Astar (ASTR) is a cryptocurrency and operates on the Soneium platform. Astar has a current supply of 8,406,217,912 with 7,648,484,487 in circulation. The last known price of Astar is 0.02890906 USD and is up 0.02 over the last 24 hours. It is currently trading on 132 active market(s) with $8,344,540.70 traded over the last 24 hours. More information can be found at https://astar.network/.
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TL;DR The drop of ASTR to $0.02 on April 7 led Astar to cut base staking rewards from 25% to 10% to stabilize APR. Astar raised the variable portion of staking rewards for dApps from 40% to 55%, ties issuance to TVL, and does not affect developers. It set a minimum issuance floor of 2.
Blockchain firm Astar Network implemented changes to its tokenomics to reduce inflationary pressures in its ecosystem. On April 18, Astar Network announced that it has reduced the blockchain's base staking rewards from 25% to 10% to curb token inflation.
Astar, AltLayer, and EigenLayer partner to build a Fast Finality Layer for Soneium and slash finality by 98% to under 10 seconds. The post Soneium Slashes Finality by 98% With Astar Network, AltLayer, and EigenLayer appeared first on Cryptonews.