At 00:00 UTC on December 3rd, Phala entered its 6th halving period. As a result, compute rewards on Phala and Khala have been reduced by 25%. Average staking rewards have dropped from ~16% to ~12% APR.
In Polkadot Referendum 1745, Subwallet is requesting retroactive payment of 795K USDC for development from August 2024 to March 2025. Notable features in this period included unified address format support, swaps between ecosystem parachains, and cross-chain swaps powered by Chainflip.
