Ronin will migrate from the independent side chain to Ethereum Layer 2, with the RON inflation rate planned to drop below 1%.

ME News Report, May 11 (UTC+8), Game blockchain Ronin announced that on May 12, it will officially migrate from an independent side chain to Ethereum Layer 2 through 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 OP Stack and introduce a new “Proof of Distribution” model, which incentivizes developers based on their 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% currently to below 1%. Additionally, after the migration, Ronin will inherit the security of the Ethereum mainnet while maintaining high throughput and leveraging EigenDA to reduce scaling costs. The 90 million RON originally allocated for staking rewards will be transferred to the treasury, and market transaction fees will be increased from 0.5% to 1.25%. Ronin previously experienced the largest DeFi cross-chain bridge attack in crypto industry history in 2022, losing about $625 million. The team stated that this return to the Ethereum ecosystem is also to further strengthen bridging infrastructure and overall security. (Source: BlockBeats)