Polkadot approves referendum 1721 and launches phase 2.0 elastic expansion

Polkadot’s referendum #1721 has successfully passed, initiating its transition to Phase 2.0. This significant upgrade removes parachain slot auctions, allowing for flexible scaling and reducing barriers for developers.

Plans include enhancing EVM compatibility, improving liquidity, and adjusting staking returns. Notably, the annual inflation rate of DOT is set to decrease to 3.1% in 2026, further refining its economic model.

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