🚀 Ronin Announces Economic Model Adjustments Ahead of Layer 2 Transition
#Ronin #EconomicModel #Layer2 #StakingRewards #ProofOfContribution #RoninTreasury #Governance #RONToken #DeFi #Blockchain #Crypto #RONIN
Ronin has unveiled a new economic model as it prepares to transition to a Layer 2 network by the end of March. According to ChainCatcher, the changes will eliminate passive staking rewards and the existing validator system, replacing them with a 'proof of contribution' mechanism. This new approach aims to provide targeted incentives to contributors who make significant impacts on the ecosystem.
The announcement also detailed plans to strengthen the Ronin treasury by increasing revenue from Ronin Market transaction shares, sequencer earnings, and new income sources from ecosystem applications and game tokens. In terms of governance, control of the treasury will shift from validators to a voting mechanism based on RON token weight. This system will be used to deliberate on buybacks, investments, and DeFi-related activities.#Ronin #EconomicModel #Layer2 #StakingRewards #ProofOfContribution #RoninTreasury #Governance #RONToken #DeFi #Blockchain #Crypto #RONIN
🚀 Ronin to Revamp Staking and Governance Model
#Ronin #staking #governance #ProofOfDistribution #activecontributors #financialstability #transactionfees #sequencerprofits #RONtoken #voting #buybacks #investments #RONIN
Ronin is set to overhaul its staking and governance framework by eliminating passive staking rewards and introducing a Proof of Distribution model aimed at rewarding active contributors. According to NS3.AI, the treasury's strategy includes enhancing financial stability through diversified revenue sources such as transaction fees and sequencer profits. Governance responsibilities will shift from validators to RON token holders, empowering them to vote on key treasury decisions, including buybacks and investments.#Ronin #staking #governance #ProofOfDistribution #activecontributors #financialstability #transactionfees #sequencerprofits #RONtoken #voting #buybacks #investments #RONIN