Zilliqa will begin reducing staking rewards starting from January 16th.

BlockBeats reported on January 15th that Layer 1 blockchain Zilliqa announced that, based on the proposal to reduce staking rewards officially passed through governance voting last year, staking rewards will be officially reduced to 34% starting from January 16th to lower inflation. From February 13th, 2024 and every month thereafter, this value will continue to decrease by 1% until the staking reward level reaches the target value of 25%.