Ronin Migrates to Ethereum Layer 2 on May 12 with Ten Hour Network Downtime
Ronin executes hard fork to Ethereum L2 on May 12, causing 10-hour downtime. The upgrade deploys OP Stack, slashes RON inflation from >20% to <1%, and reallocates 90M tokens to treasury.
Woofun AI reports that Ronin, the blockchain infrastructure supporting Axie Infinity, will execute a hard fork on May 12 to transition from an independent sidechain to an Ethereum Layer 2 network. This architectural shift necessitates a 10-hour maintenance window during which all transfers, swaps, contract interactions, and on-chain gaming activities will be suspended.
The migration integrates the OP Stack and introduces a "Proof of Distribution" model that aligns builder rewards with network contributions.
Concurrently, the protocol reduces RON inflation from over 20% to below 1%, reallocates 90 million RON from staking rewards to the treasury, and raises market transaction fees from 0.5% to 1.25% to bolster security and scalability.
Comments
No comments yet.