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Ronin will migrate to Ethereum Layer 2 on May 12th
Golden Finance reports that on April 29th, the gaming public chain Ronin announced it will migrate to Ethereum Layer 2 on May 12th.
There will be an approximately 10-hour downtime window for on-chain operations during the migration, and normal operation will resume after the migration is complete.
Its underlying architecture will be built on OP Stack and connected to EigenDA as the data availability layer.
It is recommended that users unstake their RON before the migration date of May 12th, or the system will automatically unstake for users after the migration is completed.
After this migration, the annual inflation rate of RON will be reduced from over 20% to below 1%, and the treasury will gain new ongoing income from staking, net revenue from the Sequencer, and marketplace fees (which will increase from 0.5% to 1.25%).
Ronin also simultaneously launches a “Proof of Allocation” reward mechanism based on “Builder Score,” which automatically distributes RON rewards to ecosystem builders monthly.
Registration is now open.