Fantom cuts staking requirement by 90% in a bid to increase security
The Fantom Foundation expects the changes will beef up Fantom’s security without slowing down the network.
The Fantom Foundation has confirmed it has cut the validator self-staking requirement on its layer-1 blockchain Fantom by 90%, more than six months after passing a governance vote.
In a Jan. 15 post on X, Fantom Foundation said the changes were made “recently,” following the vote, which concluded in June 2023. The changes see Fantom (FTM) staking threshold cut from 500,000 FTM to 50,000 FTM, currently worth $19,500.
The foundation said the change will strengthen Fantom’s security while making it “more accessible than ever” to run a validator.
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