Attention Zilfam!

As a result of unexpected behaviour in Zilliqa's rewards distribution mechanics, the ongoing adjustment to staking rewards has not been reducing inflation by the amount we had predicted.

We have implemented a workaround to correct this issue, which involves setting the staking reward parameter in the contract to the pre-adjustment rate and then manually remitting the difference between the advertised and collected rewards back to the null address.

This will have the effect of reducing inflation as intended while ensuring the rewards received by stakers continue to follow the previously forecasted trend in line with the monthly adjustments.

This change will be implemented with the next planned adjustment to staking rewards, scheduled for May 2, 2024.