Ronin Chain to Hibernate for Ethereum L2 Upgrade, Slash Inflation

The Ronin Network is set to undergo a major transformation over the next 24 hours, transitioning from its current architecture to an Ethereum Layer 2 chain, according to jihoz_axie, co-founder of Sky Mavis.

In a detailed thread, jihoz_axie outlined the timeline and key changes:

• Hibernation: Ronin will enter a ~10-hour hibernation period starting in 10 hours from the announcement (approximately 15:17 UTC on May 12). No user or player action is required for the migration.

• Inflation Cut: Once the upgrade is complete, inflation will be reduced dramatically. Treasury inflows will increase from gas fees, additional Ronin marketplace fees, and 90 million RON from the allocation previously used for staking rewards.

• Proof of Distribution: Projects registered for Proof of Distribution will begin earning RON rewards based on the activity they bring to the network. Registration is required for the system to start crediting rewards. This system will publicly display which teams are performing, removing the need for manual curation by jihoz_axie or Sky Mavis.

jihoz_axie expressed confidence that key metrics across the chain will improve, stating, "You get what you incentivize." He highlighted that Proof of Distribution and bRON/bAXS systems are new to crypto and have never been rolled out at scale.

The upgrade positions Ronin as a more sustainable and data-driven ecosystem, with the potential to reshape incentives for projects building on the network.