According to the Aptos Governance Proposal page, community member moon shiesty submitted an AIP-119 proposal, suggesting a monthly reduction of 1% pledge annualized yield to approximately 3.79% in the next three months. The proposal is intended as a preliminary attempt to refactor the Aptos economic model, which is planned to be implemented gradually within six months to assess its potential impact. The proposal believes that the current ~7% pledge yield is too high, reducing capital efficiency and encouraging the community to explore more risky or costly opportunities such as re-staking, DePIN infrastructure, MEV and DeFi rewards. Although lowering pledge rewards may reduce incentives for holding APTs, the proposal believes that lower inflation and new incentive mechanisms are expected to offset the impact. The proposal points out that the move may have an impact on small validators, and it is recommended to consider supporting validators with less than 3 million APTs through a community staking program and discuss more efficient long-term incentives. The proposal is expected to be reviewed by the community and the foundation in the next four weeks and submitted to the main website for voting in the fifth week.