的三个月中将加密货币的积分奖励减少一半以上。

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高级工程师Sherry Xiao和Network Core Developer Shiesty于4月18日提出了该提案，该提案旨在将当前的年度活力从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.

该提案AIP-119将其描述为“无风险”基准，类似于利率在传统金融中的作用。

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

根据该提案，当前7％的收益率太高，不鼓励在生态系统内生产资本。

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，作者的目标是将产量降低到3.79％左右。他们希望这种变化将鼓励网络用户从被动积分之外进行更多动态的经济活动。

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

据他们说，这可能会激发人们对更积极的策略的需求，例如重新制作，MEV提取和参与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上补充说：“我预计，由于这种AIP和新的奖励生成的机会在未来6个月中发起的新奖励机会以及其他Defi奖励来源的降低，可以减少任何降低的积分需求。”

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，一部分节省的排放可以支持流动性激励措施和汽油费补贴等计划。他还提到，与Stablecoin相关的程序可能受益，尤其是在早期第1层实验中。

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

尽管提出了更广泛的野心，但AIP-119仍对验证者的可持续性提出了担忧。较低的股份量的较小操作员可能会面临财务压力。

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，在云环境中操作验证器节点每年的价格从15,000美元到35,000美元不等。目前，超过50个验证者每个人管理以下300万APT，约占网络股份的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，该提案引入了验证者代表团计划，以支持这些较小的玩家。该倡议将分配资金和代表令牌，以帮助维持权力下放，地理多样性和社区参与。

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

同时，社区对该提案的反应是混杂的。

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.

位于Aptos的电报游戏史莱姆革命的首席运营官Yui警告说，较小的验证者可能会被赶出。执行官强调了寻找平衡的重要性，该平衡鼓励创新而不牺牲权力下放。

“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写道：“尽管它可以推动创新，但我担心对较小的验证者和权力下放的潜在影响。我们需要确保这一举动不会推动较小的参与者！Aptos应该专注于平衡和长期韧性。”

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的研究人员凯文（Kevin）认为，从长远来看，这种转变可能会使Aptos受益。他指出，高通胀通常会掩盖弱产品市场的拟合度。另一方面，降低通货膨胀迫使开发商建立实际需求。

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

凯文还建议，减少的令牌排放可能会改善恰当的稀缺性并提高其价格，并有可能平衡较低的均值产量。

“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.

凯文总结说：“由于通货膨胀率降低，我们预计APT的价格会上涨，验证者的实际收益可能会通过价格升值来抵消APY下降，从而形成一个积极的周期。”