Ronin Network is scheduled to migrate to Ethereum Layer 2 on May 12, with the transition planned at block #55577490. The move will reduce RON’s inflation rate from over 20% to less than 1% and introduces Proof of Distribution, a merit-based system that automates RON reward payouts to builders based on on-chain activity scores. Approximately 10 hours of downtime are expected during the migration, during which on-chain actions will be unavailable.
What Changed
- Ronin is migrating from its standalone chain to Ethereum Layer 2 using the OP Stack, built in partnership with Optimism, Conduit, Boundless, and EigenDA.
- RON’s inflation rate will drop from over 20% to less than 1% following the migration.
- A new Proof of Distribution system will automatically distribute RON rewards to builders on a monthly basis using data from the previous four weeks.
- The Ronin Marketplace fee share flowing to the treasury increases from 0.5% to 1.25%, a 2.5x increase.
- Node operators running Ronin Mainnet RPC nodes are required to upgrade to release 1.2.2 before the hardfork, and those continuing on L2 must prepare infrastructure to run reth and op-node.
- Builder registration for Proof of Distribution is open and requires connecting a Ronin Wallet and submitting all relevant smart contract addresses.
Dates and Rollout
- The migration is scheduled for May 12 at block #55577490.
- Approximately 10 hours of downtime are expected on May 12, during which on-chain actions will not be possible.
- Staked RON will be automatically unstaked after the migration if not manually unstaked beforehand.
- Proof of Distribution rewards will be distributed monthly using data from the previous four weeks.
- Sky Mavis will review Proof of Distribution scoring weights on a monthly basis, meaning the figures may change over time.
Numbers and Rules
- RON inflation will fall from over 20% to less than 1%, meaning roughly 20 times fewer tokens will enter circulation through reward emissions.
- The remaining 90 million RON set aside for staking will flow into the Ronin Treasury after the migration.
- Proof of Distribution scoring is weighted across six categories: NFT volume 20.95%, DEX volume 20.54%, contract volume 16.37%, active users 12.89%, gas spend 18.13%, and new users 11.12%.
- New user and active user scoring under Proof of Distribution applies only to wallets holding more than 10 RON.
- Net sequencer profits, including total gas revenue minus blob fees and expenses, will flow into the Ronin Treasury.
Source: https://x.com/Ronin_Network/status/2046976476009132160
