Fantom Launches Community Vote to Reduce $FTM Staking Rewards

The Fantom community launched a vote on a governance proposal to reduce the current $FTM staking reward rate (about 13%) with five options: 3%, 4%, 5%, 6%, and no change, with emission rewards durations corresponding to 9.4, 7, 5.6, 4.7, and 2 years, respectively. As of now 97.5% of the voting users are in favor of adjusting the staking rewards to 6%, and the rewards emissions are expected to last 4.7 years.