📰 【Ronin to migrate to Ethereum Layer 2 on May 12, with RON inflation rate planned to drop below 1%】

BlockBeats reports that on May 11, the gaming public chain Ronin announced that on May 12, it will officially migrate from an independent side chain to Ethereum Layer 2 via a hard fork. The network is expected to be down for about 10 hours, during which all transfers, swaps, smart contract interactions, and blockchain game operations will be paused. Ronin stated that this migration will adopt the OP Stack and introduce a new "Proof of Distribution" model, which incentivizes based on developers’ actual contributions to the network rather than traditional passive staking. The team said this mechanism will significantly reduce the RON inflation rate from over 20% to below 1%. Additionally, after the migration, R...

Ronin finally remembers it should be a proper L2. Playing with a 20% inflation rate until now and only thinking about lowering it now. The developer incentive model is quite good, but a 10-hour downtime is enough for users to run out three times. Lowering inflation to below 1% after the upgrade is just acceptable; we’ll wait and see the actual burn data after launch—don’t turn it into a half-baked project. 👇👇👇👇👇