This proposal reasonably corrects emissions caused by higher-than-expected block production and keeps staking APY sustainable. Reducing the locked staking multiplier while preserving voting power encourages a healthy transition toward unlocked staking. J-Node will continue to support both locked and unlocked validators; we are currently operating a locked validator and will adapt alongside the network’s long-term direction.
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We support this proposal as a positive step toward the long-term sustainability and economic balance of the Story network.
From a validator perspective, we believe the sharp reduction in rewards for locked validators could be implemented through a more gradual transition. A smoother approach may better accommodate validator operators’ infrastructure planning and risk management, while avoiding sudden disruptions within the active validator set.
At the same time, we acknowledge that the transition of some locked validators to unlocked validators is a natural and expected outcome of this proposal. We view this shift as part of the healthy maturation of the validator ecosystem and a move toward a more balanced stake distribution.
Overall, we believe this proposal will strengthen the validator ecosystem over the long term and contribute to a more resilient network.
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As OriginStake, we generally support the direction of SIP-00009 and appreciate the effort to address the growing gap between intended and actual emissions.
Given the higher-than-expected block production rate, recalibrating emissions feels like a necessary and timely adjustment to ensure long-term sustainability and economic balance for the network.
With regard to the locked staking multiplier, while the reduction is substantial, we understand the intention to encourage a healthier distribution between locked and unlocked stake. Preserving equal voting power between both models is an important design choice that helps maintain governance fairness.
As a validator currently operating with locked stake, OriginStake is prepared to adapt if needed, in support of the network’s long-term stability and sound token economics.
We appreciate the transparency behind this proposal and look forward to continued discussion as Story evolves toward a more sustainable validator ecosystem.
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We at Everstake see emission recalibration as a natural move for long-term network sustainability. Decreasing the locked token staking reward multiplier also looks reasonable in incentivizing the stake transition to the unlocked validator set.
We are ready to operate an unlocked validator and would support a smooth transition.
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NodeStake Support SIP-00009.
We support this proposal as a necessary recalibration in response to higher-than-expected block production. Adjusting emissions and reducing the locked staking multiplier realigns incentives toward unlocked stake, preserves sustainable APY, and strengthens the network’s long-term economic health and decentralization.
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Silent Validator supports this proposal.
Reducing token emissions is important for the network’s long term health. Additionally, decreasing the weight of locked stake emissions is a good way to maintain locked token governance rights while shifting to a more natural and healthy network situation as tokens become unlocked over time.
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I love and support this proposals because it bring wider Accessibility;
Lowering the minimum stake, unstake, and redelegate amounts from 1024 IP to 32 IP is a smart move
It makes the staking process much more accessible to a wider range of people, including retail investors who might have been put off by the high entry barriers before This change helps level the playing field, allowing more individuals to get involved and create a more inclusive staking community.
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Grand Valley here — we run a locked-type validator, and we support SIP-00009.
This proposal is a sensible step towards long-term sustainability and healthier tokenomics, especially with blocks/year coming in higher than originally assumed. Recalibrating emissions now helps keep inflation and incentives in a more durable range.
Our infrastructure is ready to support Unlocked Staking as the network evolves. Thanks to the team for putting this forward.
Let’s Buidl Story Together.
— Grand Valley
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I fully support this proposal and the recalibration of emissions alongside the locked staking multiplier adjustment.
Aligning emissions with actual network performance is a thoughtful and responsible step that strengthens the protocol’s long-term sustainability.
This change helps reduce unnecessary inflation while encouraging a healthier and more balanced staking ecosystem.
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huntercbank here, Iam support SIP-00009.
I support this proposal as a step toward long term sustainability for the Story ecosystem. Reducing excessive locked staking multipliers helps balance emissions, prevents over incentivizing large holders, and creates a healthier reward structure that aligns better with long term network value.
~ Signed, huntercbank @Jan-2026
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I’m an existing validator staking participant.
While I’m personally a bit disappointed about the reduction in reward multipliers, when I look at the bigger picture and the long-term future of the network, I believe reducing excessive inflation is the right direction.
Lower inflation ultimately helps support token value for the broader holder base, and that’s far more important for sustainable growth.
Overall, I’m very satisfied with this proposal and the direction it sets for the future.
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StakeUp supports SIP-00009.
Aligning emissions with real block production is the right move for sustainability, and the locked multiplier adjustment feels inevitable as unlocks continue.
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Gmip Story
I support SIP-00009 because it cuts excess token inflation, fixes over emission caused by fast block production and protects long term network value. Lower emissions + reduced locked-staking multiplier = more sustainable rewards, healthier token economics and better alignment for long term builders and holders over short-term farming.
One-line takeaway: Less inflation now, stronger and more sustainable network later.
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I think it’s necessary for a sustainable story
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We support SIP-00009. Recalibrating emissions in line with the actual block rate is a necessary measure for Story’s stability. Changing the multiplier for locked staking to 0.025x will help balance the interests of all participants and ensure stable development in the long run.
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We at P2P.org generally understand the reasoning behind these changes and find them reasonable. That said, we believe we can identify additional mechanics to support the transition from locked to unlocked validators, either complementing this proposal or as separate initiatives.
We’d like to clarify the intended flow for the vested portion of the tokens: do they lose eligibility to earn rewards from a locked validator immediately upon unlock? If so, would the unbonding period still apply to them?
If the answer to the second question is “yes” in either case (whether eligibility is lost right away or not), we’d consider enabling restaking functionality that supports different validator types (assuming it’s technically viable), so that locked tokens wouldn’t need to go through the unbonding period to stake with unlocked validators. That would preserve security while also providing some value for locked-validator stakers in exchange for reduced emissions. Given that unlocks are stretched out over a long period, it would be helpful to offer convenient transition tooling, and we consider this feature to be one of them.
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I support SIP-00009.
The current per-block emissions schedule is clearly miscalibrated given the higher-than-expected block production. If the chain produces ~13.14M blocks/year, keeping the original per-block rate mechanically over-mints and creates unnecessary inflation and sell pressure. Recomputing emissions per block to target a stable annual issuance is the correct approach and aligns with long-term sustainability.
I also agree with reducing the locked staking reward multiplier. Maintaining meaningful rewards for locked stake while it gradually unlocks can be reasonable, but the current 0.5x seems too generous relative to the intended incentive structure. Lowering it to 0.025x pushes rewards toward unlocked stakers and encourages healthier stake distribution across the active validator set, while still preserving 1:1 voting power for locked/unlocked as stated.
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VALIDEXIS supports SIP-00009 and agrees that a recalibration of emissions and locked staking incentives is necessary given the network’s actual block production and current inflation dynamics.
Reducing annual emissions to reflect real block output is a sensible correction that helps limit long-term inflationary pressure. At the same time, lowering the locked staking multiplier redirects rewards toward unlocked stake, encouraging healthier stake distribution while preserving validator voting power and governance participation.
While the adjustment will materially reduce rewards for locked validators, VALIDEXIS views this as a natural transition as locked tokens move toward unlocked status. Maintaining a sustainable 6–7% APY for unlocked stakers without artificially inflating yields is the right long-term approach for network stability.
Overall, we see SIP-00009 as an important step toward aligning Story’s economic model with real network conditions and long-term sustainability.
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Fully backing this proposal, exactly the right move to strengthen rewards and grow participation.
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As a validator of both locked and unlocked, DELIGHT LABS basically supports this proposal.
But our delegators would be differ from this main opinion. We asked their opinion of the proposal, and get back as soon as possible if the opinion seems different.
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