BlockBeats News, May 11th, Gaming blockchain Ronin announced that it will officially migrate from an independent sidechain to an Ethereum Layer 2 on May 12th through a hard fork. The network is expected to be down for about 10 hours, during which all transfers, swaps, smart contract interactions, and on-chain gaming operations will be paused.

Ronin stated that this migration will adopt the OP Stack and introduce a new "Proof of Distribution" model, incentivizing developers based on their actual contributions to the network rather than traditional passive staking. The team mentioned that this mechanism will reduce the RON inflation rate from the current over 20% to below 1%.

Additionally, post-migration, Ronin will inherit Ethereum mainnet security while continuing to maintain high throughput and leveraging EigenDA to reduce scaling costs. The 90 million RON originally planned for staking rewards will be transferred to the treasury, and the market transaction fee will be increased from 0.5% to 1.25%.

Ronin had experienced the largest DeFi cross-chain bridge attack in the cryptocurrency industry's history in 2022, resulting in a loss of about $625 million. The team mentioned that this return to the Ethereum ecosystem is also aimed at further strengthening bridge infrastructure and overall security.