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🔁 #APT Aptos announces a major update to its tokenomics.
APY from staking has been reduced to 2.6%, gas fees have increased tenfold, and a hard cap of 2.1 billion APT has been set. The fund will permanently lock 210 million APT. The team is also exploring a buyback program and expects that after the launch of the new decentralized exchange (DEX), more than 32 million APT will be burned annually.