The new proposal in the Aptos ecosystem has sparked controversy, and the stake rewards rate may be significantly reduced.

Recently, a community proposal named AIP-119 in the Aptos ecosystem has attracted widespread attention and discussion. The proposal suggests gradually reducing the stake rewards rate from the current approximately 7% to 3.79% over the next 3 months, decreasing by 1% each month.

The proposal suggests that reducing the stake rewards rate will help the long-term development of the Aptos ecosystem, especially in enhancing competitiveness in the DeFi sector, while optimizing the token economics of APT to support its sustainable development. If the proposal passes, a 6-month observation period will be set to evaluate the impact.

This proposal is seen as an attempt to reconstruct the underlying logic of the Aptos economic model. While the current high stake rewards of Aptos have attracted a large number of users, it has also led to serious inflationary pressure and low capital efficiency. The community generally believes that this model is continuously diluting token value, hindering the flow of ecological funds toward more innovative applications.

The background of the proposal also includes a series of changes in management and market positioning at Aptos. After the new CEO Avery Ching took office, Aptos shifted its strategic focus from "scalable L1" to "next-generation global trading engine," placing greater emphasis on performance and trading experience as core competencies.

The community has mixed reactions to this proposal. Supporters believe that Aptos needs to address the inflation expectations and the issue of token over-issuance, as the "credit illusion" created by the high-yield stake mechanism is eroding the ecological foundation. Opponents are concerned that a sudden drop in rewards would weaken retail investors' motivation to lock their assets, increasing the market circulation of APT and exacerbating selling pressure. At the same time, the decrease in yield may significantly impact the profitability of small nodes, increasing the risk of network centralization.

It is worth noting that the proposal also puts forward a "Community Stake Support Program" aimed at supporting smaller validating nodes while reducing interest rates, alleviating the risk of declining decentralization.

AIP-119 is not only a technical governance adjustment but also represents Aptos's proactive adjustments to its economic model and ecological mechanism in the face of market challenges. This has sparked deeper discussions: Is the healthy development of public chains necessarily at the cost of sacrificing risk-free interest rates? Is high APY still the key to attractiveness?

As of the time of writing, the price of the APT token is $5.58, up 5.5% in the last 24 hours. Since April, the price of APT has seen a significant rebound compared to the market downturn.