Ronin to Migrate to Ethereum Layer 2 on May 12

On April 29, the gaming blockchain Ronin announced that it will migrate to Ethereum Layer 2 on May 12. During this time, there will be an approximately 10-hour downtime for on-chain operations, after which normal operations will resume. The underlying architecture will be built on the OP Stack and will integrate EigenDA as the data availability layer. Users are advised to unstake their RON tokens before the migration date on May 12, or the system will automatically unstake for users after the migration is complete. Following this migration, the annual inflation rate of RON will be reduced from over 20% to below 1%. The treasury will gain continuous revenue from staking, net earnings from the Sequencer, and marketplace fees (which will increase from 0.5% to 1.25%). Ronin will also launch a ‘Proof of Distribution’ reward mechanism based on ‘Builder Score’, which will automatically distribute RON rewards to ecosystem builders on a monthly basis, with registration now open.

ETH0.06%
OP-1.75%
RON6.5%
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