The Graph Proposes to gradually Increase the Indexing Rewards on Layer 2 to 100%

The Graph Proposes to gradually Increase the Indexing Rewards on Layer 2 to 100%

The decentralized indexing protocol, The Graph, has proposed GIP-0052, suggesting that the current 5% indexing reward on Layer 2 be gradually increased to 100%.

A timetable and implementation process have been put forward: from 5% to 25% (expected to be reached during the week of May 8, 2023), then to 50% (expected to be reached during the week of May 22), 95% (expected to be reached during the week of July 24), and finally to 100% (expected to be reached during the week of August 28).

The Graph is expanding to Ethereum Layer 2 to enable faster transactions, significantly reduce gas costs, and participate more openly in the network. Moving the indexing rewards from Ethereum to Arbitrum will allow more indexers to operate on Layer 2, while also providing more rewards for curators and delegators.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Data

Web3

In This Article

Related News
EOS rebrands to Vaulta amid pivot to 'web3 banking', plans to launch new token EOS rebrands to Vaulta amid pivot to 'web3 banking', plans to launch new token
Story Protocol confirms public mainnet to launch on Feb. 1 Story Protocol confirms public mainnet to launch on Feb. 1
LINE introduces Telegram-style Dapps to boost Web3 adoption in Asia LINE introduces Telegram-style Dapps to boost Web3 adoption in Asia
Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet
Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital
Latest News More More
2 Days Ago Synthetix proposes $27 million token swap to acquire options protocol Derive
2 Days Ago FalconX partners with Standard Chartered to boost crypto offerings for institutional clients
3 Days Ago COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index
4 Days Ago Lido 'secure' after oracle compromise sparks emergency DAO vote
4 Days Ago Bitcoin dominates global crypto funds' $882 million weekly inflows as Sui outperforms major altcoin products
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open