Manta Network will shut down its staking program
Odaily reports that Manta Network has announced the termination of its staking program, stating that the inflation-based reward mechanism dilutes the value of MANTA holders in the long term and does not align with the project's future development direction. Staking rewards will officially end in two weeks (April 20, 2026), and node operators can exit at any time starting today. Once the staking program is halted, no further network rewards will be generated.
Manta Network further stated that it plans to take over the operation of Manta Pacific's Layer2 infrastructure, shifting to operating its own sequencer and underlying technology stack to enhance network autonomy and streamline operational structure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New York Federal Reserve Survey: Service Sector Price Increases Hit Fastest Pace Since 2022, Business Activity Index Drops to Lowest Since March
A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.
Raoul Pal Holds Bitcoin, Solana and Ethereum, but Calls One Wildly Undervalued
Ethos Technologies President Wang Lingke Reports Sale of $4.54 Million in Common Shares
Exclusive report - Boeing memorandum says sales chief McMullen will retire
Crypto prices
More
