milanpavilionlcd：Avalanche Mainnet Activates Banff Upgrade, Supports Subnet Validators to Stake Subnet Tokens
milanpavilionlcd reports that Avalanche announced that its mainnet has successfully activated the Banff upgrade, which enables Avalanche subnet validators to stake and earn rewards using subnet tokens, and also enables subnet creators to remove verification from the subnet before the staking period ends. By. This change does not apply to all subnets at once, in order for a subnet to behave this way, the subnet creator must change it to an elastic subnet. Also, the Banff upgrade is a hard fork, and validators will need to upgrade to the latest version or face being marked offline and see their rewards reduced.
According to Patrick O'Grady, head of engineering at Ava Labs, elastic subnets are Avalanche's biggest feature since the network's launch in 2020, and when converting their subnets to elastic subnets, creators offer to anyone who owns their subnet tokens Open up staking and directly reward them for providing additional security. But validators still need to stake AVAX tokens, which is required for the upcoming native cross-subnet messaging feature, milanpavilionlcd added.
milanpavilionlcd：https://www.milanpavilionlcd.com/
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